Who Can Apply for the Panorama Program: Eligibility Guide

The Panorama Program, administered by Investissement Québec, offers vital financial support to Canadian exporters looking to diversify their market presence beyond Quebec. This guide explains the eligibility criteria for businesses interested in tapping into this valuable resource aimed at fostering international growth.

Overview of the Panorama Program

The Panorama Program is designed to support businesses in diversifying their export markets by providing financial and strategic guidance. It caters to companies requiring working capital financing between $250,000 and $1,000,000, facilitating expansion efforts in new markets outside the United States. The program also offers tailored support through strategic advice and market intelligence.

Applicant Type Requirements

To be eligible for the Panorama Program, businesses must meet specific criteria related to their legal and operational status:

• Must be established in Quebec.

• Should have a significant export experience outside Quebec.

• Must offer products or services with potential in the targeted markets.

• Startups are generally not eligible.

Size & Scale Criteria

Eligibility is also determined by the size and scale of the business, including:

• The business must have a solid financial standing and credit quality.

• It should not plan projects that cause job losses or factory closures in Quebec.

• The applicant should comply with international trade agreements.

Geographic Eligibility

The program specifically targets businesses operating within Quebec but looking to expand their market reach internationally, excluding the United States. Eligible regions for export activities include:

• Latin America

• Canada (outside Quebec)

• Europe

• Africa and the Middle East

• Asia and Oceania

Project & Activity Requirements

Eligible projects should focus on expanding export activities and may include:

• Business development efforts to increase sales in new markets.

• Opening foreign offices or facilities.

• Meeting contractual obligations for buyers outside Quebec.

Financial & Operational Criteria

Financial stability is a key requirement. Eligible businesses must:

• Demonstrate good financial health.

• Be in compliance with tax obligations.

• Not be involved in any activities that could jeopardize their financial standing.

Ineligible Applicants

Certain businesses and projects are excluded, such as:

• Startups with no prior export experience.

• Projects leading to job displacement in Quebec.

• Activities that do not align with international trade standards.

Special Cases & Exceptions

While the program generally does not support startups, exceptions may be made for businesses exhibiting exceptional market potential or strategic importance. Additionally, enterprises involved in partnerships or joint ventures can also explore eligibility.

Self-Assessment Checklist

To self-assess your eligibility, consider these questions:

• Is your business established and operating in Quebec?

• Do you have export experience outside Quebec?

• Does your project align with the program's focus on market diversification and compliance?

Conclusion

Understanding the eligibility criteria for the Panorama Program is crucial for businesses aiming to leverage this opportunity to expand internationally. If your business meets these requirements, consider applying to take advantage of the financial and strategic support offered. For further details, engage with Investissement Québec to clarify specific eligibility concerns.