NSW MVP (Minimum Viable Product) Ventures Program

2025-26 Program now open. Grants from $20,000-$75,000, dependent on stream. Minimum 25%-50% cash co-contribution, depending on stream.
Applications for Round 1 are open until 28 September 2025.
Round 2: Opens 24 November 2025, closes 21 December 2025
Round 3: Opens 9 March 2026, closes 5 April 2026
Rounds may close early to ensure funds are distributed equitably across all rounds.

NSW MVP (Minimum Viable Product) Ventures Program is committed to supporting startups and innovative small and medium enterprises (SMEs) across the product lifecycle, bridging the gap between early-stage research and mature investment opportunities. The program offers grants designed to accelerate the commercialisation of highly innovative products or processes.

The Program aims to: support businesses in increasing the commercialisation of innovative products and processes in NSW, and attract and retain commercialisation activities within the state.

The Department of Enterprise, Investment and Trade will allocate up to $3 million annually for the Program until June 30, 2027.

Key Requirements

Stream 1

The grant amount for eligible businesses will be up to 50 per cent of the Total Eligible Project

Expenditure (grant percentage), with a

minimum grant of $20,000
maximum grant of $50,000
minimum co-contribution of 50%

Stream 2

If your business is:

Majority Women-owned and managed, or
Regionally Headquartered and operated, or
Aboriginal and/or Torres Strait Islander majority-owned and managed

A grant amount of up to 75 per cent of the Total Eligible Project Expenditure (grant percentage) is available, with a:

minimum grant of $20,000
maximum grant of $75,000
minimum co-contribution of 25%

What is eligible for funding?

Eligible Projects

To be eligible, projects must:

be directly related to the pre-market development and commercialisation pathway of your product
involve progressing your product along the Technology Readiness Level (TRL) scale between 3 and 9
demonstrate why the project would not proceed in NSW without government support
be completed within 12 months of funding, minimum project period is 3 months (the ‘Project period’)
undertake funded activities in NSW, and
include only Eligible Expenditure

Eligible projects could include:

prototyping and piloting studies
demonstrating the commercial viability of an innovative product to a customer or investor
completing the development of an innovative product
demonstrating a product in an operational environment

What companies are eligible for funding?

To be eligible, businesses must:

have an active Australian Business Number (ABN)
be Headquartered in NSW
have an account with an Australian Authorised Deposit-taking Institution
be a company incorporated in Australia under the Corporations Act 2001 (Cth) or an Aboriginal and/or Torres Strait Islander Corporation registered under the Corporations (Aboriginal and /or Torres Strait Islander) Act 2006 (Cth)
hold Intellectual Property (IP) or rights to commercialise
have an Aggregated Turnover of $400,000 or less in each of the three financial years prior to the lodgement of your application, and
have 10 or fewer Full Time Equivalent (FTE) employees including Founders

Is this grant competitive or entitlement based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

Industry analysis presentation
Competitor Analysis Presentation
Marketing and Sales Analysis Presentation
3-5 year Cashflow Forecast
3-5 year Balance Sheet Forecast
Cost-Benefit Analysis of Grant Funding
End-to-end grant application including information collating, analysis and application writing
CAPEX (Capital Expenditure) cost-benefit analysis
Stakeholder relations and Risk Mitigation Plans
Any other relevant forecasting that will support your application

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.

This grant is open

Apply for this grant below:

OR