The Queensland Government has launched its Go Global Export Program aimed at helping small and medium-sized Queensland-based businesses enter international markets.

Run by Trade and Investment Queensland (TIQ), the program offers two levels of project funding – Micro Export Grants up to $5,000 (excluding GST) and Macro Export Grants up to $25,000 (excluding GST).

According to TIQ, ‘[t]he grant is available to support project costs that improve the ability of your business to export your goods/services or engage in international trade’.

eligible project costs include:

  • Export business advisory services and tools;
  • 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 – e.g., logistics involved in delivering the first export activity in a new market;
  • 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 (legal, accounting, financial) on contract negotiation, IP advice, counterfeit protection, attracting funding to scale up to meet demand.

Undertaking to go global and enter a new international marketplace is an opportunity for rapid growth, but it also comes with additional legal risk compared to domestic expansion.