New Federal Export Grant Program Announced
This week, International Trade Minister Chrystia Freeland announced a new program to increase the competitiveness of Canadian companies. CanExport will provide up to $50 million over five years in direct financial support to small and medium-sized enterprises (SMEs) in Canada seeking to develop new export opportunities.
The CanExport program provides financial support for a wide range of export marketing activities including travel to target markets, participating in trade fairs and trade missions, adapting/translating marketing tools for a new market, market research, and much more.
CanExport grants will range from $10,000 to $99,999 and will be based on a 50/50 cost-sharing arrangement with the applicant business—that means that if approved, CanExport will cover half of the costs of your export development activities!
To find out more about this program, visit http://www.international.gc.ca/canexport