Thinking of competing with Ferragamo in Florence? Or DKNY in NY?
Then make sure you apply for the government's Export Market
Development Grant (EMDG) to get cash to sell your stash
What is EMDG?
A government grant administered by Austrade , the EMDG aims to
encourage the export of Australian business. Open to a wide range
of industries, the grant will reimburse up to 50% of your eligible
promotion expenses, such as travel, consultant fees, advertising,
registering intellectual property, participating in trade fairs and
the supply of samples.
The EMDG scheme will provide up to 8 grants to each successful
applicant. You are eligible to apply for the EMDG if you have, in
relation to an 'eligible product':
received income of no more than $50 million in the grant
incurred at least $15,000 of eligible promotional expenses;
principal status for the export business.
The definition of an 'eligible product' is broad, and
includes a product made in Australia; a product made overseas but
Australia will derive a significant benefit from its sale overseas;
intellectual property that mainly resulted from work done in
Australia (such as designs); and a trade mark that was owned or
first used in Australia (such as your brand name).
Get your financial statements ready as applications for the 2015
- 2016 grant year open on 1 July 2016 and must be submitted online
through the Austrade website. Be on time, as late applications
won't be accepted. And fashion waits for no - one.
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PNG has domestic arbitration legislation, but does not provide for the enforcement of foreign arbitral awards.
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