Groups of two or more businesses collaborating on a market development project can apply for Market Development funding. They must meet the same eligibility criteria as individual businesses.
Businesses working together on a market development project must also meet the following criteria.
- For every business within the group that has turnover of $50 million or more, there must be at least two businesses with turnover of less than $50 million.
- The businesses must have a written legal agreement detailing the form that their collaborative group takes and the conditions of their working together.
- The businesses must be “unrelated”. That means there must be less than 20 percent shareholding between any businesses within the group, and no common directorship or other inappropriate financial or personal links.
- Each business must stay within the funding limits for the programme. For each business, the minimum annual claim must be at least $20,000 including GST, and the maximum must be no more than $100,000 including GST a year, up to a lifetime limit for each business of $500,000 including GST.
How do groups of collaborating businesses apply?
To apply for funding under New Zealand Trade and Enterprise’s (NZTE) Market Development programme, businesses collaborating on a market development project need to:
- get one group member to register on the NZTE website
- indicate they are part of a collaborative group.
NZTE makes the final decision on eligibility
Even if you think your business and activities are eligible for the programme, it is up to NZTE to make the final decision on whether you are eligible. We judge your eligibility on many criteria, some of which are quite complex. If both your business and its activities are eligible, we will assess your application.
If you have any questions about eligibility
If you’re not sure whether you are eligible for the programme, or if you have any other questions, please call NZTE on 0800 555 888, email us, or contact your account manager (if you have one) for more help.
