The Global Expansion Program (GEP) is a $2.28 million funding program delivered over four years to 30 June 2024.
No co-contribution from the participants will be required as it is assumed that the participants have made and are making, significant investments into export expansion already.
A key feature of the Program is that bespoke export services and support are delivered by service providers selected by grant recipients as part of the program funding. The services are matched to the specific needs of individual participating companies identified by free business reviews to be undertaken as part of the Program.
The Program will have three separate rounds as part of each cohort, and each round is structured in three stages:
- Expression of interest (EOI) application
- Free business reviews to identify impediments to export growth
- Grant funding to address the impediments with bespoke services.
To be eligible to participate in the Program, the applicant must have an ABN and be established and generating revenue for 36 or more months in South Australia. Although there is no minimum turnover or FTE requirement, the applicant must demonstrate that it falls under one of the State Government’s priority sectors:
- Creative industries
- Defence industries
- Energy and mining
- Food, wine and agribusiness
- Health and medical industries
- International education
- Space industries
Additionally, the applicant is required to provide information on its growth history, in terms of recent growth in revenues/employees, as well as evidence of historic and current export endeavours to be eligible for the Program.
DTI will categorise eligible companies into the following three stages of export maturity to assess their EOI applications separately:
- Infrequent exporter: Lacking an export strategy, a plan or execution capability and capacity
- New market entrant: exporting well in existing markets but have clear specialised barriers to entry in new markets (e.g. regulations/taxes etc.)
- In-country focus: lacking the in-country partnerships, expertise and knowledge.
- EOI applications open Monday 8 August 2022
- EOI applications close Friday 16 September 2022
- Grant funding awarded to cohort 3 Early 2023
Following the EOI closing date, the Department for Trade and Investment will assess all applications before developing a shortlist of up to 20 businesses who will receive a free business review, to identify or confirm each company’s impediments to export growth.
Up to 10 companies will receive grant funding as cohort 3 in early 2023.
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