ACTIVELY BEING IRRESPONSIBLE

You don't have to be responsible for the world that you're in. - John von Neumann

Hit a snag on our Pre Seed application.  Our advisor bounced back with some comments on our application form and we need to fix it quick.  Final day of submission is on 8th Sept 2009!

One question: What is the difference between Proof of Concept and Prototype?

Googling doesn't help as there are a lot of opinions out there but here goes:

Proof of Concept
The evidence that a product, technology or an information system is viable and capable of solving an organization's particular problem. A proof of concept is often developed for new products that have not yet come to market.

Prototype
1. An original type, form, or instance serving as a basis or standard for later stages.
2. An original, full-scale, and usually working model of a new product or new version of an existing product.
3. An early, typical example.
 
Awfully close isn't it? But what is clear to me:
 
Proof of concept - to show that it CAN BE done and it is a viable solution
 
Prototype - ALREADY KNOW it can be done, this is the first crude model with a lot of placeholders/temporary finishings
 
What do you think?

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