MVP Ventures 2024-2025

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.
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Key information

  • Status: Closed
  • Grant amount: From $25,000 to $50,000
  • Application opened: 1 July 2024
  • Application closed: 4 November 2024, 5:00 pm

Program objective

Program Update

Investment NSW is no longer accepting Expressions of Interest (EOI) for the 2024-25 MVP Ventures grant program as the strong demand means it will reach capacity for this financial year based on the applications already received.

In keeping with the program guidelines, the non-competitive application process has been closed early to avoid applicants making submissions that cannot be funded and help ensure applicant time is not wasted.

The Investment NSW team is continuing to assess EOIs that have already been submitted and will seek detailed applications from those that meet the eligibility criteria for funding as part of the 2024-25 program, until the available funding is exhausted.

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. 

This program is funded and administered by Premier's Department.

Eligibility

1

Who can apply

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).
2

Types of projects funded under this grant

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.
3

Who can’t apply

You are not eligible if you are: 

  • insolvent
  • an individual
  • an unincorporated association
  • a trust
  • a partnership
  • joint applicants
  • a subsidiary of a revenue generating business locally or overseas. If part of a group, the parent company or entity must apply on behalf of the consolidated entity and meet all eligibility requirements.
  • receiving or have received NSW Government or federal assistance from another program for the proposed project.
  • a federal, state, territory or local government agency or body (including government business enterprises).
  • currently receiving funding under the MVP Ventures Program
  • any organisation not included under ‘Who is eligible for funding?’

Most recent recipients

All recipients (76)

What your application needs to include

1

Prepare your application with this checklist

Please refer to the MVP Ventures Program webpage for detailed information on what your applications needs to include. 

2

Address the eligibility criteria

Each applicant, as part of an application response, must confirm that they meet the eligibility criteria.

Applicants that do not address the eligibility criteria in full may be excluded from the application process at the department's discretion.

3

Address the assessment criteria

Each applicant, as part of an application response, must confirm that they meet the program eligibility and assessment criteria.

Applicants that do not meet the program eligibility or address the assessment criteria in full may be excluded from the application process at the department's discretion.

Start the application

EOI submissions for the 2024-2025 program have closed.

The Program has a two-stage application process, consisting of an Expression of Interest (EOI) and a detailed application.

Note: If you are a new applicant to SmartyGrants, you will need to register and create a password. If you are already registered, you can log in with your existing username and password.


Apply now

After the application is submitted

Successful applications will be decided by: Deputy Secretary Investment NSW

Applications will be considered on a non-competitive basis against the eligibility and assessment criteria and will be assessed in the order in which they are received.

Support and contact

If you have any questions regarding this program, please contact Investment NSW

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