The TIQ go global export program has great news for SMEs in QLD

There is fantastic news for Queensland SMEs!

Annastacia Palaszczuk, Queensland Premier and Minister for Trade launched the Trade and Investment Queensland (‘TIQ’) Go Global Export Program on Thursday 6 Feb 2020.

What does this mean for you?

The Go Global Export Program makes $1 million in grants available to Queensland-based small and medium-sized enterprises (‘SMEs’) who are looking to enter a new international market.

TIQ will provide two level project funding, Micro Export Grants up to $5,000 (excl. GST) and Macro Export Grants up to $25,000 (excl. GST).

What are the eligible project costs?

  • 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.

When can you apply?

Applications commenced on 6 February 2020 and closes at 1.00pm on 30 May 2020.

These funds could significantly assist your business growth — but the challenge is knowing where to look and how to apply.

If you are interested in this opportunity, please reach out to us via our contact details below:

John Driscolljohnd@primefinancial.com.au

Sean Finchamseanf@primefinancial.com.au

This information has been prepared by Primestock Securities Limited ABN 67 089 676 068, AFSL 239180 (‘Prime’) . Prime accepts no obligation to correct or update the information or opinions in it. This information does not take into account your objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate to your situation. It is recommended that you obtain financial, legal and taxation advice before making any financial investment decision. Prime is bound by the Australian Privacy Principles for the handling of personal information.

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