Eligible business, which exports to a new market, can claim the EMDG, Export Market Development Grant, on 50% of its export promotion expenses in excess of AUD 15,000.
Qualified young entrepreneur may get a government subsidy on business coaching. NSW has a Young Entrepreneur Stepping Up Program for those aged between 18 and 35 who have operated in a small business for at least a year. If you need a mentor in Victoria, please contact us at finance@pktea.com
If your business turns over less than AUD 100 million a year and you invest on research and development, you may be eligible for a grant on 50% of your eligible project expenditures under Commercial Ready, a merit-based grant program supporting innovation and its commercialisation. Commercial Ready offers a grant from AUD 50,000 to AUD 5 million for each eligible project up to three years. You may split your application into three stages of development : Research & Development, Proof of Concept and Commercialisation, or apply for the whole project at one go. For details of the program, visit AusIndustry or contact us at finance@pktea.com for assistance.
Eligible business can claim up to 125% tax deduction on costs spent on research and development activities. Registration for the research and development activities must be submitted to AusIndustry within 10 month after the financial year-end. You then claim the tax concession in your corporate tax return.
Government grants of between $50,000 to $500,000 are available to eligible small businesses seeking IT skills development, training and mentoring. Applications close on 25 Sep 2009. For further information and consultancy, please contact pansykwan@pktea.com.
