What Can the Support for Biofood Exports Program Fund?
The Support for Biofood Exports (SEB) program, administered by the ministère de l’Agriculture, des Pêcheries et de l’Alimentation (MAPAQ), is a valuable financial assistance opportunity for Quebec-based agri-food businesses looking to expand their market presence outside Quebec. This article outlines what the SEB program can fund, helping businesses plan their projects effectively.
Program Funding Overview
The SEB program offers financial assistance to individual projects aimed at developing and consolidating market presence for Quebec agri-food products in new markets. Eligible projects can receive up to $100,000 per year. This funding helps businesses prepare for market entry and strengthen their position in international markets. For current funding rates and detailed calculations, visit the complete program guide.
Funding Amounts & Rates
While the program provides significant financial support, the exact amount depends on the specifics of each project. Generally, the funding can cover a substantial portion of marketing and development costs. For precise funding limits and percentage coverage, refer to the complete program guide.
Eligible Expenses
The SEB program funds a variety of expenses essential for market development projects:
Marketing Activities: Costs related to promotional campaigns, trade shows, and advertising in target markets.
Market Research: Expenses for conducting market studies and analyses to identify opportunities and strategies.
Consulting Fees: Payments to consultants who provide expertise in market entry strategies and regulatory compliance.
Travel Expenses: Costs associated with business trips to target markets for meetings and negotiations.
Eligible Projects
Projects eligible for funding must aim for a duration of 12 months and focus on activities that develop, consolidate, or diversify market presence. For a full list of eligible project activities, see the complete program guide.
Ineligible Expenses
Certain expenses are not covered by the SEB program, including:
Routine operational costs not directly related to market development.
Capital expenditures such as purchasing property or major equipment.
Costs incurred before the project's approval.
For a detailed breakdown of ineligible costs, consult the complete program guide.
Expense Documentation Requirements
Applicants must provide detailed documentation to justify their expenses, including invoices, contracts, and receipts. Proper documentation ensures compliance and facilitates the claiming process. For specific documentation guidelines, refer to the complete program guide.
Conclusion
The SEB program provides a robust framework for supporting Quebec agri-food businesses in expanding their market reach. By funding key marketing and development expenses, it enables businesses to strategically enter new markets. To maximize the benefits of this program, ensure that your project aligns with the eligibility criteria and prepare thorough documentation. For more detailed information, always refer to the complete program guide.
