Minimum Viable Product NSW


Minimum Viable Product provides pre-revenue technology startups with funding to help them engage with potential customers, or channel to market, to achieve market validation and first sale.

Open
Application detail:

Apply at any time.

What do you get?

Matched funding of up to $25,000.

Who is this for?

NSW technology start-ups.

Overview

Funding is available to support promising pre-revenue startups to progress from proof of concept to a minimum viable product (MVP) stage.

The grant can be used to develop a MVP to either:

  • the stage of first revenue, or
  • to a stage where feedback indicates the MVP is inadequate for the planned business model

Grants of up to $25,000 are available to cover up to 50% of approved project costs.

Regional recipients of the MVP grant may also be able to claim a travel stipend to help them travel for an innovation-related purpose.

What are the eligibility criteria?

To be eligible, a startup business must:

  • have an Australian business number (ABN) registered in NSW and be based in NSW
  • have a completed proof of concept (e.g. customer interviews, surveys or focus groups)
  • be at pre-revenue stage
  • hold IP or the rights to commercialise the end product
  • have a potential business customer or business channel to market to
  • have a scalable solution that can be deployed to multiple customers
  • demonstrate that at least 80% of development costs will occur in NSW
  • demonstrate that matched funding for the project has been secured

How do you apply?

Find out more about eligibility and how to apply at Minimum Viable Product.