PEI - Export Trade Assistance
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.
Overview
At a glance
Funding available
- Develop strategic partnerships
- Optimize production processes
- Access new markets
- Maximum amount : 3,000 $
- Up to 75% of project cost
Eligible candidates
- All industries
- Prince Edward Island
- Sole proprietorship
- For-profit business
- All revenue ranges
- All organization sizes
- Startups
Next Steps
Activities funded
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.
Eligibility
Who is eligible?
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.Who is not eligible
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.
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.
Eligible geographic areas
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.
Selection 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.
How to apply
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.
Additional information
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.