Asian Century business grants open

From 22 March, small businesses can apply for Asian Century business grants, which promises to help member-based business organisations fund trade missions, market research and other innovative activities. Member-based organisations are defined as businesses who are members of a chamber of commerce and industry, business council or peak industry association.

These grants, announced as part of the Federal Government's Asian Century Business Engagement Plan to help SMEs sell into the Asian market, range from $20,000 to $300,000. Grants are capped at $1.5 million per year. Successful applicants will receive the grants from 1 July 2013 onwards.

Some objectives of the plan include:

  • Increasing access to in-market business networks
  • Building new relationships with potential business contacts in Asia
  • Identifying more business opportunities in regional value chains

The plan will fund up to 50 per cent of the total cost of a project aimed at achieving the above goals (applicants must fund the remaining 50 per cent themselves). Projects will be funded for one to three financial years. Some activities that are not eligible for funding include activities that provide a significant commercial benefit to the recipient, capital expenditure on real estate or purchase of equipment, and development assistance activity.

Expressions of interest are now open (not mandatory) and applicants are invited to apply here . Applications open on 22 March and close on 26 April.

Connect with us to receive updates throughout the day:

Like us on Facebok Follow us on Twitter

Dun and Bradstreet AustraliaTop of page Dun & Bradstreet Australia Pty Ltd 2015 | D&B Small Business    *About Us    *Sitemap    *Advertise    *Privacy    *Terms & Conditions