Posts Tagged ‘EMA’

EMA Program: Important Notice

The Ontario Chamber of Commerce has recently released an update to the Export Market Access (EMA) program informing applicants that until further notice, they will only be accepting applications for projects/activities that will be completed before May 31, 2016.

EMA is a $5 million initiative jointly sponsored by the Ontario government and the Ontario Chamber of Commerce which helps small- to medium-sized enterprises (SMEs) access and expand their growth in foreign markets.

Further details about this program will be posted as they become available.

Tags: , ,

New CanExport Program to Support Export Market Development

CanExport is a new government funding program announced on January 5, 2016 that will provide $50 million over the next five years in direct funding to Canadian small and medium-sized enterprises (SMEs) to support new export market development.

Through the CanExport program, companies can receive financial support of 50% up to $99,999 for export marketing activities. Eligible activities need to exceed the company’s core activities and focus on promoting international business development. These may include business travel costs, exhibitions at trade shows, market research, adaptation of marketing materials for new markets, and legal fees associated with a distribution/representation agreement.

In order to be eligible for funding through the CanExport program companies must have 1-250 full time employees and $200,000-$50 million in annual revenue declared in Canada. The CanExport program is open to companies in all sectors with the exception of agriculture and food processing, since companies in these industries are already eligible for export funding through the AgriMarketing program.  Export activities to existing markets are not covered by the CanExport program, but still remain eligible for funding from the Export Market Access (EMA) program.

Linking Government Grants to SR&ED: Business Expansion

In order to sustain a thriving economy, the government of Canada continually invests in business growth and expansion through various direct and indirect sources of funding. Over the past five years approximately 35% of Canadian gross domestic expenditure on R&D was financed by both direct and indirect government funding initiatives. Although the majority of financing is in the form of indirect funding, such as the SR&ED tax credit program, the Canadian government has recently increased emphasis on direct government funding sources such as repayable and non-repayable grants. Direct and indirect funding sources can work together to provide solutions for business growth at various stages of advancement from product development to global market expansion, thereby, enabling businesses to continually improve and grow.

Large-scale business expansion projects may be eligible for direct funding in the form of a repayable, interest-free loan through the Investing in Business Growth and Prosperity (IBGP) program. The IBGP program helps established business with global market share potential and innovative prospects to increase competitiveness and growth as well as create jobs by supporting the implementation of new technologies/ processes in addition to expansion of existing markets and facilities.

After the expansion project is complete, eligible SR&ED expenditures related to experimental development can generate indirect funding via Investment Tax Credits (up to 35% of eligible expenditures for CCPC’s and 15% for foreign owned/ public corporations) for costs already incurred. This provides a source of annual funding or tax savings that can be re-invested into innovation and growth.

Various funding opportunities may be leveraged in conjunction to suit the specific objectives and needs of your company. Our NorthBridge team of business analysts can help identify eligible projects for both SR&ED and grant funding programs. We also assist with the completion of application information, the preparation of financial information, the creation of business plans, and the required reporting after application submission.

NorthBridge 2014 Autumn Newsletter

NorthBridge’s fall 2014 newsletter has been released.

Topics covered include:

  • Canada Jobs Grant
  • Changes to Export Market Access trade show funding
  • SR&ED Opportunities in the Food Industry
  • Southwestern Ontario Development Fund (SWODF)
  • Investing in Business Growth and Prosperity Fund (IBGP)
  • Feature on Kidzpace Interactive
  • Spooky SR&ED Projects
  • Welcome to Jaap Siekman!

Tags: , , , ,

Changes to the Export Market Access Program

Last week, the Government of Ontario and the Ontario Chamber of Commerce (OCC) enacted a series of changes to the Export Market Access (EMA) program, which provides funding for small to medium-sized enterprises (SMEs) in Ontario looking to develop export sales in foreign markets. Companies that have taken advantage of this program in the past or are looking to do so in the future should review these changes to see which, if any, impact their business.

  • Previously, the EMA grant allowed applicants to apply for 2 trade shows per application, with a maximum possible claim of $30,000 (up to 50%) of eligible costs. While the maximum possible claim remains $30,000, applicants may now apply for 3 trade shows per application.
  • Applicants no longer have to wait until their first application is finalized to begin another, but can submit a second application while the first is ongoing.
  • Lifetime eligible expenses have been increased to $150,000 per applicant from $100,000.
  • Airfare costs can now be expensed prior to project approval.
  • The OCC will now cover up to $5,000 for short-term (less than one year) in-market office rental.
  • In addition to all previous eligibility requirements, applicants must have capacity to meet foreign market demand and have market-ready products to be sold in export markets.
  • There is a renewed focus on applicants having $2,000,000 commercial liability insurance and being able to submit financial statements (Notice to Reader, Review Engagement, or Full Audited) for the previous two fiscal years.
  • Previous payments were made 50% on acceptance and 50% on full reconciliation. This has been changed to 40% up front and 60% after reconciliation.

NorthBridge Consultants has experience with the EMA process and will provide the necessary guidance for your application. If you have any questions regarding these changes or any other aspect of the EMA program, contact our team of business analysts and technical writers today.

Tags: , , , ,

  • Subscribe to our feed
  • NorthBridge Consultants' Government Funding Blog is dedicated to bringing businesses news and information to help them identify and access the most appropriate government funding programs.

    We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

Most Recent Entries

Upcoming Events