NSW Government Awards $1M+ to 22 Sydney Startups and Small Businesses

The Minns Labor Government will give 22 NSW startups and small businesses a share of more than $1 million in funding under the second round of the 2025-26 MVP Ventures Program according to the report. The funding helps turn innovative ideas into jobs investment and economic growth.

The latest funding round backs NSW innovators developing practical solutions to some of the states biggest challenges including housing affordability advanced manufacturing clean energy and health. The projects demonstrate the depth and diversity of innovation across NSW with successful applicants including businesses that are developing modular and low-cost housing solutions for regional communities new clean energy and wastewater technologies for industry and advanced manufacturing innovations that improve safety and productivity.

By supporting businesses to move beyond the prototype stage and into commercialisation the MVP Ventures Program helps ensure ideas developed in NSW deliver economic benefits for NSW. The program provides targeted funding to help startups and small businesses bridge the critical gap between research and commercial success accelerating their path to market and helping them attract investment.

Round two MVP grant recipients include Aquacultr Group advancing a non-invasive ultrasonic technology aimed at reducing stress in fish helping them stay healthier and perform better in aquaculture environments such as fish farms. EClass Outboards is a clean technology startup developing an electric retrofit kit for petrol-powered jet skis to support the transition to lower-emissions marine transport. 14modular is an advanced manufacturing business applying lean manufacturing and industrialised construction to deliver high-quality modular housing at scale faster more efficiently and at ever-lower prices. DermR Health is a medical technology company developing a less invasive way to diagnose skin cancer through its DermR Patch microneedle technology and companion molecular diagnostic test.

Applications for round three of the 2025-26 MVP Ventures Program are currently being assessed with recipients expected to be announced later this year. This is part of the Minns Labor Governments plan to build a better NSW by creating more jobs and increasing productivity across the states economy. The Minns Labor Government is committed to ensuring businesses and communities across metropolitan and regional NSW can share in those opportunities.

Sources: sydneytimes.net.au.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.