16 Jun 2016 CanExport

Posted at 01:55h in Business Opportunities by

On 5 January 2016, Global Affairs Canada launched CanExport, a new export development program to support SMEs seeking to develop export opportunities and markets, especially high-growth emerging markets.

CanExport is a five-year, $50-million program that provides financial support for a wide range of export marketing activities to support international business development. CanExport complements NRC-IRAP’s existing efforts to support the global growth of Canadian firms and provides a great opportunity to connect NRC-IRAP’s business and innovation expertise to Global Affairs Canada international network and resources.

CanExport is being delivered by the Trade Commissioner Service (TCS) of Global Affairs Canada, in partnership with NRC-IRAP. Specifically, TCS will complete the assessments of the applications, determine the level of funding, and be the point of contact for all questions pertaining to the Program. NRC-IRAP will administer and manage the contribution agreements centrally within IRAP Division Services.

As of today, SMEs can submit applications online, on a continuous intake basis, via the website of Global Affairs Canada.

CanExport Eligibility Criteria

  • Be a for-profit company;
  • Be an incorporated legal entity or a limited liability partnership (LLP);
  • Have a Canada Revenue Agency (CRA) business identifier number;
  • Have a minimum of 1 full-time equivalent (FTE) employee and a maximum of 250 FTE employees;
  • Have no less than $200,000 and no more than $50 million in annual revenue declared in Canada.

CanExport Key Parameters

  • Project activities must be incremental to the applicant’s core activities, representing new or expanded initiatives which yield incremental results;
  • Reimburses of up to 50 percent of eligible expenses; applicant must match funds on a one-to-one basis;
  • Provides a minimum contribution of $10,000 (requires that the total cost of eligible activities be at least $20,000) and a maximum contribution of $99,999 (which requires that the total cost of eligible activities be at least $199, 998).

Complete program details can be found here.

Contact

David F. J. Marshall
E: david.marshall@international.gc.ca