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What grants can I get if I want to start exporting? |
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If you are looking at selling your goods and services overseas, The Export Market Development Grants (EMDG) scheme may be able to help you. The scheme is a financial assistance program for aspiring and current exporters and is run by Austrade.
The scheme aims to help you develop export markets and if you are elligable, the grant will be in the form of a 50% reimbursment of expenses incurred on eligible export promotional activities (less the first $15,000).
To access the scheme for the first time, you need to have spent $15,000 (first-time applicants can combine two years' expenses to meet this threshold) on eligible export promotion expenses - and the scheme supports a wide range products and services including inbound tourism and the export of intellectual property outside Australia.
In the 2004-05 financial year, $123.9 million and 3277 grants were paid to businesses under the EMDG scheme. For grants relating to the 2003-04 grant year (paid in 2004-05), the average grant was $37,145. Over three-quarters of businesses receiving EMDG reported annual income of $5 million or less. Applications for the 2005-05 grant year open on 1 July 2006 and close on 30 November 2006. |
