What is the Export Market Development Grant (EMDG)
If you are Australian exporters or expanding your Australian businesses globally, you should check out the Export Market Development Grant (EMDG). The EMDG is an Australian Government financial assistance program for exporting across a wide range of industry sectors and products, including inbound tourism and the export of intellectual property and know-how outside Australia.
This EMDG scheme aims to encourage Australian SMEs to develop export markets by reimbursing up to 50% of their eligible export promotion expenses, provided that the total expenses are at least $15,000.
For example, if you spend $105,000 on export marketing a year, you will be reimbursed with a grant of as much as $50,000, equalling to 50% of (total eligible expenses of $105,000 – $5,000 non-reimbursable threshold amount). The maximum grant for an eligible applicant is $150,000, subject to funds available in the scheme.
SO WHAT CAN BE CLAIMED UNDER THE EXPORT MARKET DEVELOPMENT GRANT (EMDG)?
- overseas representation expenses
- marketing consultant expenses
- marketing visits expenses
- free samples expenses
- trade fairs, seminars, in-store promotions expenses
- promotional literature and advertising expenses
- overseas buyers expenses
- registration and/or insurance of eligible intellectual property expenses.
Furthermore, this scheme provides up to eight (8) annual grants to each eligible applicant. However, from your third grant onwards, it is necessary for you to satisfy the requirements of an EMDG performance measure in order to receive subsequent grants.
Export Market Development Grants (EMDG) applications for the 2015-16 grant year are open from 1 July 2016.
KEY FACTS ABOUT THE EXPORT MARKET DEVELOPMENT GRANT (EMDG)
The annual EMDG budget is $137.9million.
In the 2015-16 financial year:
If you feel that this may be something for you, why not contact Techwitty now. We are happy to provide you with free consultation on your EMDG eligibility and our consultants can also help you to lodge your application before the due date of 30th of November 2016.
Updated: Oct 2016