The NSW Government is pleased to announce that the MVP Ventures Program will open for new applications on Monday, 4 December 2023.
The program will provide up to $3 million per annum until 2027 to support startups and innovative SMEs in the product lifecycle between early-stage research and mature investment opportunities. The grant amounts will start at $25,000 with the maximum grant amount being $50,000. To be eligible under this program, you must provide a 50% cash co-contribution towards the costs of the proposed project. To learn more about eligibility and assessment criteria, check out the full grant guidelines here.
The program has a two-stage application process, consisting of an Expression of Interest (EOI) and a Detailed Application. You will be notified of the outcome of your EOI within 15 business days. Successful EOI applicants will then be invited to submit a detailed application.
Innovative firms who successfully complete projects funded under the program will be able to reapply for additional funding to make further progress along the technology readiness level (TRL) scale.
Find out more about how to apply below. Please note that we will be adding additional information about the program to our website later this month.