A quality mobile app built in Australia will cost between $50,000-$250,000+. A startup looking to develop an app with a basic feature set for an MVP is likely to cost between $50,000-$100,000. Businesses wanting to digitise internal processes or integrate with other systems should expect to pay $100,000-$250,000 for an app.

There are six factors that will influence the cost of building an app. These are:

1. the number of platforms
2. the number of screens
3. the app design
4. security requirements
5. backend development requirements
6. complexity of the features

You can find more information on our blog post – “How much does it cost to build an app.”

Creating an app prototype can take anywhere between 3 weeks to a few months. The length of the process is generally influenced by two things. The first is the client’s availability to collaborate during the design process. Our app designers rely on feedback to ensure concepts are in line with the client’s vision. At Wave, we understand that most startup founders are juggling multiple commitments and adjust the timing of our processes to fit in with their availability. The other factor is the number of design iterations that have been included in the project.

With users abandoning most new apps after the first or second use*, we wrote this article to help those with brilliant app ideas understand what needs to be done to lay the foundations for a successful app.

It’s also critical that you take the time needed to fully validate your app idea, rather than take the ‘build it and they will come’ approach. You can learn more in detail about this in our latest blog article.

* Statistics found within the linked article

Wave Digital’s Managing Director, Guy Cooper, has extensive experience in capital raising. He can guide you on the options available and steps involved and suggest organisations or individuals you could approach.