Matched funding for pre-revenue technology NSW startups

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.

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.