What Does the Support for Biofood Exports Fund?
The Support for Biofood Exports (SEB) program offers significant financial assistance to Quebec-based agri-food businesses aiming to expand their market reach outside Quebec. Administered by the ministère de l’Agriculture, des Pêcheries et de l’Alimentation (MAPAQ), this program is designed to bolster the presence of Quebec's agri-food products in new markets, enhancing their competitiveness and sales. For full eligibility details, consult the complete program guide.
Overview of the SEB Program's Funding Scope
The SEB program supports individual marketing and market development projects. It provides up to $100,000 per year for each applicant, facilitating various activities aimed at market entry and consolidation. The program specifically targets projects that prepare businesses for new markets or help them diversify their current market presence. For specific funding rates and calculations, visit the complete program guide.
Eligible Expenses
Eligible expenses under the SEB program are those directly related to marketing and market development activities. Key examples include:
Salaries and Wages: Compensation for personnel directly involved in implementing the project.
Consulting Fees: Costs for external marketing and business development consultants.
Market Research: Expenses for conducting studies to assess new market opportunities.
Promotional Activities: Costs related to advertising campaigns, trade show participation, and promotional materials.
These categories are representative, and businesses are encouraged to verify specific eligibility with the complete program guide.
Ineligible Expenses
Certain expenses do not qualify for SEB funding. Common exclusions include:
General Overhead: Routine operational costs not specific to the project.
Capital Expenditures: Purchases of equipment or property.
Debt Servicing: Payments on existing loans or debts.
For a comprehensive list of ineligible expenses, please refer to the complete program guide.
Funding Disbursement and Process
The funding is typically disbursed as reimbursements for approved expenses. This means that businesses must initially cover the costs and then submit claims for reimbursement. The full application process and claim submission details are outlined in the complete program guide.
Conclusion
The SEB program presents an excellent opportunity for Quebec agri-food businesses to enhance their market presence beyond provincial borders. By strategically leveraging this funding, businesses can effectively manage the costs associated with market expansion activities. For more detailed guidance, including the exact application process and funding calculations, refer to the complete program guide.
