Planning to take your business global for the first time or expand your current exports? Read on to find out how the Export Market Development Grant can help you scale up your overseas marketing activities.
The Export Market Development Grant (EMDG) aims to support Australian SMEs to expand Australian products and services to foreign markets by providing funding for promotional activities and development of marketing skills.
What are the eligibility criteria?
Applicants must:
— Have a turnover of less than $20 million in the prior financial year.
— Be exporting or ready to export eligible goods, services, events, IP or know-how, and/or software that is of substantially Australian origin.
— Be intending to incur eligible expenditure on promotional activities undertaken for the purpose of marketing eligible products overseas (excluding New Zealand).
— Be able to match the grant amount awarded at least on a 1:1 basis.
Important to note:
The EMDG program is an eligibility-based program, which means that all eligible applicants will receive a grant from the available funding pool ($157.9 million per year).
This means the grant amount an applicant receives depends on the number of eligible applications in the grant round and the available program budget to be shared amongst all eligible applicants.
What funding is available?
The program offers three different funding tiers based on an applicant’s export-maturity:
| Tier 1 | Are ready to export in the grant year and have not previously exported | $40,000 |
| Tier 2 | Are exporting eligible products and are seeking to expand their export
promotion activity for eligible products |
$80,000 |
| Tier 3 | Are exporting eligible products and are ready to make a strategic shift in the marketing of eligible products in a foreign country | $150,000 |
Applications will open on 15 March 2023 and close at 4pm on 14 April 2023.
Contact us to learn more about EMDG and how we can help:
Berrin Daricili
Principal, R&D Incentives & Grants
T: (03) 9824 8555
E: berrin.daricili@williambuck.com
W: williambuck.com