The scheme is administered by Austrade and operates as an incentive for businesses that promote and export goods internationally. Recipients are required to spend their own funds first before applying for reimbursement from the government.
Small and medium sizes enterprises can be reimbursed up to 50% of eligible expenses capped at $150,000 per annum.
The European Union (EU) offers funding for research and development (R&D) performed by businesses under its 'Horizon 2020' program. The aim of the grant is to encourage the development of new or improved technologies, products, processes and solutions.
Female founders of startup businesses can receive funding ranging from $25,000 and $480,000 to launch and scale their businesses into domestic and global markets.
Commercialisation Guidance can provide your business with expert advice to kickstart the process of getting your novel product or service to market. Up to $1 million of matched project funding can then be provided for eligible applications.
Promising startups can be supported with the funds needed to progress from proof of concept stage to a minimum viable product through this grant.
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