New Market Program – Australia

TIQ has established this program to help experienced exporters identify new opportunities in overseas markets they have not previously traded in, with the support of TIQ’s Queensland-based staff and international network of trade and investment commissioners and staff.

The NMP includes grant funding to support exporters to identify new markets, create new export outcomes and support TIQ’s purpose of driving global business opportunities that create jobs and prosperity across Queensland.

In this program, the focus will be on TIQ priority markets listed below:

• ASEAN
• China
• Europe and UK
• The Pacific
• Indonesia
• Japan
• Korea
• Latin America
• Middle East and North Africa
• North America
• South Asia
• Taiwan

While consideration for all markets and sectors remains open, applicants targeting India as an export destination will receive special consideration.

Program Objectives

• One of TIQ’s core objectives under the Trade and Investment Strategy is to grow the size and capability of Queensland’s cohort of export ready businesses and expand the markets exported through a structured program of grants.
• The objectives of the NMP are to:
  • promote economic and market expansion
  • help ambitious, capable Queensland businesses with an internationally competitive offering develop and grow into new markets by enhancing capability, providing market intelligence, accessing networks, and making valuable connections
  • create a pipeline for success for new export sales that will create additional employment across Queensland.
  • Support growth in emerging markets and sectors.

Funding Information

• Matched funding up to $25,000 (excluding GST) is available to support projects. If you are seeking a $25,000 grant, you will need to contribute at least $25,000 ex GST to the project, so that at acquittal time, you will be required to provide evidence of expenditure totalling $50,000+ ex GST.

Eligibility Criteria 

Only one application per funding round will be accepted per organisation. To be eligible to apply for the NMP, the applicant organisation must:

• have fully acquitted any NMP grant they have previously received from TIQ
• have an active Australian Business Number (ABN) and be registered for GST
• be headquartered in Queensland
• submit only one application per eligible business or financial beneficiary
• be a company, incorporated in Australia or be an incorporated trustee applying on behalf of a trust
• have no more than 200 full-time-equivalent employees and not be a subsidiary of a group of companies that has 200 or more full-time-equivalent employees in total
• be seeking to export to a new international market not previously exported to
• have a trading history of more than two years
• have a project capable of being completed and delivering export outcomes within 12 months
• provide evidence of your ability to meet the matched contribution of the project for each eligible project cost
• not use Commonwealth, State, Territory, or local government grants towards their 1:1 matched cash contribution
• produce and export Queensland products and/or services and not act as a consolidator or distributor of Queensland, other domestic or imported products.

For more information, visit Trade and Investment Queensland (TIQ).