Well, sort of. We have spent some time sifting through government-sponsored schemes designed to support businesses and we thought you might find it useful to find out about a couple of initiatives that could benefit you:
- The government has launched a Business Events Grants program designed to support the conference and events industry, which took a major hit during the pandemic. They are offering between $5,000 and $250,000 of funding to cover up to 50 per cent of costs incurred in participating at pre-approved business to business events as buyers or sellers during the 2021 calendar year. Check out their approved list of events.
The costs they will match fund include: registration fees, travel, accommodation, marketing, exhibiting and sponsorship costs. If you are interested in attending one of the events on their approved list, applying for this grant is a ‘no-brainer’. Deadline for applications: 30 June 2021 (or before if they run out of cash).
- Export Market Development Grants (EMDG) Export Market Development Grants reimburse promotional expenses for exporters aiming to increase their international sales. What do you get? 50% of promotional expenses to a maximum of $150,000. The grant can cover expenses such as: overseas representation expenses, marketing consultant expenses, trade fairs, promotional and advertising expenses and costs associated with the registration and protection of IP. Applications open on 1 July each year.
- Innovation Connections. This scheme helps businesses to understand their research needs, connect with the research sector and fund collaborative research projects. Who is this for? Businesses in one of the following growth sectors: advanced manufacturing, food and agribusiness, medical technologies and pharmaceuticals, mining equipment, technology and services and oil, gas and energy resources. Additionally, businesses that provide enabling technologies and services to the above growth sectors are also eligible to apply. Turnover needs to be within the $1.5 million and $100 million bracket.
Of course there is no such thing as a free lunch and we’d hazard that there are a fair few administrative hoops to jump through before you get anywhere near the funding. Having said this, if you know where you are headed and what you want to achieve, you will know if any of these support schemes are worth your while – and filling in the forms will be a lot easier too. Need some help in brainstorming your future or building upon your existing strategy? Just get in touch and we’ll let you know how we could help.