Asia Market Development Program

This grant requires a financial contribution from participants to engage consultant services essential for market entry strategies in Europe or Asia. The participant's investment is structured to leverage comprehensive services valued significantly higher than their contribution.

• Participant contribution of $5,462.50, inclusive of $712.50 HST, towards consultant services valued at $24,000.
• Access to a full array of international sales development services included within the program’s structured cost framework.
• Opportunity to leverage additional government funding for extended marketing efforts.

Eligibility for the Market Entry Development Program (MEDP) is determined by the following criteria:

• The applicant must have an exportable product or service.
• The applicant must demonstrate a commitment to executing an export-focused growth strategy.
• The applicant must contribute $5,462.50 towards the cost of the consultant services.
• The applicants should be experienced or export-ready companies with viable opportunities to sell outside of Atlantic Canada.
• Companies must demonstrate an organizational commitment to fully executing an export growth strategy.

Who is eligible?

Who is not eligible

There are specific types of companies that are not eligible for this grant if they:

• Do not have an exportable product or service
• Do not demonstrate a commitment to executing an export-focused growth strategy

Eligible expenses

This grant supports Atlantic Canadian companies in establishing an international presence and increasing sales in Europe or Asia. The eligible activities focus on strategic market entry and leveraging international opportunities.

• Development of a customized market-entry strategy.
• International sales development services lasting 10 or 20 days over several months.
• Conducting opportunity assessment meetings and creating a workplan.
• Performing detailed market research for opportunity analysis.
• Providing advice on marketing and regulatory issues.
• Offering in-market representation at trade shows and similar events.
• Facilitating connections and meetings with potential clients or sales partners.
• Access to government funding to support extended marketing efforts.

Eligible geographic areas

This grant is directed towards Atlantic Canadian companies seeking to expand their sales internationally. Only businesses from this specific region can apply to ensure support aligns with local development objectives.

• Companies located in Atlantic Canada, which includes Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador.

The Market Entry Development Program (MEDP) has specific criteria for evaluating and selecting applicants:

• Must have an exportable product or service
• Demonstrate a commitment to executing an export-focused growth strategy
• Contribute $5462.50 towards the cost of the consultant services
• Be experienced or export-ready companies with viable sales opportunities outside of Atlantic Canada
• Demonstrate organizational commitment to executing an export growth strategy

Here are additional relevant details for this grant:

• Applicants may be encouraged to explore complementary services or funding programs to enhance their export strategies.
• Applications are accepted on a continuous basis until the program's capacity limit is reached.
• Applicants will undergo an interview process with export development officers as part of the assessment.
• A contractual agreement with the Atlantic Chamber of Commerce is required after acceptance.