Fifteen North Solutions News & Insights

SUPPORT FOR INCREASING EXPORT REVENUES

Written by Admin | Apr 11, 2024 6:25:25 AM

Canada’s CanExport program offers funding of up to 50% to a maximum of $50,000 for developing export markets. Eligible activities include, but are not limited to:



  • Promoting including online advertising on social media, online marketplaces, and social media plus Search Engine Optimization
  • Hiring consultants for digital and e-commerce marketing as well as market research (up to $50,000)
  • Translating, adapting or creating marketing materials.
  • Securing legal advice as well as IP production and international certification
  • Participating in online tradeshows including engaging interpreters and product promotion*
  • In-person participation in tradeshows, trade missions, networking functions, meetings and conferences (once Covid-19 measures allow)
  • Travel to target markets (once Covid-19 measures allow)

 

Applicant targeted country or subnational markets must have previously generated less than $100,000 in revenues or no more than 10% of entire sales. The United States is divided into 5 subnational markets and China, Brazil and India are divided into 4 subnational markets. Eligible applicants are Canadian incorporated/limited liability partnership businesses that have less than 500 full time employees and generate $100,000 to $100 million in annual sales revenue. Project expenses must be at least $20,000 to be considered for funding. Applicants can submit one application per government fiscal year (i.e., March 31) but must have completed their initial export project prior to re-applying. Note: Activities can start no earlier than April 1, 2024.