Bangers a smash for Gotzinger in Hong Kong
Expand to new markets
Let Trade and Investment Queensland’s global network help you to take advantage of opportunities in new overseas markets under the New Market Program.
As part of the activation of the Queensland Trade and Investment Strategy 2022-2032, the New Market Program incorporates a key objective to diversify opportunities in new international markets.
The Program is not only relevant to Queensland goods but is also highly suited to the professional services sector.
Matched funding grants of up to $10,000 (excluding GST) are available to cover costs associated with exploring a new export market opportunity, including market research, promotional materials, in-market representatives, and trade show attendance.
Application process
Applications are now CLOSED
Applicants will need to meet a range of criteria and be pre-qualified.
Queensland-based Trade Advisors and international Business Development Managers will assist applicants to identify the activities to be funded and create a Client Action Plan. The plan will set out the key areas of focus and agreed activities, and be uploaded to the application form.
How to apply
Read the New Market Program Application Guide for detailed guidance on addressing the Assessment Criteria.
Read the New Market Program Guidelines.
Apply online via the portal.
(Opens 25th March, closes 1pm Friday 19th April)
Key details
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Key Terms Glossary
Term | Definition |
Acquittal | Proving that grant funds have been spent in line with the Program Guidelines, and all relevant invoices and proof of payment for eligible expenditure has been supplied. |
Administering entity | When an entity that is not responsible for the policy, is responsible for the administration of part or all the grant administration processes. |
Assessment criteria | The specified principles or standards, against which applications will be scored. These criteria are also used to assess the merits of proposals and, in the case of a competitive grant opportunity, to determine application rankings. |
Assessment Panel | The government officers with relevant experience appointed to score applications against the assessment criteria and compare against other applications to determine the order of merit. |
Client Manager | Market and industry specialists at TIQ that work with business seeking to export and/or facilitate foreign investment. |
Competitive, merit-based assessment | The method used to select potential grantees. This process involves assessment of applications against the eligibility and assessment criteria, and comparative assessment of applications against each other. |
Eligibility criteria | The mandatory criteria at Section 8 which must be met to qualify for a grant. |
Eligible entity | An organisation that meets criteria at Section 6 as decided by the Program Delegate. |
Export-experienced | An organisation that is currently exporting to other international markets, or has exported to other international markets in the past five years. |
Financial Incentive Agreement | The legally binding contract with the Queensland Government that both parties enter stating each parties’ terms and conditions. |
Free Trade Agreement (FTA) | An international treaty between two or more economies that reduces or eliminates certain barriers to trade in goods and/or services, as well as investment. Australia negotiates FTAs to benefit Australian exporters, importers, producers and investors by reducing and eliminating certain barriers to international trade and investment. |
Grant activity/project | Refers to the project/tasks/services that the grantee is required to undertake as decided by the Program Delegate. |
Grantee | The organisation which has been selected to receive a grant. |
Headquartered in QLD | Applicant must have a Queensland address as a principal place of business as listed on the Australian Business Register. |
Letter of Offer | A formal notification to an applicant organisation advising they are successful and providing the Agreement package of documents to issue grant funding. |
Matched funding | Applicant organisations must be able to match dollar-for-dollar the grant funding amount requested with their own cash contribution. No in-kind or non-cash contributions will be accepted as matched funding. |
New market | A market that the applicant has not completed a business-to-business (B2B) commercial sale to in the five years prior to applications opening. |
Order of merit | The ranking system used to determine applicants suitable for funding. |
Program Delegate | A Senior Officer within Trade and Investment Queensland with responsibility for the Program. The Program Delegate has responsibility for exercising all powers, taking all necessary decisions, and carrying out all necessary functions in relation to the administration of the Program in accordance with the Treasury Handbook. |
Program objectives | The specific achievements that contribute towards the grant opportunity – to finalise a business-to-business sale into a new international market. |
Program intended outcomes | The expected attributes to be gained from executing the grant activity – increase knowledge, create a pipeline and grow Queensland businesses globally. |
Queensland Trade and Investment Strategy 2022-2032 | The Queensland Governments strategy to evolve Queensland’s established economic strengths and grow new industries, create additional jobs and deliver greater economic benefits for Queensland. |
Queensland Treasury Financial Accountability Handbook | Provides guidance and framework for accountable officers and statutory bodies to discharge their obligations under the Financial Accountability Act 2009, the Financial and Performance Management Standard 2019, and the Financial Accountability Regulations 2019. |
Small and medium-sized enterprise (SME) | An organisation with no more than 200 full-time equivalent employees, including employees of any parent and/or subsidiary company. |
Is your business ready to unlock global markets? Learn more about your future export success through TIQ.
Whether you are an experienced exporter looking to expand your global footprint or a new exporter starting your journey, TIQ can help you scale your business internationally.