MVP (Minimum Viable Product) is consists of the minimum set of features that you want to create for your product which would be enough for clients to approach their target audience.
An MVP is more than a model, and as it involves strategy, idea creation, scaling, training, and analysis. Determining the features of MVP is more of a strategic decision to start with, but without losing the vision of future possibilities. This empowers the end-users to start using the features within a short period of time. This technique ensures that your concept is well accepted before you actually start spending more money.