Deadline: September 28, 2025
The MVP Ventures Program 2025–2026 is a competitive grant initiative designed to support businesses in commercialising innovative products and to attract and retain commercialisation activities in New South Wales.
The focus of the program is to support eligible businesses throughout the pre-market development and commercialisation pathway of their innovative products in NSW and to attract and retain commercialisation activities in NSW. The Program targets products within Technology Readiness Level (TRL) 3 – 9 to help them move along the TRL scale and enable them to attract large-scale private investment.
The program will provide up to $3 million per annum until June 2029, with two funding streams available. Stream 1 offers grants of up to 50% of eligible project expenditure, ranging from $20,000 to $50,000, requiring a 50% cash co-contribution. Stream 2 supports women-owned and managed businesses, regionally headquartered and operated businesses, and Aboriginal or Torres Strait Islander majority-owned and managed businesses, offering up to 75% of eligible project expenditure with grants between $20,000 and $75,000, requiring only a 25% cash co-contribution.
Eligible businesses must be headquartered in NSW, hold an active ABN, be incorporated in Australia, and have an aggregated turnover of $400,000 or less in the past three financial years, with 10 or fewer full-time equivalent employees. They must also hold intellectual property or the rights to commercialise their product. Sole traders, trusts, partnerships, government bodies, and businesses already receiving MVP Ventures funding are not eligible.
Eligible projects include prototyping and piloting studies, demonstrating commercial viability to customers or investors, completing development of an innovative product, or demonstrating a product in an operational environment. Projects must be completed within 3 to 12 months and at least 80% of expenditure must be incurred in NSW. Ineligible activities include basic research, developing products for internal use only, or commercialising the next version of an existing product already in the market.
Applications will be assessed on three criteria: innovation, commercialisation, and deliverability. Applicants must provide supporting documents including financial statements, accountant declarations, letters of intent from customers or distributors, and evidence of co-contribution.
Successful applicants will enter into a Funding Agreement with milestone-based payments: 40% on execution, 30% after progress reporting and acquittal, and 30% on completion of the project. Grantees will also need to comply with reporting obligations and acknowledge NSW Government support in all project-related publications.
For more information, visit Investment NSW.
