How Jobs for NSW helps startups
NSW is Australia’s startup capital, with nearly half of our nation’s startup businesses calling Sydney home. Jobs for NSW is focused on building a strong and supportive ecosystem for startups; we want them to thrive and prosper, and become the job-creating powerhouses of the future.
To achieve this, we’re offering grants to promising NSW startups to help them find their feet.
Find out if you are eligible
Minimum Viable Product grants
Our Minimum Viable Product (MVP) grants are designed to support promising startups that are not yet generating revenue. They provide up to $25,000 to gather customer feedback and put your business model to the test.
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
- 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 available online and 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 our MVP grant guidelines. All submissions are subject to a panel review process.
Need to talk?
Email us at email@example.com OR call us on 1300 JOB NSW (1300 562 679)
Building Partnerships grants
Building Partnership grants are available to startups and SMEs that are already generating revenue to fund a consortium project that enables the business to establish key accounts or achieve strategic growth. Funding available: up to $100,000
Building Partnerships grants help revenue generating technology startups become the high-growth, job-creating businesses of tomorrow.
The grants are designed to:
- complete pilot projects with key customers, providing evidence to accelerate market adoption of the company’s products or services
- fund new marketing partnerships here in Australia or overseas to develop innovative, new-to-market solutions.
The solution must use an enabling technology to address a compelling industry need or market gap.
‘Enabling technologies’ are new technologies or new uses for existing technologies that enable new products, services, or more efficient processes (e.g. mobile, cloud, analytics, sensors, advanced materials).
Applications for the Building Partnerships grants are now open.
Eligible businesses can receive up to 35% of approved project costs up to a maximum of $100,000.
Businesses must have an ABN registered in NSW.
Grants are available across all industry sectors, as long as the business:
- is primarily focused on the development of technology
- owns the relevant intellectual property, or the rights to commercialise the technology
- has a relationship with a potential customer who can give feedback, or with a potential distributor willing to on-sell the technology.
The business must also be either:
- a resident of a co-working space, incubator or accelerator
- an established business able to provide recent financial statements to Jobs for NSW.
Before you apply
Interested applicants must go through a preliminary assessment process before being invited to apply for this funding.
Read the Building Partnerships guidelines and fact sheet before you submit a preliminary assessment form.
How to apply
To apply for a Building Partnerships grant, you will need to complete the online Preliminary Assessment Form.
Once you have submitted the Preliminary Assessment Form, one of our advisors will contact you within 10 business days. They will determine if there is appropriate support that you might apply for or provide advice about other opportunities.
If your advisor invites you to apply for a Building Partnerships grant, we will send you the application form and assist you with the process.
The Sydney Startup Hub
Located at 11-31 York Street in Sydney’s CBD, the Sydney Startup Hub will bring together leading incubators and accelerators in a high-density startup cluster. With more than 17,000sqm of space it will accommodate 2,500 people over 11 floors.
We have three main objectives for the Sydney Startup Hub:
- create jobs
- increase the diversity of the NSW startup community, with more startups from regional NSW and non-ICT industries
- grow the size and strength of the Sydney ecosystem.
Intersective developed a cloud-based platform called Practera, to help students and mentors collaborate on work-integrated learning experiences, such as business projects, internships, competitions, and workplace learning and development.
To help the business reach this next stage, Jobs for NSW awarded Intersective two grants: $15,000 under the Minimum Viable Product (MVP) program which helped them to obtain market feedback in order to test the business model, and $100,000 under the Building Partnerships (BP) program which gave them room to fund new partnerships and hasten market adoption.
In 2017, Intersective advanced from startup to a fast-growth SME (small to medium-sized enterprise) and Jobs for NSW again backed the company with a $300,000 Accelerating Growth Loan to expand its workforce and further commercialise its products.