EDC Inclusive Trade Investments Program (ITIP)

By mmuise
Description:

Canadian exporting businesses owned and led by people identifying as women, Indigenous, Black and other dimensions of diversity, one of the main barriers to growth is lack of equitable access to capital. EDC Inclusive Trade Investments Program (ITIP) helps address that challenge and create more opportunities for growth.


Comments on Funding:

EDC Inclusive Trade Investments Program (ITIP) provides equity capital to diverse exporters.

Deadline: Continuous Intake
Eligibility:

Program criteria:

  • Canadian company owned and/or strategically led at the C-suite level by diverse person(s) (who identify as women, Indigenous, Black or other racialized peoples, LGBTQ2+ or people living with disabilities);
  • Diverse members of the C-suite have equity ownership that is consistent with other C-suite members;
  • Commercial revenue growth is accelerating towards C$1 million, with significant export growth potential;
  • Company that demonstrates commitment to establishing a diverse board of directors.
Application Steps:

Applicants must contact EDC to find out if EDC can help them. They must be prepared to discuss the following:

1. An overview of their company and sector;

2. Trailing 12 months (TTM) revenue and run rate;

3. Transaction term sheet, if available;

4. Use of proceeds and export profile.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

1. Addresses underfunding faced by women and other diverse exporters by providing equity capital to support growth in global markets.
2. Export Development Canada (EDC) has committed $200 million to invest in companies founded or led by diverse Canadians.
3. Find out if EDC ITIP is right for applicant's business by sending EDC a question. Or call them at 1-800-229-0575, weekdays between 9 a.m. and 6 p.m. ET.

About the author
mmuise