Posts Tagged ‘market expansion’

CanExport Funding Increased and Expanded

CanExport is a government funding program that provides funding to Canadian small and medium-sized enterprises (SMEs) to support new export market development.

As of August 22, 2019, the CanExport project funding limit for SMEs will be increased up to $75,000 to cover up to 75% of eligible expenses.

Previously, the CanExport program excluded the agriculture and food processing sectors, since companies in these industries were already eligible for export funding through the AgriMarketing program. However, as of August 22, 2019, the program will also be expanded to support companies from Canada’s agriculture, agri-food and agri-products industry, including fish and seafood.

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 1-500 full-time employees and $100,000-$100,000,000 in annual revenue declared in Canada. The CanExport program is open to companies in all sectors. Eligible markets include countries (and in some cases, regions) where the applicant has achieved less than $100,000 or less than 10% of the company’s total sales in that market in their last completed tax year.

For more information on the CanExport program and other sources of funding, please contact us.

IBGP: Investing in Business Growth and Productivity

The Investing in Business Growth and Productivity (IBGP) program, administered by FedDev Ontario, focuses on assisting Canadian businesses within Southern Ontario with economic growth and job creation. This program is geared towards helping businesses expand their markets and facilities and adopt new technologies to improve productivity in order to become competitive within global markets.

The IBGP program is available to small and medium sized enterprises (SMEs) that have between 15- 1000 full time employees and a strong financial track record. Eligible SMEs will receive a repayable contribution of up to $20 million per project to cover up to 25% of eligible project costs. Eligible project costs include capital, labour, expertise, and facility retrofits. Activities that are eligible under this program include the adaptation of new technologies, facility expansion, and market development.

NorthBridge Consultants has experience assisting SMEs with the IBGP application. If your business is planning a large scale project that involves facility expansion, we strongly encourage you to contact one of our funding experts to discuss your eligibility.

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