Europe Market Development Program

Up to $24,000
Type
EXPERT ADVICE
Application Difficulty
HARD
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed for businesses like yours that are ready to expand into international markets. By participating, you gain access to customized market-entry strategies tailored to your specific needs. This includes up to 20 days of international sales development services, detailed market research, and direct connections with potential clients or sales partners.

What's in it for you?

  • Opportunity assessment meetings and a comprehensive work plan
  • In-market representation from trade professionals
  • Access to additional government funding for extended marketing efforts
  • Personalized advice on marketing and regulatory issues

This program offers a unique advantage by providing a virtual presence in Europe or Asia without requiring large-scale investment. With the support of experienced trade consultants, you can start building a sales pipeline and increase your competitiveness in markets where trade agreements with Canada already exist. The application process is straightforward, making it easy for qualified businesses to take advantage of this opportunity.

Financing Details

Type of Financing:

  • Grant: The Market Entry Development Program (MEDP) offers a grant to support businesses in expanding to Europe or Asia without the need for a large-scale investment.

Repayment Terms and Interest Rates:

  • No repayment is required for the grant provided by the MEDP.
  • There are no interest rates associated with the grant.

Eligible Expenses:

  • The grant covers expenses related to international sales development services, opportunity assessment meetings, detailed market research, marketing advice, regulatory guidance, in-market representation, client meetings, and additional government funding for marketing efforts.

Ineligible Expenses:

  • The grant cannot be used for personal expenses, existing debts, or any expenses not directly related to the market entry development strategy.

Fees:

  • There are no fees associated with the Market Entry Development Program grant.

Qualifications

  • Must have an exportable product or service.
  • Must demonstrate a commitment to executing an export-focused growth strategy.
  • Must contribute $5462.50 ($4,750.00 + $712.50 HST) towards the cost of consultant services (valued at $24,000.00).
  • Must be an experienced or export-ready company with viable opportunities to sell outside of Atlantic Canada.
  • Must demonstrate an organizational commitment to fully executing an export growth strategy.
  • Must be willing to be interviewed by export development officers.
  • Must enter into a contractual relationship with the Atlantic Chamber of Commerce upon acceptance into the program.

  • Disqualifications:
  • Businesses that do not have an exportable product or service.
  • Businesses that cannot demonstrate a commitment to an export-focused growth strategy.
  • Businesses that are not willing to contribute the required $5462.50 towards consultant services.
  • Businesses that are not experienced or export-ready.
  • Businesses that cannot demonstrate an organizational commitment to executing an export growth strategy.
  • Businesses unwilling to be interviewed by export development officers.
  • Businesses unwilling to enter into a contractual relationship with the Atlantic Chamber of Commerce.

Description

This program is a fantastic opportunity for your business to 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, marketing advice, and regulatory support.

You will also get in-market representation from trade professionals, who will help you connect with potential clients and sales partners. This means you can start building a sales pipeline in new markets with the help of experts.

The program offers a comprehensive, personalized market entry strategy. This includes opportunity assessment meetings, detailed market research, and access to additional government funding for extended marketing efforts. This support can significantly boost your sales and competitiveness in international markets.

Program Steps

To apply for the program, please follow these steps:

  1. Download the Application Form:

    • Access the application form here.
  2. Prepare Required Documentation:

    • Gather the following documents:
      • Completed application form.
      • Business plan outlining your export-focused growth strategy.
      • Financial statements.
      • Proof of an exportable product or service.
      • Commitment letter demonstrating your organizational commitment to executing the export growth strategy.
      • Payment of $5462.50 ($4,750.00 + $712.50 HST) towards the consultant services.
  3. Submit the Application:

    • Email the completed application form and required documents to the respective contact:
  4. Interview with Export Development Officers:

    • After submission, you will be contacted to schedule an interview with export development officers to discuss your application and business strategy.
  5. Enter Contractual Agreement:

    • Upon acceptance into the program, you will need to enter into a contractual relationship with the Atlantic Chamber of Commerce.
  6. Participate in Opportunity Assessment Meetings:

    • Engage in opportunity assessment meetings to develop a detailed work plan prior to enrollment.
  7. Receive Program Services:

    • Once enrolled, you will receive international sales development services, market research, marketing advice, in-market representation, and connections with potential clients or sales partners.
  8. Implement Market Entry Strategy:

    • Utilize the comprehensive, personalized market entry strategy provided by the program to start building your sales pipeline in Europe or Asia.

For more information, refer to the MEDP Guidelines.

Visit Program Website