Entrepreneur in NSW

MVP Ventures Program

  • Applications Open: until 1 December, 2026
  • Grants: $25,000 – $200,000

The MVP Ventures Program delivers grant funding to push for the commercialisation of new and highly innovative products, services, or processes that are in at least a viable product stage.

The intention of the MVP Ventures Program is to:
• invite and preserve commercialisation activities in the state.
• encourage businesses to boost the commercialisation of innovative services and products

It is proposed to assist businesses during their commercialisation phase. Firms that have successfully completed projects that have received funding from the MVP Ventures program are allowed to reapply for supplementary funding to progress their project’s technology readiness level (TRL) scale.

Key Requirements

To apply you must:

  • complete the application form online: here
  • provide the requested information
  • include all attachments necessary
  • meet all the eligibility criteria

Attachments to the application

The following documents are required to be provided with your application:

  • a completed Project template.
  • evidence of Matched Funding
  • evidence of financial turnover (e.g. financial statements including profit and loss statements or accountant declaration (template provided on investment.nsw.gov.au/MVPVentures)
  • evidence of less than or equal to 20 FTE (e.g. payroll tax statement, employee records)
  • a letter from an Eligible Validating Entity template provided on investment.nsw.gov.au/MVPVentures
  • a pitch deck (maximum 10 slides) or a link to an online video showcasing your product and explaining why it is a unique innovation (maximum 3 minutes)

What is eligible for funding?

Eligible expenditure

Funding will only be given to projects based on non-recurring eligible expenditure that is directly related to the commercialisation and development of innovative services, or products including:

  • consultant fees
  • wages
  • equipment
  • direct prototyping materials
  • direct costs including:
    • patent filing costs for new IP
    • workshop or laboratory usage charge outs
    • travel costs

What companies are eligible for funding?

Eligible companies must:

  • have an Australian Business Number (ABN)
  • be non-tax exempt
  • have a physical office or headquarters in NSW and demonstrate that core activities include research and development
  • have an account with an Australian financial institution
  • be one of the following:
    • a company incorporated under the Corporations Act 2001 (Cth) (including a company limited by guarantee)
    • an Aboriginal and/or Torres Strait Islander Corporation registered under the Corporations (Aboriginal and /or Torres Strait Islander) Act 2006 (Cth)
    • You must also:
      • hold intellectual property (IP) or rights to commercialise
      • have an aggregated turnover of less than A$1 million for each of the three financial years prior to the lodgement of your application (unless the entity is controlled by a publicly funded research organisation).
      • be an entity with less than or equal to 20 FTE.

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.