grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|openingDateApril 28, 2022
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Government of Canada
  • Export Development Canada (EDC)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Canadian exporting businesses owned and led by people identifying as women, Indigenous, Black, and other dimensions of diversity can get help to address the lack of equitable access to capital and create more opportunities for growth.

grant_single_labels|projects

This investment opportunity by EDC is aimed at Canadian companies led or founded by diverse management teams. The companies should be owned and/or strategically led at the C-suite level by diverse persons in Canada.
  • Companies must be based in Canada.
grant_single|admissibleProjectsExample

$30,000

Saskatoon
Establishing export channels for a small bee farm's products

$40,000

Halifax
Expanding an NPO’s eco-friendly product line to international markets

$50,000

Winnipeg
Launch a digital platform to showcase Indigenous artwork internationally

$30,000

Montreal
Implementing a software solution to streamline export documentation for a financial cooperative

$30,000

Toronto
Creating a unique Black-owned coffee brand for international markets

grant_single_labels|admissibility

Eligibility for this opportunity is determined by specific requirements related to the company's profile, leadership, and growth potential.
  • The company must be Canadian owned and/or strategically led at the C-suite level by diverse individuals, such as women, Indigenous peoples, Black or other racialized peoples, LGBTQ2+, or people living with disabilities.
  • Diverse members of the C-suite must have equity ownership that is consistent with other C-suite members.
  • The company should have an accelerating commercial revenue growth trajectory towards C$500,000.
  • There must be significant export growth potential for the company.
  • The company must demonstrate a commitment to establishing a diverse board of directors.
  • The company must be raising, or have recently raised, equity funding between Seed to Series B rounds to support international growth.

grant_eligibility_criteria|who_can_apply

Eligible applicants are Canadian companies that are either owned or strategically led at the C-suite level by individuals who identify as women, Indigenous, Black or other racialized peoples, LGBTQ2+, or people living with disabilities. Additionally, diverse members of the C-suite must have equity ownership consistent with other C-suite members.

grant_eligibility_criteria|who_cannot_apply

This grant context does not explicitly list types of companies or industries that are not eligible to apply. As such, no specific exclusions can be identified based on the information provided.

grant_single_labels|criteria

- Company led or founded by women and/or other diverse management teams - Raising or have recently raised equity funding (Seed to Series B funding rounds) - Support international growth - Canadian company owned or strategically led at the C-suite level by diverse individuals - Diverse members of the C-suite have equity ownership consistent with other C-suite members - Commercial revenue growth accelerating towards C$500,000 with significant export growth potential - Commitment to establishing a diverse board of directors

grant_single_labels|register

Here are the steps to submit an application for EDC investment:
  • Step 1: Initial Eligibility Assessment
    • Review EDC's requirements and ensure your company meets the eligibility criteria, focusing on diverse leadership and international growth potential.
    • Ensure the company demonstrates accelerating commercial revenue growth and significant export growth potential.
  • Step 2: Prepare Investment Proposal
    • Compile a comprehensive proposal detailing your company’s current financial status, growth strategies, and international ambitions.
    • Include information about your diverse management team and board of directors.
    • Highlight previous funding rounds and current fundraising status (Seed to Series B).
  • Step 3: Submit Proposal to EDC
    • Email your investment proposal and any supporting documents directly to EDC or submit through their designated application portal.
    • Ensure all documents are formatted as required by EDC’s standards.
  • Step 4: EDC Review Process
    • EDC will assess your proposal based on its commercial viability, alignment with EDC’s strategy, and adherence to corporate standards including ESG criteria.
    • Be prepared to provide additional information or clarifications if requested by EDC during the review process.
  • Step 5: Final Decision and Notification
    • Receive notification of EDC’s decision regarding your proposal.
    • If successful, engage in further discussions to finalize the terms of investment and partnership.

grant_single_labels|otherInfo

Here are additional relevant details for this investment opportunity:
  • EDC does not operate as a traditional grants or subsidy provider through its investment program, so applicants should focus on capital funding strategies rather than expecting non-repayable support.
  • EDC’s involvement as an investor or syndicate partner may open doors to international markets, leveraging EDC's global connections and expertise.
  • Investments are assessed individually, emphasizing a personalized approach to each proposal, which may involve discussions specific to aligning with EDC's strategic goals.
  • The decision-making process for investment includes a thorough evaluation of the company's fit with EDC's ESG (Environmental, Social, and Governance) standards, highlighting the importance of sustainable and responsible business practices.

grant_single_labels|documents

EDC — Inclusive Trade Investments Program

Apply to this program