The NSW government has some cash to splash at startups looking to develop their idea to Minimum Viable Product (MVP) status, but you need to hustle because applications for next financial year close on June 14.
The Jobs for NSW MVP grant is for startups looking to get from proof of concept/prototype stage to MVP.
It offers matched funding grant up to 50% of a project to a maximum of $25,000, and is primarily focused on scalable technology solutions.
Successful applicants receive 35% of the funding up-front and 65% after completion and validation of the MVP.
But to score the cash you’ll need to jump through a few hoops such as having a NSW-registered ABN or being based in the state and 80% of development costs will need to be in NSW too, and have a potential business customer or business channel to market
You’ll find the grant guidelines here.
If you want to know more about the MVP grant, email Jobs for NSW on email@example.com or call 1300 562 679.