MVP Ventures Grant Eligibility Checklist
- Has an active ABN
- Is headquartered in NSW (registered office and principal place of business)
- Has an account with an Australian Authorised Deposit-taking Institution
- Is a company incorporated under the Corporations Act 2001 (Cth) or an Aboriginal/Torres Strait Islander Corporation under the CATSI Act 2006
- Holds Intellectual Property (IP) or rights to commercialise the product
- Has ≤ 10 Full-Time Equivalent (FTE) employees (including founders)
- Has an aggregated turnover ≤ $400,000 per year for the past 3 financial years
- Is a sole trader, trust, partnership, or unincorporated association
- Is insolvent or tax-exempt
- Is receiving funding from another government program for the same project
- Is currently receiving MVP Ventures funding
- Is a government agency or enterprise
- Has submit multiple applications in the same round
Project Eligibility Checklist
- Is directly related to pre-market development and commercialisation
- Will be completed within 3 to 12 months
- Is conducted within NSW
- Includes only eligible expenses
- Involves prototyping and piloting studies
- Demonstrates commercial viability to customers/investors
- Is completing product development
- Involves operational environment demonstrations
- Is only for basic research or technical experimentation
- Is for internal use only
- Is a next version of an existing market product
Funding Stream Eligibility Checklist
Stream 1 (General)
Your business will:
- Provide a 50% cash co-contribution
- Submit an ASIC extract showing NSW-based operations and officeholders for ≥6 months
Stream 2 (Priority Groups)
Your business will:
- Provide 25% cash co-contribution
Meet one of the following:
- Women-owned and managed (CEO and majority officeholders are women; majority shareholding)
- Regionally headquartered and operated (outside Sydney, Newcastle, Wollongong)
- Aboriginal and/or Torres Strait Islander majority-owned and managed (registered with ORIC, NSWICC, or Supply Nation)
Assessment Criteria Checklist
Your product can demonstrate that it:
Innovation
- Addresses a realistic, well-defined problem backed by industry research
- Is new or significantly different from existing solutions
- Provides a solution that meets a market need
Commercialisation
- Is commercially viable
- Supports NSW Industry Policy Missions
- Delivers economic, environmental, or social benefits to NSW
Deliverability
- Clearly outlines project outcomes, milestones, key activities, and risks
- Demonstrates team capacity and expertise to deliver the project
