Deadline: 16-Sep-22
Applications are now open for the Global Expansion Program (GEP) to provide up to $50,000 per company, to support high-growth, export-ready South Australian businesses to build their export capability and capacity and become the state’s next global leaders.
The Department for Trade and Investment (DTI) is administering the Program on behalf of the South Australian Government.
- The Program will target those South Australian businesses that:
- Are experiencing strong growth
- Have a realised product or service market fit; and
- Are positioned to embark on a ‘growth through export’ pathway or expand to additional markets.
Objectives
- The objectives of the Program are to:
- Assist South Australian companies to accelerate exports in current and/or new markets to deliver a significant increase in export sales for South Australia
- Increase the number of South Australian companies exporting higher value export products and services
- Increase the number of South Australian companies pursuing high growth through persistent and sustainable export strategies
- Increase access and utilisation of a suite of export services by South Australian companies
- Be a complementary program, not a duplication of other export support programs available in South Australia.
Key features
- Providing a participant selection process to maximise likelihood of success
- Matching flexible and bespoke services and support with individual companies
- Delivering a hybrid model of government and external provider support.
Funding Information
- Up to $50,000 per participant will be available as grants over the next four years from 2020-21 until 2023-24.
- The grant monies must be spent within 12 months of the date of the execution of a deed of grant. A successful final Program participant as a grantee can only receive the grant once for the purpose of delivering their 12-month action plan approved by DTI.
Eligibility Criteria
- Business information, including ABN, business trading name, industry sector, the number of full-time employees (FTEs), current total turnover and export turnover, growth history (e.g. recent growth in revenue/FTEs), etc., is a mandatory criteria section, where all information required must be provided to be eligible to participate in the Program. The applicant must have an ABN and must be established and generating revenue for 36 or more months in South Australia. There is no minimum turnover or FTE requirement.
- Eligible companies also need to demonstrate they are in one of the following three stages of export maturity:
- Infrequent exporter – sporadic or opportunistic export history with a lack of strategy, plan and execution capability and capacity.
- New market entrant – exporting well in existing market(s) but have clear specialised barriers to entry in new market(s).
- In-country focus – exporters that lack the in-country partnerships, expertise and knowledge. Applicants are not required to provide a funding contribution.
For more information, visit https://connectplus.sa.gov.au/programs/global-expansion-program