fbpx
Post

Commercialising NSW Innovation – MVP Ventures Program

On 4 December 2023, Round 1 of the NSW MVP Ventures Program will be open for applications.  

Administered by the Department of Enterprise, Investment and Trade, the main aim of the program is to support NSW headquartered start-ups and SMEs to access funds to drive the commercialisation of innovative products or processes.  

Applications are considered on a non-competitive basis against the grant criteria and done so in order in which they are received.  

Who can apply? 

To be eligible to apply, your business must:  

  • have an Australian Business Number (ABN)  
  • be non-tax exempt 
  • be headquartered in NSW  
  • have an account with an Australian financial institution  
  • be one of the following entity types: 
  • a company incorporated in Australia; or 
  • an incorporated trustee on behalf of a trust in Australia; and  
  • hold intellectual property (IP) or rights to commercialise.  

You must also:  

  • not be an entity or a subsidiary of a group of companies that has an Aggregated Turnover that is more than AUD$1 million for each of the three financial years prior to the lodgement of your application; and 
  • not be an entity or a subsidiary of a group of companies that has more than a total of 20 full time employees. 

Key information 

  • Grant amount: From $25,000 to $50,000  
  • Applications Round 1 open: 4 December 2023  
  • Applications Round 1 close: 4:30pm AEST, 30 April 2024

The objective of the MVP Ventures Program is to:   

  • support businesses to increase the commercialisation of innovative products and processes in NSW   
  • attract and retain commercialisation activities in NSW.   

The NSW Government will provide up to $3 million per annum for the Program through to 2027.    

Program Guidelines

 

How do I apply for the MVP Program? 

We have a specialist grants team that can help you assess if you’re eligible and support you throughout the application process, leaving you to focus on what matters most – commercialising your product! 

Get in touch with the Gild R&D Incentives and Grants team here.