There’s a week left for NSW-based startups to apply for MVP funding worth up to $25,000

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There’s a week left for NSW-based startups to apply for MVP funding worth up to $25,000

Simon Thomsen - June 6, 2019 < 1 MIN READ

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 protected] or call 1300 562 679.

Simon Thomsen

Simon has been editor of Startup Daily since 2019.

He hosted the Startup Daily show on streaming service ausbiz.com.au from 2020 to 2023.

He was previously associate editor of Business Insider Australia, a national restaurant critic, editor of The Good Food Guide, and newspaper proprietor during a 30-year career in journalism and publishing.

He's also an investor in early stage startups.

Simon chaired the environment committee of industry lobby group Australian Business Ltd's (now NSW Business Chamber) during the Kyoto agreement era, debating cow farts with mining execs.