Secure funding for your MVP.

• have an Australian Business Number (ABN)

• be non-tax exempt

• have a physical office or headquarters in NSW and demonstrate that core activities include research and development  

• be one of the following:

  a company incorporated under the Corporations Act 2001  (Cth) (including a company limited by guarantee), or

  an Aboriginal and/or Torres Strait Islander Corporation registered under the Corporations (Aboriginal and /or Torres Strait Islander) Act 2006 (Cth)

• hold intellectual property (IP) or rights to commercialise your product

• have an aggregated turnover of less than A$1 million for each of the three financial years prior to the lodgement of your application (unless the entity is controlled by a publicly funded research organisation

• be an entity with less than or equal to 20 FTE.

You are not eligible if you are:

• insolvent 

• an individual 

• an unincorporated association 

• a partnership

• receiving NSW Government or Commonwealth assistance from another program for the same purpose

• a Commonwealth, state, territory or local government agency or body (including government business enterprises) 

• currently receiving funding under the MVP Ventures Program.

To be eligible, your project must:

• be related to the commercialisation of your product, process, or service 

• be progressing your product, process, or service along the Technology Readiness Level (TRL) scale between 3 and 9 (refer to related documents)

• undertake funded activities in NSW

• be aligned with one of the priority industries or technologies listed in the NSW Industry Development Frameworklaunch

• be able to complete your project within 12 months of funding

• demonstrate why sufficient funding for the entire project cannot be accessed from alternative sources and that the project would not proceed in NSW without government support

• demonstrate why sufficient funding for the entire project cannot be accessed from alternative sources and that the project would not proceed in NSW without government support

• identify an Eligible Validating Entity that will complete the qualification activities to validate the quality, functionality and intended behaviours of the product, process, or service

• demonstrate matched funding of 50% has been secured for the project

• include only Eligible Expenditure.