Cheat sheet: Take your business global with $770,000 worth of export grants
The federal government’s Export Market Development Grants (EMDG) were overhauled for the 2021 financial year, with the model changing from a reimbursement program to a grants scheme.
The major change was announced in the October 2020 budget when the federal government revealed it would inject about $230 million into revamping the scheme.
In a similar vein to the previous program, the new grants-based scheme will encourage Australian SMEs to undertake export activities for goods, services, IP and software activities in overseas markets.
The difference, however, is that companies will be able to access a total of $770,000 in funding, over an eight year period.