The Honorable Chrystia Freeland, Minister of International Trade, announced the launch of CanExport, a new program that will provide $50 million, over five years, to help Canadian small and medium-sized enterprises (SMEs) take advantage of global export growth opportunities.
CanExport will provide SMEs with direct financial support that will go toward export development costs and aims to benefit hundreds of companies each year. Canada is seeking to develop new export opportunities, particularly in high-growth priority markets and almost all sectors are eligible to apply.
The new program will help Canadian businesses finance international development activities such as market research, adaptation of marketing material for target markets and participation at trade fairs and/or trade missions.
CanExport focuses on supporting small and medium-sized businesses because they are the backbone of the Canadian economy, representing 99 percent of all Canadian businesses. A frequently cited barrier to exporting, is the lack of financial support and this program will help SMEs bridge this financing gap.
For more information on CanExport and where to apply see click here.