How to Apply to the Panorama Program: Complete Application Guide

The Panorama Program, administered by Investissement Québec, offers Canadian exporters financial support and expert guidance to diversify their export markets. This comprehensive guide will walk you through the entire application process, helping you understand the requirements and steps necessary to apply successfully.

Overview of the Panorama Program

The Panorama Program is designed to assist Canadian businesses in expanding their export activities beyond Quebec, offering financial support ranging from $250,000 to over $1,000,000. This program specifically targets projects that require working capital financing for export diversification, excluding the United States.

Eligibility Requirements

To qualify for the Panorama Program, your business must meet the following criteria:

• Be established in Quebec

• Have a solid record of export activities outside Quebec

• Offer products or services with potential in targeted international markets

• Ensure projects do not lead to job losses or plant closures in Quebec

• Comply with international trade agreements

Required Documents

When applying to the Panorama Program, prepare the following documents:

• Detailed business plan outlining export strategies

• Financial statements demonstrating creditworthiness

• Documentation of past export activities

• Project proposal with budget and timeline

• Any additional documents requested by Investissement Québec

Step-by-Step Application Process

Step 1: Prepare Your Documentation

Gather all required documents, ensuring they reflect your export strategies and financial health accurately.

Step 2: Fill Out the Application Form

Complete the Panorama Program application form with all necessary information about your business and proposed projects.

Step 3: Submit Your Application

Submit the application and all supporting documents to Investissement Québec for review. Ensure all information is accurate and complete.

Step 4: Await Feedback

Investissement Québec will review your application and may request additional information. Respond promptly to facilitate the review process.

Application Timeline

• **Application Open:** Ongoing

• **Processing Time:** Typically 4-6 weeks

• **Response Time:** Feedback provided within 2 weeks after review

Tips for a Successful Application

• Clearly articulate how the funding will enhance export diversification.

• Provide detailed financial projections and market analysis.

• Highlight past successes in export markets outside Quebec.

Common Mistakes to Avoid

• Incomplete documentation or missing information

• Overlooking eligibility criteria

• Inaccurate financial statements

What Happens After You Apply

Your application will be assessed based on eligibility and project potential. If approved, terms and conditions will be outlined in a funding agreement. If declined, feedback will be provided, and you may be able to reapply.

Conclusion

Applying to the Panorama Program can significantly bolster your export diversification efforts. Prepare thoroughly, adhere to guidelines, and leverage this opportunity to expand your market reach.