New federal program provides direct financial support for SMEs seeking to develop new export opportunities

The Honourable Chrystia Freeland, Minister of International Trade, and the Honourable Bardish Chagger, Minister of Small Business and Tourism, today announced CanExport, a new program that will provide $50 million to help Canadian small and medium-sized enterprises take advantage of global export opportunities.

CanExport is one of the building blocks of the government’s export strategy: it will help Canadian companies take advantage of opportunities abroad and increase their competitiveness, while creating jobs and growth at home.

CanExport will provide Canadian small businesses with matching contributions of between $10,000 and $100,000 toward export development costs. The new program will benefit hundreds of companies each year over the next five years.

CanExport was launched today at Communitech, an industry-led innovation centre that supports and fosters a community of nearly a thousand tech companies at all stages of growth and development, many of which will be able to take advantage of this new program.

To be eligible for the program, companies must employ fewer than 250 employees and have annual revenue in Canada of between $200,000 and $50 million. Eligible activities must promote export development and go beyond an applicant’s core activities, as well as represent new or expanded initiatives.

Click here for more information on this program.

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