What is the Go Global Export Program?
The Go Global Export Program is a grant that provides small to medium businesses with matched funding to help them export to international markets.
When working with a new international market, there can be barriers to finalising export sales. Whilst significant support is available along a company’s export journey in terms of market awareness, planning and preparation, there is a funding gap for finalising an export arrangement.
Funding will be available to SMEs to achieve their export ambitions and support TIQ’s purpose of driving global business opportunities that create jobs and prosperity across Queensland.
The Go Global Export Program aims to:
- set up businesses across Queensland for ongoing export success
- assist export-ready companies in overcoming the challenges arising from executing an existing export transaction in a foreign market
- create a pathway for success for new export sales that will create additional employment across Queensland.
There are 2 funding streams:
- Micro Export Grants: $2,500–$5,000 (excluding GST) for projects of up to 12 months duration.
- Macro Export Grants: $5,001–$25,000 (excluding GST) for projects of up to 12 months duration.
The grant is available to support project costs that improve the ability of your business to export your goods/services or engage in International trade. It is not intended to support fixes for problems that are part of ordinary, everyday operations of your business.
Eligible project costs are specific to this project and include (but are not limited to):
- Export business advisory services and tools
- market entry requirements – registrations, documentation and compliance
- professional advice (accounting, financial, legal) on contract negotiation, IP advice, counterfeit protection, attracting funding to scale up to meet demand
- Costs of product testing and redesign, packaging and labelling required to meet an export market requirement.
- Support to gain export accreditation and Free Trade Agreement documents (expenses incurred to gain various export related accreditation for, but not limited, to Good Manufacturing Practice, Hazard Analysis Critical Control Point or Halal accreditation.
- Cost of a trial export program – eg logistics involved in delivering the first export activity in a new market (product samples or trial shipment with no commercial outcome – higher cost for smaller sample/trial with no return on investment).
- Costs associated with product approvals, installation, training, operations and maintenance required for a new client/market (travel is only accepted for these defined activities and not any business development purpose).
- Professional advice (accounting, financial, legal) on contract negotiation, IP advice, counterfeit protection, attracting funding to scale up to meet demand.
Applicant SMEs must:
- have a valid Australian Business Number (ABN) and be registered for GST
- be headquartered in Queensland – meaning the Australian Business Register must designate that the organisation’s Principle Place of Business is in Queensland. We will use the Australian Business Register website to verify the applicant’s ABN details.
- be a company, incorporated in Australia or be an incorporated trustee applying on behalf of a trust
- have no more than 200 full-time equivalent employees
- not be a subsidiary of a group of companies that has 200 or more full-time equivalent employees in total
- have a specific project requiring funding to finalise a sale into a new international market that is capable of being completed within 12 months
- be pre-qualified by TIQ as export-ready (do not need to be currently exporting)
- have the buyer pre-qualified as a buyer via TIQ
- have documented proof of proposed sale for the export of goods or services (into a new market)
- provide a 1:1 matched cash contribution to the project for Eligible Project Costs (refer to Guidelines – Funding Conditions)
- not use Commonwealth, State, Territory or local government grants towards their 1:1 matched cash contribution
- not have received a Go Global Export Program grant in the same financial year
- not be receiving any other government funding for the project.
Applications close 29 May 2020.