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.