Export market development grants (EMDG's) are a long running Federal Government program designed to assist new
exporters.They provide a grant of up to 50% of expenses incurred in
relation to launching and developing export markets, covering expenses such as:
Overseas
promotion and travel costs
Trade
fairs
Marketing
visits
Promotional
literature and advertising
Visits
from overseas buyer
Intellectual
property registration and insurance costs
The grants are available on the basis of
funds being spent and then claimed.There are a set of detailed criteria
for eligibility, mainly to prevent any rorting of the system, but any
Australian resident IP developer or manufacturer is very likely to be eligible.There are caps on the maximum and minimum amount that can be claimed, and
on the size of business ( turnover under $50 million).
As a bonus, in the first year you can
claim expenses back for the last two tax years, which could be a great head
start for any emerging exporter.
Intellectual property expenses which are
allowed include those which relate to registration of patents, trade marks,
designs, plant breeder’s rights, and copyright. It does not cover
expenses relating to Australia or New Zealand, but it does cover the costs of
seeking protection in other countries, including your Australian
attorney’s fees, official fees and foreign attorney costs.
For more information, contact us or go
to http://www.austrade.gov.au/What-Is-EMDG/default.aspx.
One
final tip – claims for the 2010/11 year are now open, and if you get in early, your claims will also be paid early.
Peter Franke
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