“The Export Market Development Grants (EMDG) scheme is a key Australian Government financial assistance program for aspiring and current exporters. Administered by Austrade, the scheme supports a wide range of industry sectors and products, including inbound tourism and the export of intellectual property and know-how outside Australia.”
“The EMDG scheme:
- encourages small and medium sized Australian businesses to develop export markets
- reimburses up to 50% of eligible export promotion expenses above $5,000 provided that the total expenses are at least $10,000
- provides up to seven grants to each eligible applicant.”
The Export Market Development Grant (EMDG) supports companies (under $50M turnover) incurring expenses to grow their revenues internationally.
Companies conducting eligible international market development (excluding NZ, Iran & North Korea) are entitled to a 50% Federal Govt rebate capped at $150,000. A minimum of $10,000 in expenses applies, and the 50% rebate is calculated after deducting the non-grant threshold of $5,000.
This refund is a cash payment in two instalments. The first instalment is a guaranteed payment up to an annually set amount ($60,000 for 12-13 claims) while the second payment amount is subject to the availability of funds remaining in the pool allocated to Austrade by the Govt.
The ‘current’ legislation limits the number of grants to 8 claims (which do not need to be consecutive) – a concession applies to first-time applicants where expenses can be consolidated over a 2-year period. An amendment ( yet to be passed) proposes to change the number of claims that can be lodged to 5 years for USA, Canada and EU markets, and to 8 for all other countries. If passed, this will create some complexity in the apportionment of expense between various countries.
After the first two claims, future grant entitlements are performance based.