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MVP Ventures 2024-2025

Grant Closes: 28th of February 2025 - 5:00 pm Value: $25,000 to $50,000 Run By: Investment NSW Further Information: https://www.nsw.gov.au/grants-and-funding/mvp-ventures-2024-2025

The MVP Ventures Program supports startups and innovative SMEs in the product lifecycle between early-stage research and mature investment opportunities, through grants to drive the commercialisation of highly innovative and new products.

The objective of the Program is to:

  • support businesses throughout the pre-market development and commercialisation pathway of their innovative products in NSW
  • attract and retain commercialisation activities in NSW

The Program targets new products within Technology Readiness Levels (TRL) 3 – 9 to help them move along the TRL scale and enable them to attract large-scale private investment. 

To be eligible, your business must:

  • have an active Australian Business Number (ABN)
  • be non-tax exempt
  • be Headquartered in NSW
  • have an account with an Australian financial institution
  • be a company incorporated in Australia
  • hold intellectual property (IP) or rights to commercialise
  • have an Aggregated Turnover that is no more than A$1 million for each of the three financial years prior to the lodgement of your application, and
  • have no more than a total of 20 FTE (including Founders).

To be eligible, your project must:

  • be related to the pre-market development and commercialisation pathway of your product
  • involve progressing your product or process along the Technology Readiness Level (TRL) scale between 3 and 9
  • be aligned to and marketed within one of the following NSW Government Industry Development Framework priority industries
  • have secured a minimum 50% cash contribution (no in-kind) for the project
  • be completed within 12 months of funding, minimum project period is 3 months
  • undertake funded activities in NSW
  • demonstrate why sufficient funding for the entire project cannot be accessed from alternative sources and that the project would not proceed in NSW without government support
  • include only eligible expenditure.
Last Updated: 16th of July 2024
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