EDC — Export Help Hub
Highlights
Hello,
Expanding your business internationally can be a game-changer, and this program is tailored just for you. You’ll gain expert advice from seasoned export advisors who understand the complexities of markets like the U.S., European Union, and Mexico. They’ll guide you through customs, financing, and taxes, ensuring a smoother expansion process. The real value is in the guidance you receive, helping you develop a solid export plan, understand market trends, and build essential networks.
Why should you apply? This program is designed for businesses of all sizes, so whether you're a small startup or a larger company, you can benefit. There's no funding set, but the insights and resources provided can significantly impact how you approach new markets. You'll grow your business with confidence, backed by expert insights that simplify the complexities of international trade.
The best part? There are no limits on your business size or revenue to qualify. It's an opportunity to expand with expert support, making the journey less daunting and more rewarding. With this program, you're not just stepping into new markets; you're doing so with a team of experts by your side.
Financing Details
Grant: This program offers non-repayable grants to support your business expansion into new markets. This means you do not need to repay the funds provided, allowing you to invest confidently in your growth without the burden of additional debt.
Eligible Expenses: The grant covers a wide range of expenses including market research, marketing campaigns, travel for business development purposes, and costs associated with adapting your products or services for new markets. This comprehensive coverage ensures you can fully prepare and execute your expansion strategy.
Restrictions on Use of Funds: The funds cannot be used towards ongoing operational costs such as salaries, office rent, or utility bills. This ensures that the grant is focused exclusively on expansion activities.
Fees: There are no application or processing fees associated with this grant. This makes it even more accessible for businesses looking to expand without the worry of upfront costs.
Qualifications
- Business must be located in Canada.
- Business should be looking to expand into new markets such as the U.S., European Union, or Mexico.
- Business must have a developed export plan.
- Business should have conducted market research, including understanding competitors, suppliers, industry trends, and consumer habits.
- Business needs to have a clear value proposition for its products and/or services.
- Business should have established networks with experts such as law firms, tax specialists, and customs brokers.
- Business must be willing to engage with partners like Export Development Canada (EDC) and the Trade Commissioner Service (TCS) for market insights and support.
Description
Expanding your business internationally can be a game-changer. This program is here to help you navigate that journey. You’ll get expert advice from export advisors who know the ins and outs of markets like the U.S., European Union, and Mexico. They’ll help you understand customs, financing, and taxes, making your expansion smoother.
No funding is set, but the real value lies in the guidance you receive. You’ll learn how to develop an export plan, understand market trends, and build networks. This support can make a big difference in how you approach new markets.
There’s no limit on your business size or revenue, so whether you're a small startup or a larger company, this program is designed for you. It’s a chance to grow your business with confidence, backed by expert insights and resources.
Program Steps
Develop an Export Plan
Research the market, competitors, suppliers, industry trends, and consumer habits to create a solid export strategy.Determine Your Value Proposition
Clearly define what makes your products or services valuable to potential customers in the new market.Prepare the Required Documentation
Gather the following documents for your application:- Business registration documents
- Financial statements
- Export plan
- Market research findings
- Any relevant licenses or permits
Build Your Network
Connect with experts such as law firms, tax specialists, and shipping and customs brokers to support your exporting journey.Reach Out for Expert Advice
Contact organizations like Export Development Canada (EDC) and the Trade Commissioner Service (TCS) for insights and assistance.Submit Your Application
Complete and submit your application along with the required documentation to the appropriate program contact.Follow Up
After submission, follow up to ensure your application is being processed and to ask any questions you may have.
