Minimum Viable Product Grants
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.
Funding Available: Up to 50% of the Project costs to a maximum of $25 000 (35% up front 65% upon completion)
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
The entity must 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
Application Close: Applications are open year round.