Minimum Viable Product Grants

For promising NSW based startups

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 projectApply now

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 four (4) 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.

Resources

Need to talk?

Email us at enquiries@jobsfornsw.com.au OR call us on 1300 JOB NSW (1300 562 679)