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Minimum Viable product explainer. NSW based grant for startups.

Minimum Viable Product

What is it?

Minimum Viable Product (MVP) is a NSW based competitive grant funding programme for start-ups and SMEs. The MVP programme is focused on the development of an innovative technological solution to the stage where basic functionality can be demonstrated to a potential customer, end-user or channel to market. Your product or service must be ultimately for sale to multiple customers, rather than being developed for in-house purposes. B2B and B2B2C solutions are eligible. B2B2C solutions are eligible if there is a business, industry group, aggregator or representative organisation/club, interfaced between the applicant business and the end customer that can validate your MVP.
 

How much?

Up to $25,000, 50% of approved project cost.
 

Who is eligible?

  • Have an ABN registered in NSW and be based in NSW.
  • The business entity must be at pre-revenue stage.
  • Have a completed proof of concept (e.g. customer interviews, surveys, or focus groups).
  • Have a potential business customer (B2B) or business channel to market (B2C).
  • Have a scalable solution that can be deployed to multiple customers.
  • Hold IP or the rights to commercialise.
  • Demonstrate that 80% of development costs will occur in NSW.
  • Demonstrate adequate matched funding has been secured for the project.

 
This grant is available year round, and assessment criteria are available here from the NSW government website.
To learn more about key touch points for the Minimum Viable Product grant, download our free guide.