A Guide to International Funding and Collaboration – Show me the Money!!!

International Funding

PART 1: How to get started

Cost of doing business

The impacts of COVID-19 have been undeniable as the critical factor in pushing Australian companies towards international expansion over the past 2-3 years. According to the Global Empowerment Study commissioned by Amazon Australia, business owners intend on expanding globally for three key reasons:

  • increase revenue (49%),
  • expand their customer base (43%), and
  • future proof their business (28%).

Furthermore, three out of four Small to Medium Enterprises (SMEs) with existing international footprints cite the impact of COVID-19 as a factor for their consideration of furthering their global push, with 96% not having any regrets of considering global expansion, and over 80% wishing they’d started this journey sooner.

However, despite this resounding success, the study also found that a quarter of SMEs admitted to feeling overwhelmed about overseas expansion, with one in five being unsure where to begin. More than one in four SMEs felt they didn’t have the right tools, support, or knowledge to expand globally on their own or the know-how to find cost-effective solutions to handle shipping and fulfillment.