CanExport is a federal grant program that provides funding to SMEs (Small to Medium Enterprises) to develop new and emerging export opportunities.
Applicants can receive up to $50,000 per project for business development costs to grow sales in a country that represents less than 10% of its export sales thus far.
Previously, this program was restricted to companies that generated at least $200,000 in annual revenue and had at least 1 full-time T4 employee. Now the program has loosened its criteria so that businesses only need to have $100,000 in annual revenue and do not need to have any staff on T4.
This makes the program much more accessible to small or startup businesses.
If you’re a Canadian business and wish to pursue new opportunities abroad, contact Pinnacle Capital Partners to apply for funding before you incur the costs!