Trade Mission Support Program
Highlights
The Northern Ontario Exports Program is designed to help your business expand into new markets. This program offers up to $10,000 in financial assistance for export marketing activities, such as market research, developing marketing materials, and participating in trade shows. Additionally, you can receive up to $21,000 for customized export development training, which includes strategic planning, sales skills, and operations management.
By participating in this program, you can connect with foreign buyers, enhance your marketing efforts, and optimize your operations. The funding provided can cover up to 70% of project costs, making it a cost-effective way to grow your business. The application process is straightforward, and funding is limited, so it's best to apply as soon as possible.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Market research, in-market intelligence, and matchmaking.
- Development of traditional and digital marketing materials, website content, and SEO.
- Participation in trade shows and trade missions.
- Tailoring product labeling.
- Securing product certification and intellectual property protection.
Use of Funds:
- Funds can be used for activities designed to enhance export marketing and business development.
Ineligible Expenses:
- Funds cannot be used for general operating expenses, salaries, or unrelated business activities.
Fees:
- No fees are associated with this program.
Qualifications
- Must be a small or medium-sized enterprise (SME).
- Must be located in Northern Ontario.
- Must be export-ready.
Must be from sectors such as mining, forestry, manufacturing, fabrication, biotechnology, transportation, renewable energy, digital economy, or consumer-packaged goods.
Disqualifications:
- Businesses not located in Northern Ontario.
- Businesses that are not export-ready.
Description
The Northern Ontario Exports Program is designed to help your business grow by entering new markets. This program offers financial assistance and specialized training to make your business export-ready.
You can receive up to $10,000 to cover costs related to organizing and hosting events with foreign buyers or participating in trade missions. This funding can be used for event hosting, travel, and participation in trade shows. The goal is to increase face-to-face interactions with potential buyers, opening doors to new opportunities.
Additionally, the program provides up to $21,000 to hire experts for training and strategic planning. This can help improve your sales skills, operations, marketing, and supply chain management. By optimizing these areas, your business can better compete in international markets.
Program Steps
Gather Required Documentation:
- Business Plan
- Financial Statements
- Market Research Reports
- Marketing Materials (both traditional and digital)
- Product Certification and Intellectual Property Documents (if applicable)
- Quotes for Trade Shows or Trade Missions
- Training or Planning Expert Proposals (for Customized Export Development Training)
Complete the Application Form:
- Obtain the application form by contacting Jenni Myllynen, Program Manager at [email protected] or 705-674-4455 x4428.
- Fill out all required fields accurately.
Prepare a Detailed Project Proposal:
- Outline the specific activities you plan to undertake.
- Include a budget detailing the costs and how the funding will be used.
- Specify the expected outcomes and benefits for your business.
Submit the Application:
- Ensure all required documentation and the completed application form are included.
- Submit your application as instructed by the program manager.
Await Review and Approval:
- Your application will be reviewed by the NOEP Advisory Committee.
- Be prepared to provide additional information if requested.
Receive Funding and Implement Project:
- Upon approval, discuss the final terms and conditions.
- Begin your project activities as outlined in your proposal.
- Keep records of all expenses and activities for reporting purposes.
Report on Project Outcomes:
- Submit a final report detailing the outcomes and benefits achieved.
- Include financial statements showing how the funds were utilized.
- Provide feedback on the program and its impact on your business.