News & Insights

Trade and Investment Queensland (TIQ) and the Department of Agriculture and Fisheries (DAF) have opened applications for grants of up to $10,000 (excluding GST) to businesses looking to establish a greater international e-commerce presence to drive online sales.  Applications close on 23 April 2021.

funding

Payment is split into two instalments:

1. The first payment of 70% (up to $7,000) upon execution of a Financial Incentive Agreements; and
2. The second payment of 30% (up to $3,000) upon the completion of agreed milestones, expenditure of the full value of the funding and the submission of a final report.

Funding may only be used to cover eligible costs including:

• online content development to facilitate an e-commerce presence,
• developing localised materials,
• localised advertising, and
• other costs associated with setting up e-commerce distribution channels.

eligibility

Applicants must be an existing exporter of a Queensland product and either:

• have an existing e-commerce presence they wish to expand or enhance; or
• re-engage with international markets following COVID-19; or
• finalise a new presence in an international market.

Successful applicants must:

• have an ABN and be registered for GST;
• have their headquarters in Queensland; that is the Principal Place of Business must be in Queensland;
• be a company, incorporated in Australia or an incorporated trustee on behalf of a trust;
• employ 200 or fewer full-time-equivalent employees;
• not be a subsidiary of a group of companies that have a total of 200 or more full-time-equivalent employees in total;
• be an existing exporter with a trading history of at least 12 months;
• not use another government grant for the project;
• produce and export Queensland products.

target markets

The program targets businesses exporting to a number of areas, including North America, Europe, and Asia.

For full details of the grant, including assessment criteria, please visit www.tiq.qld.gov.au or feel free to contact Mark Metzeling for more information or assistance.

The information contained in this article is general in nature and cannot be relied on as legal advice nor does it create an engagement. Please contact one of our lawyers listed above for advice about your specific situation.