A NSW Government website

MVP Ventures

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.

Key information

  • Status: Open
  • Grant amount: From $25,000 to $200,000
  • Application opened: 1 December 2022
  • Application closes: 1 December 2026, 5:00 pm

Program objective

The objective of the MVP Ventures Program (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 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 technology readiness level (TRL) scale.

The NSW Government will provide up to $10 million per annum for the Program to 2026.

This program is administered by Department of Enterprise, Investment and Trade.


Eligibility

Who can apply

To be eligible, your business 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
  • be one of the following:
    • a company incorporated under the Corporations Act 2001 (Cth) (including a company limited by guarantee), or
    • an Aboriginal and/or Torres Strait Islander Corporation registered under the Corporations (Aboriginal and /or Torres Strait Islander) Act 2006 (Cth)
  • hold intellectual property (IP) or rights to commercialise your product
  • 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.

Who can't apply

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.

Types of projects funded under this grant

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 Framework
  • 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.

Example projects

  • prototyping and piloting studies
  • development of current products through the implementation of new technology that will enhance competitive capability

What your application needs to include

Download a Sample funding agreement (DOCX 130.95KB) plus read the FAQs (December 2022). You can also download the complete Program Guidelines (PDF 1.33MB).

Start the application

Application process

Applications:

  • are accepted all year round and must be submitted online using the button below
  • should be clear and concise and include all requested documentation
  • cannot be changed once submitted.

Apply now


After the application is submitted

We will review your application (including attachments) against the eligibility and assessment criteria. We will consider eligible applications on an ongoing basis, based on a non-competitive process and they will be assessed in the order in which they are received. We will advise you of the outcome of your application in writing within 40 business days.


Support and contact

If you have any questions regarding this program, please contact Investment NSW