CanExport for SMEs Project Funding Update 2019 | Export Canada Grants | EVAMAX Group

CanExport for SME’s is an initiative of the Trade Commissioner Service (TCS) aimed at encouraging Canadian companies to expand the market potential of their products through financial support for commercialization and providing a platform for foreign partnerships.  


What’s New?  

Increased funding: Up to $75,000 per application on a 75% cost-sharing basis (max project cost: $100,000). 

Updated eligibility criteria: The eligibility criteria have been expanded to include agricultural producers and processors under the same program (previously applied for export-related activity under Agri-Marketing) 


Who can apply? 

Funding Type 

TCS will provide non-repayable funds on a 75% cost-sharing basis to cover eligible expenses up to a maximum of $75,000 per application. The grant request must be at least $20,000. Stacking is allowed with other overall government (federal, provincial, municipal) funding capped at 75% of eligible costs. 

Related: Going International: Tips on Expanding Your Business Globally

Eligible Applicants: 

  • Be a for-profit, incorporated legal entity or a limited liability partnership (LLP) 
  • Must have a Canada Revenue Agency business number (unless Indigenous-owned or led) 
  • Employ no more than 500 full-time equivalent employees 
  • Between $100K and $100M in annual revenue in Canada during the last year 

Eligible Activities: 

  • Business travel 
  • Market research 
  • Participation at trade events and fairs 
  • Adaptation, translation and interpretation services 
  • Intellectual property protection, certification, and adaptation of contracts 
  • Expert advice on business, legal or tax matters, and more 

Related: Government Grants for Export

Eligible Costs: 

  • Travel & accommodation costs (max 2 persons: employee or owner of the company) 
  • Registration and participation fees at trade fairs 
  • Cost of marketing tools to adapt the product in international markets 
  • Service interpretation for the target market 
  • Intellectual Property (IP) protection and certification fees in the target market(s) 
  • Consultant fees (business advice, market research, and feasibility studies) 

To learn more about whether your company qualifies for this funding & for assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process. 

 

 

See updated article on CanExport Increased Funding:CanExport for SMEs: Project Funding Update 2019

The CanExport program is a five-year, $50-million Government of Canada program that provides direct financial assistance to Canadian small and medium-sized businesses (SMEs), seeking to develop new export opportunities and markets, especially high-growth emerging markets.

The program offers non-repayable grants that offset trade show costs, including development of marketing materials, travel and per diem costs for up to two employees. Events funded through the program should provide a direct benefit to the company’s market development strategy.

Related: Going International: Tips on Expanding Your Business Globally

Funding Type:

Non-repayable grant of up to $50,000 to reimburse up to 50% of eligible expenses to promote your business in new international markets.

Eligible Activities & Expenditures:

  • Participation in one or more trade shows (within the same foreign country);
  • Travel to foreign country;
  • Modifications to marketing materials;
  • Foreign product certifications: and
  • Marketing and competitive research related to the foreign country.
  • Contractor fees
  • Legal fees

Related: Government Grants for Export

CanExport applications are evaluated against the following criteria:

  • Incremental results;
  • Strong Export Business Case;
  • Alignment to Government Trade Strategies/Priorities;
  • Market Potential; and
  • Prior History in Export Market Development.

Who can apply?

  • Have 1 – 250 full-time employees;
  • Earn $200,000 to $50,000,000 in annual revenue;
  • Federally incorporated or a limited liability partnership;
  • Have expansion plans for new or under-developed export countries;
  • Have eligible project expenses of at least $20,000;
  • Match the Canadian government funding contribution on a 1:1 ratio;
  • Not operate in the agriculture or agri-food industry. Companies in the Agri-Food sectors, looking for export support are eligible to apply to Agriculture and Agri-Food Canada’s AgriMarketing program

Deadline:

Applications have an open-intake and will be processed on a first-come, first-served basis, subject to the availability of funding. We recommend applying at least eight weeks ahead of incurring expenses to accommodate the review and approval process.

 

For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process. You may also email us at info@evamax.com or call 1-877-711-7733