MVP Ventures Program NSW

MVP Ventures Program NSW

Are you ready to seize the opportunity offered by the MVP Ventures Program?

The NSW MVP Ventures Program is designed to support startups and SMEs, bridging the gap between early-stage research and mature investment opportunities. It provides crucial funding for projects directly related to the development and commercialisation of innovative products or processes. With grants covering 50% of eligible expenditures ranging from $25,000 to $50,000, this program is your gateway to the market.

Program Highlights:

• Status: Opening soon
• Grant Amount: Ranging from $25,000 to $50,000
• Round 1 EOI Applications Open: Starting from December 4, 2023
• Round 1 Applications Close: April 30, 2024, at 4:30 PM AEST

To be eligible, you must:

• Meet specific criteria, including having an ABN, being headquartered in NSW, and holding intellectual property or rights to commercialise.
• Eligible projects must progress along the Technology Readiness Level (TRL) scale between 3 and 9 and align with NSW Government Industry Development Framework priority industries.

You must also:

• Not be an entity or a subsidiary of a group of companies with an aggregated turnover exceeding A$1 million for each of the three financial years prior to your application submission
• Not be an entity or a subsidiary of a group of companies with more than a total of 20 full-time equivalent employees (FTE).

The program prioritises industries such as:

• Agriculture and agri-food, Resources,
• Defence and aerospace,
• Clean energy and waste,
• Medical and life sciences,
• Digital systems and software,
• International education,
• Visitor economy,
• Advanced manufacturing,
• Biotechnologies, and
• Digital technologies.

Eligible projects could include:

• Prototyping and piloting studies,
• Demonstrating the commercial viability of an innovative product or process to a customer or investor,
• Completing the development of an innovative product or process,
• Demonstrating a product or process in an operational environment.

Funding will only be provided to projects based on eligible expenditure that is non-recurring and directly related to the development and commercialisation of your product or process, including:

1. Wages, consultant fees, direct prototyping materials, equipment, and other direct costs such as patent filing and travel
2. Only costs of materials and labor directly used in your project from third-party sources are considered eligible.
3. It’s crucial that you understand the guidelines for eligible and ineligible expenses may be updated over time, but the rules in place when you apply will apply to your project if successful.
4. Attract and retain commercialisation activities in NSW.
5. Applications will be considered on a non-competitive basis against the eligibility and assessment criteria and will be assessed in the order in which they are received.

This is your chance to turn your innovative vision into reality and make your mark on the industries of the future. Ryan are experienced providers and we are here to support you every step of the way.

Services
Ryan can assist with services such as:

• Scope your potential to claim various grant programs
• Assist with the preparation and lodgement of grant applications
• Review or provide a health check on your internally prepared grant applications
• Establish record-keeping practices as required under various grant programs
• Keeping industry informed on all new Government policy and grant initiatives

Don’t hesitate to give us a call or schedule a free assessment.