Export grant funding for the registration of overseas intellectual property
Australia has an Export Marketing Development Grant (EMDG) scheme to support Australian enterprises trying to find overseas markets for their goods, services and intellectual property.
Over 4000 small and medium businesses access the EMDG each year, which is a fifty cents in the dollar cash reimbursement of their eligible overseas marketing and promotion expenses.
Apart from travel to markets, participation in overseas trade fairs, appointment of overseas representatives, provision of samples and foreign advertising, the EMDG covers all reasonable registration expenses associated with the initial registration and its renewal of overseas intellectual property up to a value of $50,000 per annum. Registration expenses include patents, designs, trademarks, trade secrets and copyright. All countries are covered except for Australia, New Zealand, Iran and North Korea. Defence of IP infringement costs are not covered.
Protection costs are eligible to the extent they are incurred for an approved promotional purpose and are undertaken for promoting increased export sales of the underlying IP. In other words, there must be an eligible product capable of being sold or licensed, or there must be a demonstrated intention to promote the eligible product in the export market.