Deadline: 1-Dec-26
The NSW Government is excited to announce the MVP Ventures Program.
MVP Ventures is one of a suite of initiatives funded by the NSW Government under the Future Economy Fund’s Commercialisation Pathways Program, to drive commercialisation success in NSW.
The Program is an expanded initiative of the highly successful Minimum Viable Product and Building Partnerships program designed to address gaps in the product lifecycle between early-stage research and mature investment opportunities.
Objective
- The objective of the Program is to:
- Support businesses to increase the commercialisation of innovative products and services in NSW
- Attract and retain commercialisation activities in NSW.
- The Program targets new products, processes, or services within Technology Readiness Level (TRL) 3 – 9 to help them move along the TRL scale and enable them to attract largescale private investment. The TRL scale is at Appendix C.
- The Program is designed to support businesses throughout their commercialisation journey and innovative firms who successfully complete projects funded under the Program are permitted to reapply for additional funding to make further progress along the TRL scale.
Types of Projects
- To be eligible, your project must:
- Be related to the commercialisation of your product, process, or service
- Be progressing your product, process, or service along the Technology Readiness Level (TRL) scale between 3 and 9 (refer to related documents)
- Undertake funded activities in NSW
- Be aligned with one of the priority industries or technologies listed in the NSW Industry Development Frameworklaunch
- Be able to complete your project within 12 months of funding
- 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
- Identify an Eligible Validating Entity that will complete the qualification activities to validate the quality, functionality and intended behaviours of the product, process, or service
- Demonstrate matched funding of 50% has been secured for the project
- Include only Eligible Expenditure.
Eligibility Criteria
- Who is eligible for funding? To be eligible, you 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.
- If you are a subsidiary of a parent or holding company, you may be eligible but the parent or holding company must also meet the Eligibility Criteria.
- If you are an entity located outside of Australia, and you do not currently satisfy the criteria, you may still apply, provided that you will satisfy those criteria at the date of execution of your funding agreement.
Ineligible
- You are not eligible if you are:
- Insolvent
- An individual
- An unincorporated association
- A partnership
- Receiving NSW Government or Commonwealth assistance from another program for the same purpose a Commonwealth, state, territory or local government agency or body (including government business enterprises) currently receiving funding under the MVP Ventures Program.
For more information, visit NSW Government.