About the Program
MVP Ventures (the Program) is designed to support startups and innovative small and medium enterprises (SMEs) in the product lifecycle between early-stage research and mature investment opportunities.
This Program provides grants to drive the commercialisation of highly innovative and new products or processes.
Objective
The objective of the Program is to:
• support businesses to increase the commercialisation
of innovative products and processes in NSW
• attract and retain commercialisation activities in NSW.
The Program targets new products or processes within Technology Readiness Level (TRL) 3 – 9 to help them move along the TRL scale and enable them to attract large-scale 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.
Program funding
The Department of Enterprise, Investment and Trade (the Department) will provide up to $3 million per annum for the Program to 30 June 2027. The minimum grant amount is $25,000 and the maximum grant amount is $50,000
To be eligible under this Program, you must provide a 50 per cent cash co-contribution towards the costs of the proposed project.
