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In Australia, there
are many ways you can get assistance without having
to worry about taking out major bank loans when
starting your exporting business. Export awards, and
grants are given out by the government's Export
Market Development Grants, or EMDG.
In order to
become eligible for these grants your business must
have spent A$10,000 in the previous two years, on
export funding, and have a yearly revenue of no more
than $50 million. This leaves a broad window of
opportunity for businesses that are just starting
out. The EMDG is a great way to get off the ground
and really initiate your exporting ventures. The
grants are operated by Austrade, the official
government trade organization of the Australian
government.
Once you have applied for a grant, you can choose
from several different promotional activities which
they'll give you money for. These include product
samples, overseas marketing, and even trade agents
working for you to find buyers. All of these, and
more, are available for a grant.
In addition to government grants, there is also the
chance of winning export awards from organizations
like the Australian Export Awards committee. This
group is represented by all of the states and
territories of Australia, and the awards are given
to companies who have shown dedication and success
in exporting.
Using both of these opportunities together, you can
end up with a generous amount of assistance getting
started. The government grants will get you off the
starting line, and with success you can receive
further assistance by being recognized for
representing Australian business with your company,
with export awards.
The United States, China, and Europe all have
similar programs in order to inspire business owners
to seek buyers on foreign soil. Exporting and trade
between nations builds solid relationships and a
level of trust, which all of these governments are
willing to reward by offering these financial
benefits in the form of export grants and export
awards. Question? Post it on the
Free Export INFO Blog |
Government Export Grants and Incentives
