Minimum Viable Product (MVP) Ventures NSW

About this grant

This program provides NSW companies with funding to commercialise innovative and new products or processes.

Eligibility requirements

All of the following criteria must be met:

• 2 funding streams are available for the 2025-2026 program and have been designed to reduce financial barriers and foster greater participation from under-represented groups:
• Stream1 is available for all eligible businesses with a maximum grant of $50,000 and a minimum co-contribution of 50%.
• Stream 2 is available for eligible women-owned businesses, regional businesses, and aboriginal and/or torres strait islander businesses with a maximum grant of $75,000 and a minimum co-contribution of 25%.
• Have an australian business number (abn)
• Hold intellectual property (ip) or rights to commercialise your product
• Have an aggregated turnover of $400,000 or less in each of the 3 financial years prior to the lodgement of your application
• Have 10 or fewer full-time equivalent (fte) employees, including founders.
• To be eligible, projects must:
• Be directly related to the pre-market development and commercialisation pathway of your product
• Involve progressing your product along the technology readiness level (trl) scale between 3 and 9
• Demonstrate why the project would not proceed in nsw without government support
• Be completed within 12 months of funding, minimum project period is 3 months.
• Funding for businesses and individuals wanting to strengthen relations with korea
• Funding for corporations to undertake clean energy projects

What the funding covers

• Funding from $20K to $75K (depending on funding stream).

How to apply

1. 1Confirm readiness: Ensure you meet criteria (e.g., ABN, turnover limits, GST registration), align project objectives with grant goals, and estimate time for evidence gathering and writing.
2. 2Gather evidence: Collect documents like financials, business plans, market research, project budgets, resumes, risk analysis, and support letters to prove capability and impact.
3. 3Register/log in: Obtain an Australian Business Number (ABN) if needed, sign into the relevant portal (e.g., Business Grants Hub portal), and note any prerequisites like advisory service reports.
4. 4Prepare and write application: Address all selection criteria clearly (project details, government alignment, costs, outcomes, benefits); keep concise, factual, and compelling; validate for completeness.
5. 5Review, approve, and submit: Proofread, get stakeholder sign-off, submit online via the portal before deadline (no late entries); expect eligibility check, merit assessment, and outcome notification.
6. 6Visit https://business.gov.au/grants-and-programs/minimum-viable-product-mvp-ventures-nsw for application details

Application tips