Minimum Viable Product grants

Important notice – system update

We have listened to the community, and to better streamline the MVP grant application experience, we will launch a new MVP grant application system on Monday 13 August 2018.

If you have already submitted an application under the current system, your application will not be affected. If you have started, but not yet submitted your application, please ensure you submit your application before Monday 13 August 2018.

Please note we will not be able to process any new applications submitted in the current system after Monday 13 August 2018.

Please contact us if you require any further information or assistance.

Startup Support
Jobs for NSW
E: mvp.bp@jobsfornsw.com.au
T: 1300 562 679

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.

Resources

Need to talk?

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