Queensland SMEs have until the end of this month to apply for an Export Market Development Grant (EMDG) to help cover the cost of promoting their products in export markets.
Run by Austrade, the EMDG program reimburses small and medium-sized Australian businesses with up to 50% of eligible export promotion expenses.
It is open to aspiring and current exporters from a wide range of industries.
Austrade is now accepting applications for reimbursement of funds spent in the 2017–2018 financial year.
- have an income of less than $50 million for the year
- have spent at least $15,000 on export promotion in the year.
Successful applicants can receive up to 50% reimbursement of eligible expenses, less the first $5,000, with a maximum grant of $150,000 per application.
Eligible export promotion expenses include the costs of:
- overseas representation
- marketing visits
- trade fairs, seminars and in-store promotions
- promotional literature and advertising
- registration and insurance of eligible intellectual property.
Some expenses and export markets are excluded from the program, and potential applicants should check their eligibility before applying.
In 2016–17, more than 3,000 Australian businesses received EMDG funds totalling $131.4 million.
Applications for this year’s funding close 30 November 2018.
For further advice on promoting your product in export markets, connect with TIQ.