Export Development Program
$15,000
Grant
Description:
The Export Development Program supports businesses looking to increase their sales outside of Nova Scotia, improve their competitiveness and positively impact the Nova Scotia economy.
EDP offers two streams to support the applicant’s business growth:
1. Travel and Virtual Trade Missions stream;
2. Hire a Consultant or Service Provider stream.
Comments on Funding:
All eligible businesses can apply for up to a maximum of $15,000 CAD across the two streams.
Continuous Intake
Eligibility:
Applicants must meet the following criteria:
1. Be a Nova Scotia registered business in good standing (current registration on the Registry of Joint Stock Companies).
2. Have a permanent establishment in Nova Scotia.
3. Have most of its workforce currently residing in Nova Scotia (some exceptions may apply where it can be demonstrated that the economic benefit can be accrued to Nova Scotia). Contact the Regional Business Development Advisor in your area to discuss.
4. Be engaged in, or have imminent plans to engage in, commercial activities outside of Nova Scotia, with fully developed exportable product(s), service(s), technology(ies), and/or intellectual property to the satisfaction of Invest Nova Scotia.
5. Have a business plan and a strategy to sell products/services outside Nova Scotia outlining the business’ target market and distribution channels and challenges in the target market and how they will be overcome.
6. Have no outstanding or pending claims/litigation, injunctions, judgments, orders, legal or administrative actions, or similar proceedings against the business, its principals and/or any related business(es) (some exceptions may apply, contact the Regional Business Development Advisor in your area to discuss).
7. The business, principals and/or any related business(es) shall not be in default of any obligations under any other form of financial assistance and/or incentive program from Invest Nova Scotia, the Province of Nova Scotia, or by any agency of the Province of Nova Scotia. For purposes of this criteria, the Credit Union Small Business Loan Guarantee Program is considered a form of financial assistance provided by the Province of Nova Scotia.
8. Businesses and their related entities may be limited to funding for one business only at Invest Nova Scotia’s sole discretion.
Application Steps:
The applicants must:
1. contact the Regional Business Development Advisor in their area to discuss Program alignment to their project;
2. submit a completed Application Form to Invest Nova Scotia prior to the commencement of the project (Only project costs incurred after the application date are eligible to be claimed);
3. respond to any requests by Invest Nova Scotia for missing or follow up information required by Invest Nova Scotia for evaluation of the application no later than 5 business days following such requests by Invest Nova Scotia;
4. accept within 10 business days the Export Development Program Agreement (“Agreement”) which will be issued if their application was approved.
Documentation Needed:
Applicants must submit a completed Application Form m
Other Things to Note:
About the author
Maurice
