CanExport SMEs
- The CanExport SMEs program provides financial assistance of up to $50,000 to Canadian small and medium-sized enterprises (SMEs) to help them access new international markets, especially in emerging markets.
Key Objectives
- Support Canadian SMEs in diversifying their markets and expanding internationally.
- Strengthen Canada’s trade diversification by assisting businesses in tapping into high-growth sectors.
Benefits and Support
- Funding covers up to 50% of eligible expenses, with grants ranging between $10,000 and $50,000.
- Eligible activities include IP protection, market research, expert legal and business advice, certifications, and international marketing materials.
- Tailored support for underrepresented groups in international trade, including women, Indigenous, and minority-owned businesses.
Eligibility Criteria
- Canadian SMEs with fewer than 500 full-time employees and annual revenue between $100,000 and $100 million.
- Businesses must be for-profit and have a registered Canada Revenue Agency business number.
- Ineligible entities include sole proprietorships and companies focused on recreational cannabis.
Application Process
- Applications are processed on a first-come, first-served basis.
- The application is done through CanExport’s website and involves the disclosure of a plan detailing target markets, budget, and activities. Please visit CanExport website for more details and the application process.
- Applicants are expected to choose up to five international markets and submit plans that align with their export strategies.
Resources & Support
Further information about CanExport can be found on our blog post and on the Government of Canada’s website.
Frequently Asked Questions (FAQs)
1. What does the CAN Exports SMEs program fund?
The program covers 50% of eligible expenses, such as IP protection, market research, legal advice, certifications, and international marketing.
2. Who is eligible for CanExport SMEs?
Canadian SMEs with fewer than 500 full-time employees and annual revenue between $100,000 and $100 million are eligible.
3. Are all businesses eligible for funding?
No, sole proprietorships and businesses focused on recreational cannabis are not eligible for CanExport funding.
4. How do I apply for CanExport SMEs funding?
Applications are submitted through the CanExport website and processed on a first-come, first-served basis. You’ll need to submit a plan detailing your target markets, budget, and activities.
5. What markets can I target?
You can choose up to five international markets in your application that align with your business’s export strategy. For example, countries or sub-national markets of Brazil, China, India and the U.S.A. For more info visit official website.
