Who Can Apply for the Panorama Program: Complete Eligibility Guide
The Panorama Program, administered by Investissement Québec, offers valuable support to Canadian businesses looking to diversify their export markets. This initiative provides financial services and expert guidance to help organizations expand internationally, specifically targeting markets outside Quebec and the United States. For businesses considering this opportunity, understanding eligibility is crucial.
Overview of the Panorama Program
The Panorama Program supports businesses by offering loans ranging from $250,000 to $1,000,000 to fund working capital needs, with the potential for larger amounts when combined with other solutions. It aims to facilitate market diversification efforts, making it easier for Canadian companies to venture into new international markets. For full eligibility details, consult the complete program guide.
Applicant Type Requirements
To qualify for the Panorama Program, your business must be engaged in activities that support export diversification. Eligible applicants typically include:
Corporations and SMEs: Businesses registered in Canada that are looking to expand their international market reach.
Non-Profits and Cooperatives: Organizations that align with export diversification goals.
Startups: Early-stage companies that demonstrate potential for international growth.
For complete eligibility requirements, see the complete program guide.
Size & Scale Criteria
The program caters primarily to small and medium-sized enterprises (SMEs), but larger corporations with significant export ambitions may also qualify. Specific criteria regarding the scale of operations, such as employee count or revenue, can be critical. For detailed criteria, refer to the complete program guide.
Geographic Eligibility
The Panorama Program is designed for businesses looking to diversify their markets beyond Quebec and the United States. It supports initiatives aimed at entering new regions, enhancing Canada’s presence in global markets. While the program targets all provinces, specific geographic priorities may apply. Check the complete program guide for more details.
Project & Activity Requirements
Eligible projects typically involve activities such as:
Market Research and Development: Initiatives to explore and penetrate new markets.
Business Expansion: Establishing offices or partnerships abroad.
Sales and Marketing Efforts: Including promotional activities and hiring local representatives.
For a comprehensive list of eligible activities, consult the complete program guide.
Financial & Operational Criteria
Applicants must demonstrate financial stability and operational capacity to manage and repay the loan. This includes evidence of financial health and compliance with Canadian business regulations. Visit the complete program guide for specific financial requirements.
Ineligible Applicants
Certain entities may not qualify, including those with insufficient financial documentation or those engaged in restricted activities. Review the detailed exclusions in the complete program guide.
Conclusion
The Panorama Program offers significant opportunities for Canadian businesses seeking to diversify their export markets. By understanding the eligibility criteria and preparing accordingly, your organization can leverage this support to successfully expand internationally. For further guidance and to ensure your application aligns with all requirements, consult the complete program guide.
