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Export Development Program │Invest Nova Scotia

January 14, 2025

Value

Up to a maximum of $15,000 CAD.

Description

The Export Development Program (EDP) is for Nova Scotia businesses looking to:

  • increase sales outside Nova Scotia
  • improve competitiveness
  • positively impact the Nova Scotia economy

EDP provides financial incentives to offset the cost of projects that assist a business’s ability to overcome barriers to export growth. EDP offers two streams to support your business growth:

Stream 1: Travel, Trade Shows, Conferences, and Trade Missions (in-person and virtual)

Stream 2: Hire a Consultant or Service Provider

Eligible Applicants

Applicants must meet the following criteria:

  • Be a Nova Scotia registered business in good standing (current registration on the Registry of Joint Stock Companies).
  • Have a permanent establishment in Nova Scotia.
  • Have most of its workforce currently residing in Nova Scotia. (Some exceptions may apply where it can be demonstrated that the economic benefit can be accrued to Nova Scotia. Contact the Regional Business Development Advisor in your area to discuss.)
  • Be engaged in, or have imminent plans to engage in, commercial activities outside Nova Scotia, with fully developed exportable product(s), service(s), technology(ies), and/or intellectual property to the satisfaction of Invest Nova Scotia.
  • Have a business plan and a strategy to sell products/services outside Nova Scotia outlining the business’s target market and distribution channels and challenges in the target market and how they will be overcome.
  • Have no outstanding or pending claims/litigation, injunctions, judgments, orders, legal or administrative actions, or similar proceedings against the business, its principals and/or any related business(es). (Some exceptions may apply. Contact the Regional Business Development Advisor in your area to discuss.)
  • The business, principals and/or any related business(es) shall not be in default of any obligations under any other form of financial assistance and/or incentive program from Invest Nova Scotia, the Province of Nova Scotia, or by any agency of the Province of Nova Scotia. For purposes of this criteria, the Credit Union Small Business Loan Guarantee Program is considered a form of financial assistance provided by the Province of Nova Scotia.
  • Businesses and their related entities may be limited to funding for one business only at Invest Nova Scotia’s sole discretion.

Eligible Expenses

The Export Development Program contributes up to a maximum of $15,000 CAD of eligible costs for a business to:

  • Travel to a market outside Nova Scotia to visit clients, potential partners, and investors, or participate in a government trade mission
  • Participate in an in-person or virtual trade show or conference
  • Have foreign clients, potential partners or investors visit the business’s Nova Scotia facilities for the first time
  • Hire a consultant/service provider to address challenges or barriers to selling products/services outside Nova Scotia as well as services to improve competitiveness

Deadline Date

The application intake period for EDP is from February 28, 2024, to January 14, 2025, at 5:00 PM AST, or until program funding is fully subscribed.

Contact

Contact Name: Dan Surette

Phone Number: 902.774.0823

Website: https://investnovascotia.ca/export/programs-services/export-development-program

Industry:

Export

Location:

Nova Scotia

Tags:

Entrepreneurship, Global Market

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