Grants for SMEs to access Asian markets

Round two of the Access Asia Business Grants Program has opened, offering Western Australian small to medium sized enterprises (SME) and business associations wanting to enter key Asian markets an opportunity to access a total of $200,000 in grants.

Under the program, Asian Engagement Minister Peter Tinley is providing allocation for up to 20 grants to support Western Australian businesses and organisations seeking to grow trade with key Asian markets and to build and maintain competitiveness.

The grants can be applied to help WA-owned and operated SMEs and organisations engage in activities such as adopting new business models to expand market share, scoping new supply or value chains, developing export plans that manage COVID-19 implications and accessing new Asian markets or sectors.

As well as SMEs, grants are open to industry associations and Asian business councils to support their business efforts in Asia, including key markets such as China, India, Indonesia, Japan, Malaysia, Vietnam and Singapore.

To be eligible, businesses must be working in one of the priority sectors identified in Diversify WA – the State Government’s economic development framework, which includes Energy; Tourism, Events and Creative Industries; International Education; Mining and Mining Equipment, Technology and Services; Technology and Advanced Manufacturing; Primary Industries; Health; Defence; and Science and Innovation.

Expressions of Interest for round two of Access Asia Business Grants opened on October 12 and close October 23. This second round of the program was initially opened in late February and postponed because of COVID-19.

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