Export Trade Assistance
PE, Canada
Funding to explore new global opportunities in PEI
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation
grant_single|grantors
- Innovation PEI
- Government of Prince Edward Island
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get up to $3,000 to cover a maximum of 75% of the eligible expenses to get assistance in coordinated trade activities including virtual trade initiatives, travel related activities and incoming buyer assistance focused on bringing buyers and business part
grant_single_labels|terms_and_conditions
This grant provides financial assistance for Prince Edward Island businesses to engage in global trade activities, with varying levels of support depending on the type of activity. The financing modalities are tailored to specific trade engagement events and activities.
- Up to 40% of eligible costs for participation in Innovation PEI Global Trade coordinated trade activities, including travel-related expenses, limited to 2 representatives per business.
- Up to 40% of eligible costs for virtual trade activities, with a maximum contribution of $3,000, covering virtual preparation and participation costs, limited to three activities per year per business.
- Up to 75% of eligible costs, with a maximum contribution of $3,000, for bringing a qualified buyer or partner to PEI, limited to two activities per year per business, with the business covering the remaining 25% of costs.
- Total non-repayable government funding per application cannot exceed 75% of eligible costs.
- Additional COVID-19 related travel expenses are not eligible for funding.
grant_single_labels|projects
The Export Trade Assistance grant provides support to businesses in Prince Edward Island for activities aimed at enhancing their export capabilities. The eligible projects focus on facilitating participation in global trade initiatives and bringing potential buyers to the province.
- Participation in outbound trade missions and trade shows coordinated by Innovation PEI, covering travel, accommodation, and per diem costs for up to two representatives per business.
- Engagement in virtual trade activities, including registration fees, virtual booth setup, and digital marketing consultancy fees, with a limit of three activities per business annually.
- Arranging visits for qualified buyers or partners to Prince Edward Island, covering travel, accommodation, and per diem costs, with a limit of two visits per business annually.
grant_single|admissibleProjectsExample
$ 2,400
Bring international buyers to Montreal for facility visits and familiarization tours
$ 2,175
Organize a virtual trade show to connect with international buyers
$ 1,125
Travel to Calgary for an Innovation PEI Global Trade mission
$ 1,950
Set up a virtual booth at an international trade fair from Halifax
$ 1,950
Participate in a trade show to showcase eco-friendly products
$ 2,175
Engage in virtual trade activities to enter new markets from Winnipeg
grant_single_labels|admissibility
Eligibility for this grant program requires that businesses meet specific criteria related to location, operations, and industry sector.
- The business must be located in Prince Edward Island.
- The business must be registered to conduct business and actively operate in Prince Edward Island.
- The business must be an active exporter or an export-ready business.
- The business must export products and/or services that it manufactures, processes, or develops primarily for export.
- The business must operate within one of the following strategic sectors:
- Bioscience
- Aerospace and defence
- Advanced manufacturing and processing
- Food, seafood, and beverage processors/manufacturers
- Renewable energy and clean technology
- Information and communications technology
- Professional services
- Creative and cultural industries
- First-of-its-kind exportable goods or services in other sectors may be considered.
- Retail and consumer service businesses are ineligible.
- Businesses with a defaulted outstanding debt obligation on file in the Province’s Central Default Registry are ineligible.
- New project submissions from applicants in default on any reporting, project completion, or financial obligation to Innovation PEI will not be reviewed until a resolution to the default is reached.
grant_eligibility_criteria|who_can_apply
Eligible applicants for Export Trade Assistance must be businesses located in Prince Edward Island that are registered and actively operating in the province. They should be active exporters or export-ready businesses exporting products or services they manufacture, process, or develop for export. Additionally, these businesses must operate within one of the strategic sectors such as bioscience, aerospace and defence, advanced manufacturing and processing, food, seafood, and beverage processors/manufacturers, renewable energy and clean technology, information and communications technology, professional services, creative and cultural industries. First-of-its-kind exportable goods or services in other sectors may also be considered.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.
- Retail and consumer service businesses.
- Businesses with a defaulted outstanding debt obligation in the Province's Central Default Registry.
grant_eligibility_criteria|eligible_expenses
The Export Trade Assistance grant supports initiatives aimed at aiding Prince Edward Island businesses in expanding their global reach. The eligible activities focus on facilitating various trade-related tasks and promoting international business relations.
- Participation in outbound trade missions and trade shows with associated travel-related expenses.
- Engagement in virtual trade environments, including digital preparation and participation costs.
- Bringing qualified buyers or partners to Prince Edward Island for facility visits or familiarization tours.
grant_eligibility_criteria|zone
This grant is available only to businesses located in Prince Edward Island, Canada. The geographical eligibility is exclusive to support local businesses in this region for export-related activities.
- Businesses located in Prince Edward Island.
grant_single_labels|criteria
The evaluation and selection of projects for the Export Trade Assistance grant are based on several key criteria to determine the potential benefits and viability of the proposed activities.
- Potential for long-term viability.
- Export sales potential.
- Qualifications and track records of managers.
- Economic benefit to the province and business.
- Availability of assistance funds.
- Employment creation.
- Level of assistance from other government programs offered or available.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Consult with Trade Development Officer
- Contact an Innovation PEI Trade Development Officer to discuss the suitability of your project for Export Trade Assistance.
- Receive guidance on the application process.
- If applicable, explore alternative funding programs with the officer.
- Step 2: Prepare Your Application
- Gather detailed business information and supporting documents including business history and description.
- Provide annual sales figures and market details.
- Outline the proposed project or activity, detailing its relation to your products/services.
- Describe the economic benefits to both the organization and Prince Edward Island.
- Prepare a detailed budget with estimated costs, supported by written quotations.
- Detail export-related information, including export percentages and largest markets.
- Step 3: Submit the Application
- Complete and submit an application form before making any financial or legal commitments related to the project.
- Ensure all uploaded files are clear, with entire documents visible and nothing cropped out.
- Visit guidance pages if encountering issues with the online submission process.
- Step 4: Await Application Review
- Understand that complete applications are reviewed on a first-come, first-served basis.
- Be prepared for additional evaluation based on criteria like long-term viability and economic benefits.
grant_single_labels|otherInfo
This grant is designed to support PEI businesses in global trade activities with specific guidelines and a structured application process.
- Applications are reviewed on a first-come, first-serve basis.
- Innovation PEI reserves the right to deny applications or payment requests if fraud is suspected.
- An application must be submitted before any financial or legal commitment is made on the project.
- Further application details include the history and description of the business, annual sales and market details, and a detailed budget of estimated costs supported by written quotations.
Apply to this program
Boost Your Export Potential with the Export Trade Assistance Program
The Export Trade Assistance Program offers vital support to Prince Edward Island small businesses aiming to enhance their presence in global markets. It is tailored for active exporters or businesses ready to expand internationally, providing financial assistance for a range of export-oriented activities.
Unleashing New Export Opportunities for PEI Businesses
The Export Trade Assistance program is a comprehensive initiative designed to propel small businesses in Prince Edward Island to new heights on the global stage. It's an invaluable opportunity for companies within strategic sectors such as bioscience, aerospace and defence, advanced manufacturing, and more. By offering financial support for various activities, the program bridges the gap between local and international markets, ensuring that PEI businesses can compete effectively on a global scale.
This grant focuses on supporting businesses that are either already exporting their products or are poised and prepared to enter international markets. With a specific focus on sectors that have been strategically identified as significant for the regional economy, the program aims to enhance the overall export potential of the province. This aligns with the broader economic goals by not only diversifying the economy through increased exports but also by fostering innovation within these key sectors.
Eligible businesses can tap into funding for both traditional and virtual trade activities. This includes participating in major trade shows and missions, which are critical opportunities for showcasing products and establishing business connections. Companies can receive up to 40% reimbursement of predetermined eligible costs for these activities, with restrictions in place to streamline and ensure the efficient use of funds. For virtual trade activities, an IPEI contribution up to $3,000 is available, helping businesses to adapt to the changing trade environment, which increasingly values digital participation and engagement.
Additionally, the program supports initiatives designed to bring potential buyers and partners to Prince Edward Island. This can enhance business relationships and potentially lead to closing sales directly in the province, thereby reinforcing local economic benefits. The costs associated with such visits are heavily subsidized, with reimbursement covering up to 75% of predetermined expenses.
The program's structured approach not only provides financial alleviation but also navigates businesses through the complex landscape of international trade. By aligning financial support with strategic business activities, it encourages a more proactive and dynamic approach to exporting. Moreover, the emphasis on performance monitoring ensures that the program remains outcome-focused, thereby maximizing the economic benefits to the province and contributing to its economic resilience.
This initiative is not just about expanding market reach but also about enhancing the capabilities and competitiveness of PEI businesses. By engaging with the program, businesses gain more than just financial benefits; they receive guidance and support that enable them to refine their strategies and expand their operational outlook beyond domestic borders. The result is a more robust and globally competitive business environment within Prince Edward Island, offering long-term growth opportunities founded on sustainable practices and innovation.
Ultimately, the Export Trade Assistance grant serves as a catalyst for growth, helping PEI-based businesses overcome the hurdles of international expansion and enabling them to thrive in a competitive global marketplace. By participating in this program, businesses can look forward to not only increasing their export sales but also contributing significantly to the province’s economic prosperity, establishing Prince Edward Island as a notable player in the international trade arena.
