Well, whether we’re thrilled about it or not, we’ve officially put 2019 behind us and have welcomed 2020! As Canadians prepare for the year ahead, many businesses plan to undergo a similar jumpstart. Companies and governments operate on cycles that change throughout the year. These organizations tend to prepare and/or focus on annual budgets while…
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The federal and provincial government offer a wide variety of support to Canadian businesses who wish to grow or start exporting to new markets. By attending the free Funding to Support Export Expansion webinar, you will learn about various government export funding programs that help businesses grow in export markets by providing business grants of…
Global Affairs Canada recently released its report Canada’s State of Trade 2019. Authored by the Office of the Chief Economist (OCE), the report overviews the major developments in Canada’s imports and exports in 2018. In Part 1 of my blog on this report, I described the report’s most relevant points about domestic and foreign economies…
Global Affairs Canada has released Canada’s State of Trade, an evaluation of the country’s economic performance. The report highlights and assesses key developments in Canada’s international trade and examines domestic and foreign economic trends. According to the report, the global economy has seen weaker growth than in previous years; however, Canada’s exports and imports both…
Many businesses that Mentor Works deals with have heard of the two most popular research and development (R&D) funding programs: NRC’s Industrial Research Assistance Program (NRC-IRAP) and the SR&ED tax credit program. Both are valuable programs that support innovation and commercialization efforts. However, most of our clients are unaware of the wider range of programs…
Despite the transition to digital means of marketing and communication, exhibiting at trade shows remains a powerful tool and one of the most rewarding forms of marketing when approached with the right strategy. Today, according to statistics compiled by spingo.com, 99% of exhibitors believe that trade show marketing provides unique value that is not provided…
UPDATE: This program was previously called Going Global Innovation (GGI). The content has been updated to reflect the new name, CanExport Innovation (CXI). Canadian companies are internationally recognized as some of the most creative, innovative firms in the world. But despite this reputation, Canada is falling behind in terms of its opportunities to spur innovation….
On August 22, 2019, the CanExport funding program undertook two significant updates that impacted how the program operated and the value it provided to Canadian exporters. The first and most notable update was to the program’s contribution amount, while the second focused on company eligibility. Previously, agriculture and agri-food companies were unable to apply; these…
There are hundreds of Canadian small business grants and loans that companies can apply to. There are some key strategies to keep in mind to optimize your chances of success though; for one, always consider the program’s eligibility criteria. It’s not worth applying to small business grants and loans that are not a fit for…
Alberta business grants and loans are an ideal way to support your organization’s upcoming strategic projects. Funded through the provincial and federal governments, there are a wide range of incentives that companies can use to offset costs and improve growth potential. It’s beneficial for businesses to create a plan of what to apply to and…