Trade Commissioner Service — Canadian Technology Accelerators

Type
EXPERT ADVICE
Application Difficulty
MEDIUM
Application DeadlineAugust 21, 2024
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed for high-potential, high-growth Canadian companies like yours. If you have a market-ready technology or product, this is a unique chance to expand your business in 12 global tech hubs. There is no cost to join, other than your travel and accommodation.

What You Get

  • Access to a vast network of trade commissioners
  • Coaching and mentoring by industry leaders
  • Support to refine your international business and market-entry strategies
  • Introductions to potential partners, clients, investors, and venture capitalists
  • A collaborative workspace (where available)

Why Apply?

  • No program costs and no equity taken: This means you retain full control of your business.
  • Financial support from the CanExport program: This can help cover your travel and accommodation costs.
  • Fast-track your connections and grow your market acumen: This will have the greatest impact on your business growth.

Being approved for this program will provide you with the resources and connections needed to thrive in international markets. The qualification process is straightforward, making it easier for you to take advantage of this opportunity.

Financing Details

Type of Financing: Grant

Repayment Terms and Interest Rates:

  • There are no repayment terms or interest rates. This is a non-repayable grant.

Eligible Expenses:

  • Travel costs for business purposes.
  • Accommodation expenses during business trips.
  • Costs associated with participating in trade missions and events.
  • Fees for coaching and mentoring services.
  • Expenses for collaborative workspace (if available).

Ineligible Expenses:

  • Personal expenses unrelated to business activities.
  • Costs not directly associated with international business development.
  • Any expenses that do not align with the program's objectives.

Fees:

  • There are no fees associated with applying for or receiving this grant.

This grant provides financial support to cover specific business expenses, ensuring you can focus on growing your business internationally without the burden of repayment.

Qualifications

  • Must be a high-potential, high-growth Canadian company.
  • Must have a market-ready technology or product.
  • Must operate in one of the following sectors:

    • Cleantech
    • Digital industries and information and communications technologies (ICT)
    • Life sciences and digital health
  • Disqualifications:

    • None specified in the provided context.

Description

This program offers a fantastic opportunity for your business to grow. You can join a Canadian Technology Accelerator (CTA) to explore global markets without any program costs or equity taken. The only expenses you need to cover are travel and accommodation, which may be eligible for financial support from the CanExport program.

Key benefits include:

  • Access to a vast network of trade commissioners who can help you navigate international markets.
  • Coaching and mentoring by industry leaders to refine your business strategies.
  • Introductions to potential partners, clients, investors, and venture capitalists to expand your business connections.
  • Collaborative workspaces in various global tech hubs, where available.

CTAs are available in 12 global tech hubs, offering both virtual and in-market formats. This program is designed to fast-track your business growth and help you make impactful connections in international markets.

Program Steps

  1. Select a CTA Program: Visit the CTA program website and use the filtering options to find a program that best fits your business needs. Consider the location, sector, and application deadlines.

  2. Prepare Documentation: Gather the necessary documents to support your application. These typically include:

    • Business plan
    • Financial statements
    • Market-ready technology or product details
    • Proof of high-growth potential
    • Any additional documents specified by the chosen CTA program
  3. Complete the Application Form: Fill out the application form for the selected CTA program. Ensure all required fields are completed accurately.

  4. Submit the Application: Submit your completed application form along with the prepared documentation through the specified submission portal or email address provided by the CTA program.

  5. Review and Follow-Up: After submission, monitor your email for any follow-up requests or additional information needed by the CTA program administrators. Respond promptly to any inquiries.

  6. Prepare for Participation: If accepted, prepare for your participation in the program. This may include arranging travel and accommodation if the program is in-market, or setting up the necessary technology for virtual participation.

  7. Engage with the Program: Actively engage with the support, mentorship, and networking opportunities provided by the CTA program to maximize the benefits for your business.

Visit Program Website