NSW Government's 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.
Sponsoring Agency: NSW Government
Type of Fund: Grant
Deadline Available: Not Available
Deadline Date (mm/dd/yyyy):
Size of the Fund: Less than USD $50,000
NSW Government's 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 Information
• 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.
Eligibility Criteria
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.
More information at: https://www.nsw.gov.au/topics/support-for-startups/minimum-viable-product-grants
Eligible Countries:
Australia
