CanExport hits impressive milestone: 500 Canadian small and medium-sized enterprises funded to reach new international markets
News Release
November 23, 2016 - Ottawa, Ontario - Global Affairs Canada
CanExport has reached an impressive milestone: 500 Canadian small and medium-sized businesses (SMEs) have been approved for funding since the program started this year.
Launched in January 2016 by the Honourable Chrystia Freeland, Minister of International Trade, and the Honourable Bardish Chagger, Leader of the Government in the House of Commons and Minister of Small Business and Tourism, CanExport provides financial support to help Canadian SMEs develop new international markets and increase their contribution to Canada’s economy.
To date, successful applicants have been supported in a broad range of endeavours in all regions of the globe—from innovative technology for monitoring water quality in India to Canadian jewellery accessing the Chinese market to customized information technology solutions and products for service providers in Finland.
Canadian SMEs planning or considering upcoming international business development activities in new markets are encouraged to apply for CanExport funding.
Quotes
“I am proud of the valuable support CanExport is providing to small and medium-sized businesses across Canada. This program is part of Canada’s progressive trade strategy, helping innovative and export-oriented businesses succeed on the world stage and in turn creating good-quality jobs for our middle class.”
- Hon. Chrystia Freeland, P.C., M.P., Minister of International Trade
“To innovate, expand and create growth, our small and medium-sized businesses need to export. That’s why the Government of Canada is making sure the global market is available to them so their products and services can compete internationally and they create jobs here at home for Canada’s middle class and those working hard to join it.”
- Bardish Chagger, Leader of the Government in the House of Commons and Minister of Small Business and Tourism
“Thanks to the significant support and commitment of the Government of Canada through the CanExport program and the Trade Commissioner Service, a crucial component of KORITE’s strategic corporate entry into the emerging China market has been accomplished for our gem-grade ammolite products. KORITE is grateful for this support and looks forward to a rewarding long-term relationship with the Government of Canada.”
- Martin Bunting, Chief Executive Officer, KORITE
“We at Missing Link Technologies are proud to partner with the Government of Canada, through the support of the CanExport program, in developing a market for our customized solutions in information and communication technology in Finland. We believe that this is a growing market for our company, and we look forward to developing our business opportunities in that region. The simple and quick CanExport process is allowing us to grow as an organization through the export of our products and services internationally, and we look forward to continuing this relationship.”
- Charles Gervais, President, Missing Link Technologies Ltd.
“The reputation of the Government of Canada and the trade commissioners has been a major factor in the exploration and branding of our company, specialized in environmental remediation strategies, in China. Further, the support of CanExport and of the National Research Council Canada’s Industrial Research Assistance Program for our SME model has shifted the view of the commitments associated with development and globalization from that of concern to one of opportunity.”
- B.J. Min, Chief Executive Officer, TRIUM Environmental Inc.
Quick facts
- CanExport provides Canadian SMEs with matching contributions of between $10,000 and $100,000 toward export development costs related to their entry into a new market.
- To date, more than $15.2 million has been committed to support Canadian SMEs entering new markets.
- CanExport offers a simple process and a quick turnaround for decisions, making it accessible and easy for small companies who need support to grow.
- Approved CanExport projects can include eligible activities and expenses starting 25 business days after companies submit their application and can take place over many months.
Associated links
Contacts
Alex Lawrence
Press Secretary
Office of the Minister of International Trade
alex.lawrence@international.gc.ca
Media Relations Office
Global Affairs Canada
343-203-7700
media@international.gc.ca
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