FAQs - MVP Ventures

A Minimum Viable Product (MVP) is a product or service that is beyond initial proof of concept/prototype stage that has been tested with potential customers.

• An individual trustee is a natural person or persons and is not eligible under the MVP Ventures Program.
• A corporate trustee, just like any other incorporated company who satisfies the eligibility criteria will be eligible for funding.

For MVP Ventures, you are required to nominate an Eligible Validating Entity (EVE) who will be required to do the following:
a.    Application stage: Complete and sign an initial EVE form
b.    Final Validation: Complete and sign the final EVE form which includes validation of your project.

A template of the EVE form is provided under What your application needs to include on the MVP Ventures page.

To demonstrate this, the applicant’s Australian Business Register (ABR) ABN profile’s ‘Main Business Location’ must be listed as being in NSW at the time of the application.

FTE means the full-time equivalent employees including contractors directly engaged based on a 35-hour week, i.e.

FTE equals total hours worked for period 35 hours x (no. of weeks in the period)

You must demonstrate that the project has been executed in accordance with the Funding Agreement and provide evidence that the outcomes have been achieved and expenditure has been incurred to the satisfaction of the Department.

You must provide details of all expenditure on the project in the Project Information template. In addition, applicants will be required to provide payment evidence in the form of, bank statements, pay slips and receipts as appropriate. You are also required to submit a valid tax invoice for the instalment amount addressed to the Department.

More information is available on the MVP Ventures page.

No. Only activities which commence after the execution of the funding agreement will be accepted. Any project expenditure incurred prior to the execution of the funding agreement cannot be claimed.

If you are interested in applying for the MVP Ventures Program, please apply at DEIT- PD.smartygrants.nsw.gov.au/MVPVentures.

Applications are assessed on an ongoing basis. The program closes on 17:00 AEST 1 December 2026 or when the program funding has been fully exhausted, whichever occurs first.

If you have provided us a complete application with all attachments, you will be notified of the outcome of your application within 40 business days from the date of submission.

No. However, if you find an error, please please contact Investment NSW immediately to discuss.

Yes. You are permitted to apply more than once under the Program. However, if you are successful, you will only be awarded once per applicant within a funding period.

No. The documents listed in the Guidelines identified as mandatory must be provided at the time of application via the Smarty Grants platform in order for DEIT to complete the assessment. Incomplete applications will not be assessed and will be deemed ineligible.

If you are unable to provide some of the documents, you may 'Save’ your application in Smarty Grants (i.e., do not submit) and resume once you have your documents ready.

If you have a change in circumstance or find an error in your application after submitting, you should contact us immediately on investment.enquiries@investment.nsw.gov.au and provide your application number (e.g., MVPV00XX – Subject: xxx).
We are not obligated to accept any additional information, nor requests from you to correct your application after the closing time.

You cannot change your application after the closing date and time.

If you have forgotten your password, just select “Forgotten your password?” in the login page and follow prompts to create a new password.

If a technical error occurs, staff at SmartyGrants are available to help you. Their contact details are below. Make sure you quote your application number.

Phone:

+613 9320 6888 (Australia)

+644 889 3068 (New Zealand)

Email:

service@smartygrants.com.au

   
Yes. Please contact us here or +612 4908 4800 or email investment.enquiries@investment.nsw.gov.au and include your application number (e.g., MVPV00XX – Subject: xxx).

Feedback is provided to all unsuccessful applicants via email.