Export Funding NB
NB, Canada
Money to enhance export marketing for New Brunswick businesses
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Construction
- Manufacturing
- Wholesale trade
- Transportation and warehousing
- Information and cultural industries
- Finance and insurance
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
grant_single|grantors
- LearnSphere
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get up to $15,000 to cover 65% of the costs of short-term projects relating to export strategy, planning and marketing activities.
grant_single_labels|projects
This grant is specifically available to businesses with their head office operating in a certain region within Canada. The eligibility requirements ensure that only companies from this particular area qualify for funding.
- Companies with their head office registered and operating in New Brunswick, Canada.
grant_single|admissibleProjectsExample
$12,350
Ottawa
Execute a video marketing campaign for product exports
$10,400
Calgary
Create SEO optimized website additions for export markets
$11,050
Halifax
Generate leads through paid online advertising campaigns
$11,700
Toronto
Develop a social media strategy for export growth
$13,000
Vancouver
Develop an export plan targeting the European market
$9,750
Montreal
Design marketing materials for a trade show booth
grant_single_labels|admissibility
To be eligible for financial assistance through Export Funding NB, applicants must meet specific requirements related to their business location, activities, and economic performance.
- The applicant must have their Head Office registered and operating in New Brunswick.
- The applicant must be exporting or planning to export.
- The applicant must have a Canada Revenue Agency (CRA) business number.
- Applicants must demonstrate an increase in revenue, profit, or workforce in the past two years and that the proposed activity will improve export performance.
- The program is open to all industry sectors, except retail/wholesale, real estate, government services, personal or social services and softwood lumber.
grant_eligibility_criteria|who_can_apply
To apply for the Export Funding New Brunswick Program, an applicant must meet the following criteria:1. The Head Office must be registered and operating in New Brunswick.2. The applicant must be exporting or planning to export.3. The applicant must have a valid Canada Revenue Agency (CRA) business number.4. Demonstrate an increase in revenue, profit, or workforce in the past two years.5. Show that the proposed activity will improve export performance.6. Must not belong to ineligible sectors such as retail/wholesale, real estate, government services, personal or social services, and softwood lumber.7. Professional services like marketing firms or creative agencies can only apply if their project provides a unique or strategic opportunity with potential economic benefit to NB.8. Applicants must not have made financial commitments prior to submission or costs incurred will not be eligible.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions are in place to prioritize sectors that align with the program's goals for economic impact and export enhancement.
- Companies operating in retail or wholesale sectors.
- Businesses involved in real estate.
- Organizations primarily providing government services.
- Firms in personal or social services.
- Companies engaged in the softwood lumber industry.
- Professional services such as marketing firms, creative agencies, and business or fitness coaches, unless representing a unique strategic opportunity.
- Entities that have made financial commitments prior to the submission of their application.
grant_eligibility_criteria|eligible_expenses
This program aims to boost the export capabilities of New Brunswick SMEs by funding various projects that enhance their market presence and sales activities outside the province. Eligible activities focus on strategic planning, marketing enhancements, and sales growth initiatives.
- Market research or export plan development.
- Lead generation and sales activities.
- Design and production of marketing materials such as brochures and banners.
- Additions to export-focused websites, including e-commerce integration and SEO.
- Creation and implementation of digital advertising campaigns.
- Development of social media strategies.
- Production of promotional videos.
- Training, coaching, or mentoring related to eligible activities.
- Payment of professional/consulting fees to execute the activities.
grant_eligibility_criteria|zone
The grant covers specific expenses aimed at enhancing export capabilities and activities for New Brunswick SMEs.
- Market research or export plan development.
- Lead generation activities.
- Sales activities, including mapping the sales process and creating a sales playbook.
- Design of marketing materials like brochures and banners for trade shows.
- Export-focused website additions.
- Integration of e-commerce functionality.
- Search Engine Optimization (SEO).
- Translation services.
- Paid online advertising campaigns.
- Social media strategy development.
- Video production.
- Training, coaching, or mentoring on the above activities.
- Other activities that support export growth (as discussed with LearnSphere).
- Professional/consulting fees to undertake eligible activities.
- Online advertising costs.
grant_single_labels|criteria
The evaluation and selection of projects for the Export Funding NB grant are based on specific criteria that reflect the potential economic impact and alignment with the program objectives.
- Demonstrated potential for economic impact and export performance improvement.
- Strategic alignment with the program's objectives to enhance export activities.
- Evidence of past performance in increasing revenue, profit, or workforce.
- Feasibility of the proposed activities and their impact on export growth.
- Clear definition and allocation of project costs and funding sources.
grant_single_labels|register
- Join the Wait List for Notifications
- Fill out the form provided by LearnSphere to join the wait list.
- Ensure your contact information is correct to receive timely notifications when the program reopens.
- Complete the Online Application Form
- Visit LearnSphere’s website and access the Export Funding NB application portal.
- Fill out the application form, ensuring you demonstrate compliance with the program’s objectives and guidelines.
- Attach Required Documentation
- Prepare and attach consultant proposals for each planned activity.
- Include any other supporting documentation needed for your application.
- Submit the Application
- Review your application and attached documents for accuracy and completeness.
- Submit the complete application through the online portal before the deadline.
- Await Evaluation Outcome
- Wait for notification from LearnSphere regarding the evaluation of your application.
- Expect to receive a decision within two weeks of submission.
- Contract Issuance (If Approved)
- If your application is approved, a contract will be issued between LearnSphere and your company.
- Review and sign the contract to proceed with the project.
grant_single_labels|otherInfo
Here are additional relevant details for grant applicants:
- Funding is provided in the form of a reimbursement once the project is completed.
- Applicants must cash flow 100% of the project costs initially.
- The maximum contribution available from the program is up to 65% of eligible costs, not exceeding $15,000.
- Total project costs must be more than $5,000 to be eligible for assistance.
- Consultant fees must be at arm's length and reflect fair market value.
- Project selection prioritizes those demonstrating the highest potential economic impact to New Brunswick.
- Financial commitments made before submission are ineligible for reimbursement.
- All projects should ideally be completed within a six-month period.
Apply to this program
Boost Your Business with Export Funding New Brunswick
Export Funding NB provides financial assistance to New Brunswick SMEs aiming to enhance their sales beyond the provincial borders. The program supports various strategic export activities, helping companies navigate and succeed in international markets.
Detailed Overview of Export Funding NB Program Features
Export Funding New Brunswick (NB) is a comprehensive program amalgamating previous initiatives to streamline the process of obtaining financial assistance for businesses seeking to expand their presence into international markets. Managed by LearnSphere with financial support from the Atlantic Canada Opportunities Agency and Opportunities New Brunswick, this program is pivotal for SMEs in New Brunswick aiming to extend their market reach outside of the province. The program funds incremental activities that are integral to developing robust export strategies, enhancing market penetration, and actualizing sales growth.Eligible businesses, defined as having an industrial presence in New Brunswick and holding a CRA business number, find Export Funding NB particularly beneficial as it finances a wide array of activities. These activities include market research, export plan development, lead generation, sales activities, and digital marketing enhancements like SEO and social media strategies. These funded activities are designed to ensure that New Brunswick businesses not only increase their export capability but also amplify their sales and revenue generation through strategic market engagements.The reimbursement model of this program is another standout feature, allowing businesses to plan and execute projects over a short period, typically up to six months, with the assurance of funding after successful completion. This model encourages businesses to invest confidently in growth-oriented projects knowing that up to 65% of eligible costs, capped at $15,000, will be reimbursed. This financial support acts as a catalyst for projects that otherwise may not be feasible due to financial constraints, providing New Brunswick SMEs the ability to compete globally.Furthermore, the program requires a clear demonstration of potential economic benefits, prioritizing applications that illustrate significant growth in revenue or workforce in concert with export activities. Through a rigorous yet straightforward application process, businesses are evaluated on their potential impact on the New Brunswick economy, ensuring only the most compelling cases receive funding support.In conclusion, Export Funding NB acts as a vital resource for SMEs in New Brunswick seeking to broaden their horizons beyond local and national markets. By facilitating a wide range of export activities, offering substantial financial support, and advising on strategic economic impacts, the program aligns with the overall economic development goals of the province, fostering a robust export culture among its businesses. Despite the current suspension of applications, the program's comprehensive approach and significant benefits make it an indispensable tool for businesses eager to scale their operations internationally once it reopens.
