STEP Market Intelligence Services
Highlights
This program is designed for businesses like yours, providing you with the critical market intelligence needed to make informed decisions. By applying, you gain access to customized reports tailored to your specific needs, ensuring you have the most relevant and current information at your fingertips.
Key Benefits:
- Customized Market Research Reports: Up to 100 hours per year of secondary research, with additional hours available for a fee.
- Enhanced Qualification of Primary Prospect Leads: Direct contact with top prospects to provide deeper insights.
- Enhanced Strategy Assessment: Expert recommendations on market strategy based on collected data.
This service is more comprehensive than other market research options, offering both secondary and primary research, and leveraging a network of international trade professionals. Approval is straightforward, making it easy for your business to qualify and benefit from these valuable insights.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- The loan offers a fixed interest rate of 3.5% per annum.
- Repayment term is up to 10 years, with monthly installments.
Eligible Expenses:
- Purchase of new equipment and machinery.
- Leasehold improvements.
- Research and development costs.
- Marketing and promotional expenses.
- Employee training and development.
Ineligible Expenses:
- Personal expenses.
- Real estate purchases.
- Debt refinancing.
- Dividends or bonuses to owners.
Fees:
- Application fee of $150.
- Annual maintenance fee of 1% of the loan amount.
- No prepayment penalties.
Qualifications
- Must be a business located in Saskatchewan, Canada.
- Must be a member of the Saskatchewan Trade and Export Partnership (STEP).
- Must be engaged in international trade or planning to start international trade.
Must require market intelligence services to support business decisions.
Disqualifications:
- Businesses not located in Saskatchewan.
- Businesses not engaged in or planning to engage in international trade.
- Businesses not willing to become a member of STEP.
Description
This program helps your business make better decisions by providing customized market intelligence reports. These reports are tailored to your specific needs, ensuring you get the most relevant and up-to-date information.
Benefits include:
- Market assessments and overviews to understand your industry better.
- Competitive intelligence and analysis to stay ahead of your competitors.
- Customer and company lists to identify potential clients and partners.
- Political risk analysis to navigate international markets safely.
- Tariff and regulatory information to comply with local and international laws.
Our team uses over $80,000 in subscription industry resources and extensive search knowledge to gather the latest data. If needed, we also conduct primary research and consult with international trade professionals to fill any information gaps.
For Premium Members, we offer additional services like enhanced qualification of primary prospect leads and strategic market assessments. This ensures you receive actionable recommendations directly from our experts.
By using this service, your business can make informed decisions, reduce risks, and seize new opportunities in the market.
Program Steps
Gather Required Documentation: Prepare the necessary documents to support your application. These may include:
- Business financial statements
- Business plan
- Market research requirements
- Any previous market intelligence reports
Contact the Market Intelligence Unit: Reach out to Jeff Thackeray, Senior Director of Market Intelligence, at 306-530-3914 or [email protected] to discuss your specific needs and how the service can benefit your business.
Define Informational Requirements: Work with the Market Intelligence Unit to clearly define your informational requirements. This will help ensure that the reports are customized to meet your business's specific needs.
Submit Application: Provide the prepared documentation and defined informational requirements to the Market Intelligence Unit. This can be done via email or through a scheduled meeting.
Review and Approve Proposal: Once the Market Intelligence Unit has reviewed your application, they will provide a proposal outlining the scope of work, timeline, and any associated costs. Review this proposal and provide your approval to proceed.
Receive Customized Reports: After approval, the Market Intelligence Unit will begin their research and provide you with customized market intelligence reports. These reports will include relevant and actionable information tailored to your business needs.
Implement Insights: Use the information provided in the reports to make informed business decisions. This may involve adjusting your market strategy, identifying new opportunities, or mitigating risks.
Follow Up: Maintain communication with the Market Intelligence Unit for any further assistance or additional research needs. They can provide ongoing support to help your business stay competitive and informed.