Trade Market Intelligence Service
NS, Canada
Market research support in Nova Scotia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
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Expert Advice
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- grant_single|allIndustries
grant_single|grantors
- Government of Nova Scotia
- Invest Nova Scotia
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grant_card_status|open
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Receive critical market and trade intelligence to help you identify export opportunities for your products, services and markets of intelligence.
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The Trade Market Intelligence Service enables Nova Scotia companies to explore new market opportunities by providing tailored research insights. This initiative focuses on delivering comprehensive analyses and reports to aid in strategic decision-making for market entry.
- Competitor analysis to assess market positioning and strengths.
- Examination of trade regulations including import and export requirements to ensure compliance.
- Study of market characteristics such as demand, size, value, and trends to understand potential for growth.
- Marketing research encompassing trade shows and promotional events for effective outreach strategies.
- Information on industry certifications and standards for new market entry alignment.
grant_single|admissibleProjectsExample
$ 40,000
Launch an export readiness program for artisan food producers
$ 64,000
Organize an international trade fair for local craft manufacturers
$ 80,000
Develop new software tools to help small businesses export goods to international markets
$ 48,000
Implement a digital marketing strategy to maximize online sales in global markets
$ 56,000
Develop a specialized training program for export compliance in international logistics
$ 52,000
Establish a cooperative network to enhance the export capabilities of local organic farmers
grant_single_labels|admissibility
Eligibility for the Trade Market Intelligence (TMI) service is based on several specific criteria.
- The business must be a revenue-generating entity based in Nova Scotia.
- It should have less than 75 full-time equivalent employees (FTEs).
- The company must be export ready or planning to diversify exports within the next 6 months.
- Project questions should be relevant to decision-making for upcoming market entry plans.
- The business must be engaged and referred by a Regional Business Development Advisor or Export Development Executive.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Trade Market Intelligence (TMI) service must be Nova Scotia-based businesses that are revenue-generating with less than 75 full-time employees (FTEs), and are export-ready or planning to diversify exports within the next six months. Additionally, they should be referred by a Regional Business Development Advisor or Export Development Executive.
grant_eligibility_criteria|eligible_expenses
The Trade Market Intelligence (TMI) Service provides valuable market research to Nova Scotia businesses, enabling them to expand and diversify within the export market. Eligible activities under this service include comprehensive analyses and strategic insights tailored to the unique needs of businesses.
- Conducting competitor analysis to better understand the market landscape.
- Reviewing trade regulations and import/export requirements to ensure compliance.
- Analyzing market characteristics such as demand, size, value, and trends.
- Conducting marketing research focusing on trade shows, events, and promotional mediums.
- Providing information on industry certifications and standards.
grant_eligibility_criteria|zone
The Trade Market Intelligence Service is available for businesses that are based in Nova Scotia. Eligible companies should be engaged prior to applying through regional contacts to ensure effective support and collaboration.
- South Shore Region (Lunenburg, Queens, Shelburne)
- Western Region (Yarmouth, Digby)
- Valley Region (Annapolis, Kings, Hants)
- Northern Region (Cumberland, Colchester)
- Northeastern Region (Pictou, Antigonish, Guysborough)
- Cape Breton Region (Cape Breton, Richmond, Inverness, Victoria)
- Halifax Regional Municipality
grant_single_labels|register
- Step 1: Contact Regional Business Development Advisor
- Find your local Regional Business Development Advisor using the contact information provided.
- Reach out to the advisor to discuss your eligibility and needs.
- Obtain your Invest Nova Scotia Customer Number.
- Step 2: Receive Application Link
- Your Regional Business Development Advisor will provide you with the application link.
- Ensure you have your Invest Nova Scotia Customer Number ready for the application.
- Step 3: Complete Online Application
- Follow the provided link to access the online application form.
- Use your Invest Nova Scotia Customer Number and associated email for two-step identity verification.
- Enter the one-time code sent to your email to verify your identity.
- Fill out the application form with the required information.
- Step 4: Submit Application
- Review the completed application form for accuracy and completeness.
- Submit the application through the online portal.
grant_single_labels|contact
902-424-8670
Apply to this program
Harness Market Intelligence for Export Success
The Trade Market Intelligence (TMI) service from Invest Nova Scotia provides Nova Scotia businesses with customized market research to identify export opportunities. This service is tailored to the needs of companies and aims to bolster their export strategies by offering crucial insights at no cost to eligible firms.
Exploring the Depths of Trade Market Intelligence Service
The Trade Market Intelligence (TMI) service by Invest Nova Scotia is a pivotal resource for businesses seeking to expand and diversify their export markets. With a focus on providing detailed and tailored market insights, the TMI service helps companies better understand global market conditions and make informed strategic decisions. At its core, TMI is about equipping Nova Scotia businesses with the knowledge they need to navigate complex market landscapes and capitalize on emerging opportunities.
One of the standout features of the TMI service is the direct collaboration it facilitates between Nova Scotia businesses and knowledgeable regional development advisors. These advisors work closely with companies to understand their specific needs and research objectives. By partnering with sector specialists, Invest Nova Scotia ensures the research conducted aligns with the unique challenges and goals of each business, providing a truly bespoke service.
Invest Nova Scotia utilizes a wealth of proprietary databases and resources to generate comprehensive market intelligence reports. These reports can cover various aspects, including competitor analysis, understanding trade regulations, market size and trends, and marketing opportunities across different regions and industries. This depth of insight allows businesses to not only keep abreast of changing market dynamics but also strategically position themselves to take advantage of potential gaps or unmet needs in the market.
While the baseline criteria for eligibility require businesses to be revenue-generating and based in Nova Scotia, with a workforce of less than 75 full-time employees, and ready or aiming to diversify exports imminently, the benefits of the TMI service stretch far beyond these requirements. For businesses that meet these criteria, TMI offers an invaluable competitive edge, facilitating informed decision-making by unveiling unseen opportunities in the global market.
It's important to highlight that while TMI provides various extensive data and insights, it does not engage in primary research or provide direct sales or pricing lists. However, businesses can greatly benefit from the secondary insights offered, which are collected in compliance with licensing agreements, ensuring the reliability and legal integrity of the information provided.
To access this service, businesses are encouraged to maintain strong connections with their regional business development advisors. These professionals are instrumental not only in helping businesses understand the scope of TMI but also in streamlining the application process. The insights gained from the TMI service are invaluable for businesses poised to make strategic export decisions within the next six months.
The turnaround for project approval is approximately 4-6 weeks, allowing businesses to swiftly integrate new insights into their strategic planning. This expedient timeline ensures that Nova Scotia businesses can maintain momentum and capitalize on time-sensitive market opportunities.
Ultimately, the TMI service embodies Invest Nova Scotia's commitment to fostering business growth and global competitiveness. By leveraging these comprehensive insights, Nova Scotia businesses are better positioned to not only enter new markets but thrive within them, contributing to the broader economic growth of the region.
