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Canada announces first successful applicants under CanExport program
February 12, 2016 - Ottawa, Ontario - Global Affairs Canada
Today more than 29 projects submitted to the CanExport program by small and medium-sized enterprises (SMEs) from across the country were approved for funding, announced the Honourable Chrystia Freeland, Minister of International Trade, and the Honourable Bardish Chagger, Minister of Small Business and Tourism.
CanExport is a new program that will provide $50 million over five years to help Canadian SMEs explore and take advantage of export opportunities in new markets.
Recipients will obtain funding to support their export development activities aimed at new global markets. More than $800,000 worth of marketing expenses in a wide range of sectors has been approved in the last month; the projects selected for funding target new opportunities in Latin America, Asia, Europe, the Middle East, Africa and the United States.
CanExport, jointly delivered by the Trade Commissioner Service and National Research Council Canada, offers funding between $10,000 and $100,000 toward eligible export development costs, improving trade opportunities for companies and creating jobs here in Canada.
Details about selected companies will be made public in the near future, in keeping with the Government of Canada’s proactive disclosure policy. See CanExport for information on the program and on how to apply.
“I urge all Canadian companies to explore new opportunities beyond our borders. CanExport can help small and medium-sized enterprises make these opportunities a reality, and I am very pleased to see these Canadian companies taking the first steps starting today.”
- Hon. Chrystia Freeland, P.C., M.P., Minister of International Trade
“SMEs employ some 10 million Canadians—or nearly 90 percent of Canada’s total private-sector workforce. I am excited that CanExport is already providing an opportunity for more Canadian businesses to succeed in international markets.”
- Hon. Bardish Chagger, P.C., M.P, Minister of Small Business and Tourism
- The ministers of International Trade and of Small Business and Tourism launched CanExport last month in Kitchener, Ontario, on January 5, 2016.
- To receive CanExport funding, companies can submit an easy online application. CanExport provides SMEs with a decision within 25 working days of receiving their applications.
- Eligible expenditures are split equally between CanExport and the applicant; eligible costs include travel, participation at trade fairs, market research, adaptation of marketing tools for new markets and legal fees associated with distribution and representation agreements.
- Once approved, the companies must sign a contribution agreement. Funding is provided after submission of eligible receipts.
- Global Affairs Canada is partnering with National Research Council Canada’s Industrial Research Assistance Program (IRAP) to determine basic eligibility and to manage the online system.
- Applicant’s Guide to the CanExport Program
- Ministers of International Trade and Small Business and Tourism announce new export program for Canadian companies
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Hon. Chrystia Freeland Hon. Bardish Chagger Global Affairs Canada Economics and Industry
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