NSW Government provides a $25k grant to support pre-revenue startups. Matching funding.
Open for applications now.
What is a Minimum Viable Product grant?
Minimum Viable Product (MVP) grants are designed to support promising startups with the funds needed to progress from a proof of concept stage to a minimum viable product.
The grants are aimed at startups that are yet to generate revenue to help them engage with a potential business customer, or channel to market, and create innovative solutions that address compelling industry needs or market gaps.
What funding is available?
An MVP grant is a matched funding grant up to 50% of approved project costs, to a maximum of $25,000.
Successful grant applicants will receive 35% of the funding up-front and 65% after completion and validation of the MVP.
Who is eligible?
MVP grants are available across all industry sectors to startups who are primarily focused on the development of a scalable technology solution
To be eligible for an MVP grant, a startup must:
- Have a completed proof of concept (e.g. prototype completed)
- Have an ABN registered in NSW and be based in NSW
- The entity must be at pre-revenue stage
- Hold IP or the rights to commercialise
- Have a potential business customer or business channel to market
- Have a scalable solution that can be deployed to multiple customers
- Demonstrate that 80% of development costs will occur in NSW
- Demonstrate adequate matched funding has been secured for the project
How do I apply?
MVP grant applications are open all year round.
You must meet the eligibility requirements listed above in order to apply.
What happens after I apply?
Jobs for NSW endeavours to complete each assessment within eight (8) weeks of submission, subject to the volume of applications.
Please note, this is a competitive process and all applications are assessed against the criteria outlined in the MVP grant guidelines. All submissions are subject to a panel review process.
Treadstone has been providing grant assistance for over 10 years as one of Australia’s most trusted grants and R&D Tax Incentive consulting firm. We have helped Australian business apply for and win millions of dollars in grants and R&D tax incentives. With offices in Melbourne, Sydney and Brisbane we can review your grant opportunities and help you grow.
Call us to find out what other grants you may be eligible for on 03 9008 5937 or email.