A total of $3 million has been allocated each year for the next four years, with individual grants of between $25,000 to $50,000 available to successful recipients.<\/p>\n\n\n\n
Minister for Innovation, Science and Technology Anoulack Chanthivong said the program is designed to help move projects along the Technology Readiness Level scale to help them attract large-scale private investment.<\/p>\n\n\n\n
\u201cWe know this program provides important targeted support to businesses ready to take the next step in their commercialisation journey,\u201d Mr Chanthivong said.<\/p>\n\n\n\n
\u201cOur main objective through this program is to help increase commercialisation in NSW to ensure we both attract and retain this entrepreneurial activity in the state for years to come.<\/p>\n\n\n\n
Since resuming the program 24 previously submitted applications have been approved, with $1.8 million in funding now available for the remainder of the financial year.<\/p>\n\n\n\n
Mr Chanthivong said MVP Venture applicants will benefit from increased certainty of when an outcome will be determined, through a revised application process.<\/p>\n\n\n\n
\u201cA new two-stage application process now starts with a simplified EOI application, with applicants hearing back on their eligibility within 15 days of submission. For those deemed eligible through the EOI, further information will be sought, with a 30-business day assessment of their final detailed application.<\/p>\n\n\n\n
Applications will be assessed in the order in which they are received.<\/p>\n\n\n\n
\u201cI encourage all eligible businesses to review the program guidelines if they haven\u2019t already and submit an expression of interest in a timely manner,\u201d Mr Chanthivong said.<\/p>\n\n\n\n
Co-Founder of climate tech start-up Farmed Carbon and recent MVP Ventures Program grant recipient Stuart Grover said the program will help his business commercialise and allow it to continue developing its innovative technology.<\/p>\n\n\n\n
\u201cOne of the biggest challenges we\u2019re facing as a business is figuring out how we can commercialise our sustainable products such as our carbon negative concrete. This support will give us the kick-start we need to take the next step,\u201d Mr Grover said.<\/p>\n\n\n\n
To download the program guidelines and to submit an expression of interest application please visit www.investment.nsw.gov.au\/grants-and-rebates\/mvp-venturesExternal Link launch<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Applications are now open for the 2023\/24 MVP Ventures Program, which offers grants to early stage startups and small and medium enterprises to drive the commercialisation of new and highly innovative products or processes in NSW. A total of $3 million has been allocated each year for the next four years, with individual grants of … Continue reading “MVP Ventures Program applications now open”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24391","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=24391"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24391\/revisions"}],"predecessor-version":[{"id":24392,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24391\/revisions\/24392"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=24391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=24391"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=24391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}