If you’re an aspiring Australian exporter, you should be aware of the EMDG and what it offers. If not, don’t worry – it’s never too late to utilise and benefit from the Export Market Development Grant. With the 2017/18 EMDG deadline just around the corner (30 November 2018), it’s time to seek the help from the team at Techwitty and find out just what you could be entitled to.

Learn How to Claim an Export Market Development Grant with our Free Guide

Got a few questions? You’re not alone.

What exactly is the EMDG?

The Export Market Development Grant (EMDG) is a financial assistance scheme run by the Australian Government (and administered by Austrade) to encourage SMEs to export their products. The scheme works by reimbursing eligible businesses up to 50 per cent on all expenses relating to developing overseas markets.

How do I know if my business is eligible?

Businesses who already have a presence abroad and aspiring exporters are invited to apply for the EMDG.

To be eligible, your business must:

  • Have an income of less than $50 million in the grant year.
  • Spend at least $15,000 of eligible export expenses under the scheme. Note, first-time applicants can combine two years’ expenses to meet the threshold.
  • Own the product being promoted, instead of being the agent.
  • Promote the product for export.

Don’t miss out on the opportunity to receive reimbursements on your export expenses.

What can I claim under the EMDG and how many times can I claim?

There are eight categories of promotional activities that applicants can claim under. These expenses include:

  1. Overseas representatives (maximum expenses of $200,000).
  2. Marketing consultants (maximum expenses of $50,000).
  3. Marketing visits (expenses up to $300 per day).
  4. Overseas buyers (costs relating to bringing potential buyers to Australia for approved export promotion purpose up to $45,000 per EMDG application.
  5. IP registration and related insurance (maximum expenses of $50,000 per application).
  6. Free samples.
  7. Promotional literature and advertising.
  8. Trade fairs and seminars.

Ineligible expenses include:

  • Those related to trade with North Korea or New Zealand.
  • Expenses incurred for product development, distribution or production.
  • Those that are related to illegal or fraudulent activity.

Eligible businesses can obtain up to eight grants (one per financial year).

How can I apply for the EMDG?

Businesses must complete and lodge the online application between 1 July 2018 to 30 November 2018. To complete the form you must hold, or apply for, an AUSkey from the AUSkey website. The EMDG form requires relevant documents relating to your business, such as financial statements, which help explain what your product is and the expenses you are claiming for.

How can Techwitty help?

Thankfully, there’s no need to feel overwhelmed by the EMDG paperwork. Here at Techwitty, we’re experts in the field of EMDG grants and have helped a number of businesses receive the reimbursements they deserve.

Just take Australian online fashion retailer Showpo, for example. After coming to us to find out more about the grant they could receive, we helped determine their eligibility, audit their marketing spend and identify relevant export expenses, just in time for the EMDG deadline. The team at Showpo were successful in their application and loved that everything important was taken care of, with nothing to pay unless successful!

To find out how we can make your application a success like Showpo, get in touch with the team at Techwitty today.

Assess Your Eligibility for the Grant Now