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ARTICLE · 27 FEBRUARY 2009

Export Market Development Grants

Norton Rose Fulbright Australia
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Australian based franchisors with international operations may be able to partially recover the cost of IP protection under a recent amendment to the Export Market Development Grants scheme from 1 July 2009.

AustraliaCorporate/Commercial Law
Marshall Bromwich
Marshall Bromwich
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Australian based franchisors with international operations may be able to partially recover the cost of IP protection under a recent amendment to the Export Market Development Grants (EMDG) scheme from 1 July 2009.

The EMDG scheme is a financial assistance program for aspiring and current exporters that is administered by Austrade. The scheme supports a wide range of industry sectors and products, including the export of intellectual property and know-how outside Australia.

As a result of recent changes, eligible recipients may now apply to recover the cost of granting, registering or extending rights under foreign laws in relation to eligible intellectual property, as well as the cost of obtaining insurance to protect these rights. Up to 50% of eligible export promotion expenses above $10,000 may be reimbursed under the scheme.

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