The Department of Foreign Affairs and International Trade (DFAIT) is currently undergoing the process of updating their policies with respect to the Information Technology Agreement (ITA) patroned by the World Trade Organization (WTO). The current ITA is a multilateral tariff elimination agreement that reduces import duties for WTO member countries on approved IT products and technologies. The ITA product coverage has not been updated since 1997; therefore, many products and technologies are not currently covered. The new ITA looks to include many additional technologies, which would benefit those in the Canadian IT industry that have trade partnerships with WTO member countries.
Receive Small Business Funding Grants for Export Market Expansion
In light of the recent updates to the Information Technology Agreement; Canadian IT exporters may be interested in improving their market share within WTO member countries. The Canadian Government offers a variety of government grants for small business expansion efforts, including:
- Export Market Access - Businesses can receive up to $30K in grant funding or 50% of their expenses to participate in an international trade show. Some of the expenses covered by this program include the travel and accommodation costs as well as the marketing expenditures (booth, marketing materials etc.).
- CME SMART Prosperity Now – This program provides up to $75K or 33.33% of the expenses related to the establishment of a new international marketing campaign for manufacturers with an export focus. Included expenses can range a variety of activities including efficiency improvement s to improve industry competitiveness.
- Going Global Innovation – The GGI program is a $75K grant that supports up to 75% of the costs related to the development of an international partnership that would bring a new product of technology to the Canadian market. Businesses would be able to receive funding support towards their travel and accommodation costs as well as marketing, translation and legal fees.
Mentor Works: Experts in Canadian Government Grants and Loans
Those who would like to learn more about the Canadian Government Grants for Exporting Industries can contact one of our Canadian Government Funding Experts or browse through our Ontario Government Grants Directory. Businesses can also receive regular updates on government business grants in Canada by following us on Twitter or signing up for our Weekly Canadian Government Funding E-Newsletter.