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Minimum Viable Product grants

Minimum Viable Product (MVP) grants are designed for pre-revenue technology startups to help them engage with a potential business customer, or channel to market, to achieve market validation and first sale.

Funding available

An MVP grant is a matched funding grant up to 50% of approved project costs, to a maximum of $25,000.

Successful grant applicants will receive 35% of the funding up-front and 65% after completion and validation of the MVP.

Who is eligible

MVP grants are available to pre-revenue technology startups for the development of scalable technology solutions.

To be eligible for an MVP grant, a startup must:

  • Have an ABN registered in NSW and be based in NSW.
  • The business entity must be at pre-revenue stage.
  • Have a completed proof of concept (e.g. customer interviews, surveys, or focus groups).
  • Have a potential business customer (B2B) or business channel to market (B2C).
  • Have a scalable solution that can be deployed to multiple customers.
  • Hold IP or the rights to commercialise.
  • Demonstrate that 80% of development costs will occur in NSW.
  • Demonstrate adequate matched funding has been secured for the project.

How to apply

MVP grant applications are available online and are open all year round.

You must meet the eligibility requirements listed above to apply.

Apply now

Assessment process

We endeavour to complete each assessment within eight (8) weeks of submission, subject to the volume of applications.

The MVP grant is popular and involves a competitive process. All applications are assessed against the criteria outlined in our MVP grants guidelines (PDF, 166.77 KB) All submissions are subject to a panel review process.

Resources

Frequently asked questions

Find answers to some of the common questions we receive about our products and portfolio. Can't find the information you need? Email us at general.enquiries@treasury.nsw.gov. or call us on 1300 562 679

For MVP grant applications, we endeavours to complete assessment of each application within eight (8) weeks of its submission, subject to volume of applications received.

For Business Partnership grant applications, please expect a review period of two (2) weeks following an Expression of Interest form submission, and once a full application has been received, we endeavour to complete an assessment within eight (8) weeks, subject to the volume of applications received.

Unsuccessful MVP or BP grant applicants are unable to resubmit an application for the same project unless NSW Treasury reinvites the applicant.

The NSW Government, through Jobs for NSW, has funded the Sydney Startup Hub (SSH) — an exciting and ambitious initiative creating a central destination for the NSW startup sector. Located at 11-31 York Street in Sydney’s CBD, the SSH brings together a range of physical, technological and networking resources — making them available to startups throughout NSW.

An Australian first, the SSH will cement Sydney’s position as an internationally leading startup location and innovation destination — serving the metropolitan, regional, national and international startup community.

Find out more about the SSH at sydneystartuphub.com or by emailing sydney.startuphub@jobsfornsw.com.au

Individual startups can apply for desk space in the Sydney Startup Hub via our anchor tenants which includes Fishburners, Stone & Chalk, Tank Stream Labs and The Studio.

Read more about our tenants at Sydney Startup Hub – Residents.

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Contact us

Email us at general.enquiries@treasury.nsw.gov.au or call us on 1300 562 679.

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