Matched funding for pre-revenue technology NSW startups
Minimum Viable Product NSWLast Updated: 1 September 2022
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.
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 an 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.
Check if you can apply
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.
Apply now
Apply for the Minimum Viable Product NSW
Find out more about your eligibility and how to apply.