1. The first or earliest form of something, such as a document, software, or project, before any revisions or updates
The initial version of the software had several bugs that were fixed in later releases.
A versão inicial do software tinha vários bugs que foram corrigidos em lançamentos posteriores.
2. A preliminary draft or prototype that serves as the starting point for development or improvement
We presented the initial version of our proposal to the board for feedback.
Apresentamos a versão inicial da nossa proposta ao conselho para obter feedback.