This program is designed for businesses like yours, offering a unique opportunity to expand your reach internationally. By participating, you can receive up to $15,000 in funding, covering up to 50% of your total costs for activities such as targeted sales trips and attendance at international market events. This financial support can significantly reduce your expenses and help you grow your business on a global scale.

Why Apply?

• Substantial Funding: Up to $15,000 to support international business activities.
• Cost Coverage: Covers 50% of your total costs, easing your financial burden.
• Streamlined Process: Simplified application and administration with pre-approved activities and fixed benchmarks for travel and accommodation costs.

Being approved for this program can open doors to new markets and opportunities, helping you achieve measurable business growth. The qualification process is straightforward, making it easier for you to access the support you need.

Type of Financing: Tax Credit

Repayment Terms and Interest Rates:

• There are no repayment terms or interest rates, as this is a tax credit.

Eligible Expenses:

• International sales trips
• Attendance at international market events
• Activities that support company growth and market development

Use of Funds:

• Funds can be used for travel and accommodation costs related to the eligible activities.
• Funds cannot be used for non-business-related expenses or activities not pre-approved by the program.

Fees:

• There are no fees associated with applying for this tax credit.

This program offers your business a chance to receive up to $15,000. This money can cover up to 50% of the total costs for specific activities.

You can use this funding for international activities that help your business grow. This includes targeted sales trips and attending international market events. These activities are designed to produce measurable business and market development results.

The program has fixed benchmarks for travel and accommodation costs, making it easier to plan your expenses. There is also a simplified process for changing activities if needed. This funding can give your business the boost it needs to expand into new markets and grow internationally.

1. Register Your Company:

• Go to the Ontario Creates Online Application Portal (OAP) at apply.ontariocreates.ca.
• Click on “Register” to set up your user account.
• Ensure your company’s corporate information is registered with the OAP.

2. Review Program Guidelines:

• Read the Global Market Development program guidelines thoroughly.
• Familiarize yourself with the list of pre-approved activities and any updates for the 2024-25 program.

3. Prepare Documentation:

• Gather the following documents:
  • Corporate Information
  • Business Plan
  • Financial Statements
  • Details of Intended Use of Funds
  • Applicant Affidavit
  • GMD Activity Calculator
• Ensure all documents are up-to-date and meet the program requirements.

4. Attend Information Session:

• Register for the webinar scheduled for Wednesday, April 10, 2024, from 2:00 PM to 3:30 PM ET.
• If you require the session in French or have accessibility needs, contact [email protected] to make arrangements.

5. Start Your Application:

• Log in to your OAP account.
• Click on “Start new application” from your dashboard.
• Follow the onscreen directions to access and complete the application form.

6. Submit Application:

• Ensure all required fields and documents are completed and attached.
• Submit your application via the OAP before the deadline on Tuesday, May 7, 2024, at 5:00 PM ET.
• Applications submitted by any other method will not be accepted.

7. Seek Assistance if Needed:

• For technical support with the OAP, email [email protected].
• For program-related inquiries, contact the Program Coordinator at [email protected] or call 416-642-6695.

8. Await Review and Notification:

• The program administrators will review your application.
• You will be notified of the decision and any further steps if your application is successful.