Europe Market Development Program
NS, Canada
Development support for Atlantic exporting companies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Manufacturing
- Wholesale trade
- Professional, scientific and technical services
grant_single|grantors
- Invest Nova Scotia
- Government of Nova Scotia
grant_single|status
grant_card_status|open
grant_single_labels|preview
If your business plans to export to Europe in the next year, you could get professional market development advice to expand into new markets and industry sectors overseas.
grant_single_labels|projects
This grant is specifically targeted at companies located in Atlantic Canada, as determined by the supporting regional government bodies. This focus aims to boost international trade connections and opportunities for businesses in these provinces.
- Newfoundland and Labrador
- Prince Edward Island
- Nova Scotia
- New Brunswick
grant_single|admissibleProjectsExample
$42,000
Export of artisanal Canadian crafts to European markets
$50,000
Launching sustainable fashion line in European markets
$60,000
Expanding software services to European financial sector
$35,000
Market development for eco-friendly products in the European market
$70,000
Developing a European sales channel for Canadian tech products
$50,000
Professional guidance for export of organic foods to Europe
grant_single_labels|admissibility
Eligibility for the Market Entry Development Program (MEDP) requires applicants to meet specific criteria related to their export readiness and commitment to growth strategies.
- 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 $5462.50 ($4,750.00 + $712.50 HST) towards the cost of the consultant services.
- The applicant should be an experienced or export-ready company with viable opportunities to sell outside of Atlantic Canada.
- The applicant must demonstrate an organizational commitment to fully executing an export growth strategy.
grant_eligibility_criteria|who_can_apply
The Market Entry Development Program (MEDP) is designed for Atlantic Canadian companies that:- Have an exportable product or service.- Demonstrate a commitment to executing an export-focused growth strategy.- Are experienced or export-ready with viable opportunities to sell outside of Atlantic Canada.Applicants must also contribute financially to the program costs, specifically $5,462.50, which covers a portion of the consultant services' value.
grant_eligibility_criteria|eligible_expenses
The Market Entry Development Program (MEDP) provides comprehensive support aimed at increasing international sales for Atlantic Canadian companies by establishing a virtual presence in Europe or Asia. The program focuses on connecting businesses with key industry contacts and developing customized market entry strategies.
- 10 or 20 days of international sales development services.
- Opportunity assessment meetings and workplan development.
- Detailed market research for opportunity analysis.
- Advice on marketing and regulatory issues.
- In-market representation and support, such as participation in trade shows.
- Facilitating connections and meetings with potential clients or sales partners.
- Access to additional government funding for extended marketing efforts.
- Creation of a personalized market entry strategy.
grant_eligibility_criteria|zone
The program provides financing primarily for services and support related to entering new markets.
- International sales development services through trade consultants.
- Opportunity analysis conducted via market research.
- Marketing and regulatory advisory services.
- In-market representation and support, including trade shows.
- Meetings and networking with potential clients or partners.
- Development of a personalized market entry strategy.
grant_single_labels|register
Here are the steps to submit an application for the Market Entry Development Program (MEDP):
- Step 1: Review Program Guidelines
- Access and read through the MEDP Guidelines to understand program details, benefits, and requirements.
- Step 2: Prepare Application Form
- Download the application form from the MEDP website by clicking on the APPLY link provided.
- Fill out the application form with required company and contact information.
- Provide details about your exportable product or service.
- Demonstrate your company's commitment to executing an export-focused growth strategy within the application.
- Step 3: Submit Application
- Submit the completed application form via the online platform or as directed on the application portal.
- Ensure all fields are filled out accurately before submission.
- Step 4: Contact Provincial Leads (If Necessary)
- If you have questions during the application process, contact Scottina Jackson at scottina.jackson@investnovascotia.ca or Glenn Davis at glenn@atlanticchamber.ca for assistance.
- Step 5: Await Interview and Acceptance
- Your application will be reviewed, and you will be contacted to schedule an interview with export development officers.
- Upon acceptance, enter into a contractual relationship with the Atlantic Chamber of Commerce.
grant_single_labels|contact
scottina.jackson@investnovascotia.ca
Apply to this program
Expanding Your Business Horizons with the MEDP
The Market Entry Development Program (MEDP) offers a unique opportunity for Atlantic Canadian businesses to establish a presence in European and Asian markets. Supported by the Government of Canada and the four Atlantic Provinces, the program is designed to assist companies in building a sales pipeline without requiring significant initial investment.
Dive Deep into the Market Entry Development Program's Offerings
The Market Entry Development Program is a strategic initiative aimed at boosting exports from Atlantic Canada by helping businesses navigate international markets. This program is a collaboration between the Government of Canada, the provinces of Atlantic Canada, and the Atlantic Chamber of Commerce. It capitalizes on trade relationships and agreements that Canada has already established in Europe and Asia, providing a robust framework for participating companies to expand their operations abroad.
The MEDP is particularly beneficial for businesses with export-ready products or services looking to tap into new international markets. By participating in the program, companies gain access to comprehensive international sales development services, which include detailed market research, opportunity assessment, and in-market representation through seasoned trade professionals. This enables businesses to overcome the initial challenges of entering new markets, such as understanding local regulations, connecting with potential clients, and establishing a market presence.
One of the standout features of the MEDP is its structured support from trade consultants who deliver tailored advice over several months. These consultants offer expert guidance in customizing market-entry strategies that align closely with the specific goals and capabilities of the participating business. The program eliminates the massive upfront costs typically associated with international expansion by sharing the financial burden between federal and provincial funding mechanisms and the businesses themselves.
Participating companies are expected to demonstrate a strong commitment to exporting by contributing financially to the consultancy services, ensuring that they are genuinely invested in their growth journey. This co-investment model not only offers financial sustainability but also fosters a cooperative environment where businesses and program administrators work closely to achieve common goals.
Moreover, the MEDP provides invaluable networking opportunities, connecting participants with potential partners and influencers in target markets. These connections are crucial as they pave the way for future collaborations and sales contracts, forming the backbone of the participating firms' international sales strategies.
Additional government funding is also accessible through the MEDP to support companies that may require extended marketing and sales efforts beyond the initial program offerings. This auxiliary funding is designed to ensure that companies can maintain their international activities and continue to develop their brand and market footprint.
Overall, the Market Entry Development Program is more than just a stepping stone—it is a transformative opportunity that equips Atlantic Canadian companies with the necessary tools and resources to successfully venture into and compete in foreign markets. By leveraging this program, businesses can accelerate their growth, expand their reach, and contribute significantly to the local and national economy through enhanced export operations.
