This program is designed specifically for businesses like yours looking to expand into international markets. It offers a unique opportunity to establish a presence in Europe or Asia without the need for large-scale investment. With 10 or 20 days of international sales development services, you will receive customized support to build a sales pipeline and connect with key decision-makers.

Key benefits include:

• Opportunity assessment meetings and a detailed workplan before enrollment
• Comprehensive market research and opportunity analysis
• Advice on marketing and regulatory issues
• In-market representation from trade professionals
• Connections and meetings with potential clients or sales partners
• Access to additional government funding for extended marketing efforts
• A personalized market entry strategy tailored to your business needs

By participating in this program, you will gain invaluable insights and connections that can significantly boost your sales outside of Nova Scotia. The program is backed by the Government of Canada and the Atlantic provinces, ensuring robust support and resources. Applying is straightforward, and the benefits far outweigh the initial investment, making it an excellent choice for your business growth.

Type of Financing:

• The Market Entry Development Program (MEDP) offers a Repayable Sum to eligible businesses.

Repayment Terms and Interest Rates:

• Companies receive 10 or 20 days of international sales development services over several months.
• Applicants contribute $5462.50 towards the cost of consultant services valued at $24,000.00.
• No interest rates are specified, and the repayment structure is based on a one-time contribution towards the consultant services.

Eligible Expenses:

• The program covers opportunity assessment meetings, detailed market research, marketing advice, regulatory guidance, in-market representation, and connections with potential clients or sales partners.

Ineligible Expenses:

• Specific details on expenses not covered by the program are not provided in the context.

Fees:

• There are no fees mentioned in the context related to the Market Entry Development Program.

This program helps your business expand into Europe or Asia without a large upfront investment. You can receive 10 or 20 days of international sales development services over several months. This includes market research, advice on marketing and regulations, and support from trade professionals.

Key benefits for your business:

• Opportunity assessment meetings to identify potential markets.
• Detailed market research to understand your target market.
• Connections with potential clients or sales partners.
• In-market representation at trade shows and events.
• Access to additional government funding for extended marketing efforts.
• A personalized market entry strategy tailored to your business needs.

You will need to contribute $5,462.50 towards the cost of these services, which are valued at $24,000.00. This program is funded by the Government of Canada and the four Atlantic provinces, ensuring you have the support needed to grow your business internationally.

1. Download the Application Form:

• Visit the program's website and download the application form here.

2. Prepare Necessary Documentation:

• Gather the following documents to support your application:
  • Financial statements
  • Business plan
  • Export strategy
  • Proof of exportable product or service
  • Commitment letter to contribute $5462.50 towards consultant services

3. Complete the Application Form:

• Fill out all required fields in the application form accurately and thoroughly.

4. Submit the Application:

• Submit the completed application form and all necessary documentation via email to the provided contact addresses:
  • Scottina Jackson at [email protected]
  • Glenn Davis at [email protected]

5. Schedule an Interview:

• After submitting your application, you will be contacted to schedule an interview with export development officers.

6. Participate in the Interview:

• Attend the interview to discuss your business’s export readiness and growth strategy.

7. Enter into a Contractual Agreement:

• If accepted, you will enter into a contractual relationship with the Atlantic Chamber of Commerce.

8. Begin the Program:

• Upon acceptance and contractual agreement, start working with in-market trade consultants to develop your personalized market-entry strategy.