What Can PSCE Component 2 Fund: Eligible Expenses and Projects
The PSCE – Component 2 is designed to bolster the export capacities of Quebec's small and medium-sized enterprises (SMEs) by providing financial assistance to projects that accelerate their presence in markets outside Quebec. This funding program specifically aims to enhance international competitiveness and market reach.
Overview of PSCE Component 2 Funding
PSCE Component 2 offers financial support to Quebec-based SMEs looking to expand their activities internationally. The program covers various project-related expenses to facilitate market entry and export readiness. By focusing on strategic international growth, it helps businesses overcome common barriers to exporting.
For full eligibility details and funding specifics, consult the complete program guide.
Eligible Expenses
Under PSCE Component 2, eligible expenses generally include:
Salaries and Wages: Costs related to hiring export specialists or consultants who can facilitate market entry and business development abroad.
Marketing and Promotion: Expenses for international advertising campaigns, promotional materials, and participation in trade shows or business missions.
Research and Development: Investments in product adaptation for international markets, including modifications to meet foreign regulations or standards.
Training and Development: Costs associated with upskilling staff to meet international business practices and compliance requirements.
The complete breakdown of eligible expenses, including specific limits and conditions, is available in the complete program guide.
Ineligible Expenses
While PSCE Component 2 offers broad support, certain expenses are not covered:
General operational costs not directly related to export activities
Domestic marketing expenses
Capital expenditures unrelated to export projects
For a detailed list of ineligible expenses, please refer to the complete program guide.
Examples of Funded Projects
Examples of successful projects under PSCE Component 2 include:
A Quebec-based tech company developing a multilingual marketing campaign to enter the European market.
An agricultural SME adapting its products to comply with Asian market regulations.
A manufacturing firm hiring an export manager to establish distribution channels in South America.
These examples illustrate the program's flexibility and its capacity to support a wide range of export-oriented initiatives. For more real-world examples, see the complete program guide.
Conclusion
PSCE Component 2 is a vital resource for Quebec SMEs aiming to expand their global footprint. By covering key expenses associated with international market entry, it provides the financial backing necessary to succeed abroad. For comprehensive details on how to maximize your funding opportunities, please consult the complete program guide.
