MVP (Minimum Viable Product) Ventures

The MVP Ventures Program by Investment NSW supports startups and innovative SMEs in the early stages of product development and commercialization. This grant program, offering between $25,000 and $50,000, aims to help businesses in New South Wales bring highly innovative products to market. The program targets products at Technology Readiness Levels (TRL) 3 to 9 and seeks to attract large-scale private investment. The 2024-25 application cycle is now closed due to high demand, but applications for the 2025-26 cycle will open on July 1, 2025. Eligible businesses can use the grant to cover expenses related to pre-market development, provided they contribute at least 50% of the project cost. This program is part of the NSW Government’s efforts to foster innovation and commercial activity within the state.