Glasshouse Advisory’s R&D Tax and EMDG practices have transferred to leading independent assurance, tax and advisory firm, Grant Thornton.
The Export Market Development Grant (EMDG) program is the Federal government’s ﬂagship program to assist Australian exporters break into and exploit opportunities in export markets. This is a 40-year old program, however, many patent and trade mark attorneys are not aware that their fees for overseas patent work, including Patent Cooperation Treaty (PCT) and overseas ﬁlings, foreign attorney fees and the like are eligible to claim under this generous grant program.
Historically, access to the EMDG program was limited to businesses involved in exporting goods or services from Australia. The federal government recently recognised that intellectual property (IP) can be exploited in a variety of ways (such as licencing, partnering with manufacturers, and so on), and given the value of IP to Australia’s export economy, the EMDG program has been expanded to support the export-focused commercialisation efforts of Australia-based IP developers and owners of IP.
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This article first appeared in Australian Intellectual Law Bulletin 31.4 published by LexisNexis Australia