Funding for WA agrifood business to help rebuild existing Asian markets disrupted by COVID-19

The International Competitiveness Co-Investment Fund provides funding to existing agribusiness exporters to support them through the COVID-19 pandemic and to help them maintain and further develop their business relationships with existing and new customers.

Overview

The funding may be used for projects which:

Contribute to building

• new or improved value or supply chains into high growth premium markets in Asia
• market share previously developed but impacted by COVID-19
• new business models or closely aligned value chains that increase the international competitiveness for WA agrifood businesses

Develop innovative ways to engage with Asian markets, customers, and consumers on virtual or online platforms

• development of promotional materials, e-commerce, websites, branding, translations, digital marketing programs
• market visits and attendance/participation at trade shows with the specific purpose of business development and connecting with buyers and undertaking competitor analysis
• development of business cases and research into export market development

Applicants must provide a minimum cash contribution of at least 1 dollar for every 2 dollars (1:2) of grant funding received.

What are the eligibility criteria?

To be eligible, you must:

• be an existing exporter of food and beverage related goods or services to Asia
• be a GST registered, Australian based legal entity with an Australian business number (ABN)
• demonstrate that the project will result in direct economic benefit to regional WA
• be capable of entering into a legally binding agreement with the Western Australian Government
• have been in operation for more than 2 years and have already undertaken some export related activities
• have your main source of income (more than 50%) related to the sale of food and beverage related goods or services
• be a small to medium enterprise (SME) employing not more than 200 staff with an aggregated turnover of no more than $250 million
• be exporting or seeking to export goods that are produced, grown or manufactured in WA
• have established or be in the midst of establishing on-going relationships with one or more in-market business partners
• be able to make the required cash contribution

How do you apply?

You can find out more about eligibility and how to apply at International Competitiveness Co-Investment Fund.