Funding for pre-revenue technology start-ups

Minimum Viable Product provides technology start-up businesses with funding to help them conduct market research and test their business model with consumers.

Overview

Minimum Viable Product (MVP) grants support promising pre-revenue startups to progress from proof of concept to a minimum viable product stage. The grants can help startups to engage with a potential business customer or channel to market and create innovative solutions that address industry needs or market gaps.

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

What are the eligibility criteria?

To be eligible for an MVP grant, a startup business must:

• have an ABN registered in NSW and be based in NSW
• have a completed proof of concept
• 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.