Building foreign relationships is the basis for a business looking to increase their exports. Alberta’s government is looking to support small businesses that are hoping to increase their exports. The Export Readiness Micro Voucher Program has been designed to assist Alberta Small and Medium sized businesses with the development of an Export Plan or Market Entry Strategy.
Businesses can receive up to $20,000 in funding to support export related activities including strategy, marketing, and pricing plans, research, distribution and logistics, translation support and various other eligible activities and projects.
This program has been specifically designed for export strategy activities to prepare the applicant for international markets. If the applicant is looking for travel support to explore export markets, they should refer to the Alberta Export Expansion Program.
Type of Funding available
The Export Readiness Micro Voucher Program will provide companies with up to $20,000 for eligible costs incurred by a business when working on projects. Funding is given directly to the applicant and may be disbursed upon investment receipt and approval of a final project
- For profit organizations
- Must have a minimum of $20,000 of revenue (sales) in the current or previous fiscal year
- Meet the following definition of an SME: a company with fewer than 500 Full Time employees, and less than $50,000,000 annual gross revenue
- Be incorporated in Alberta AND/OR incorporated in another jurisdiction and extra provincially registered in Alberta
- Be a General Partnership, Limited Partnership, or Limited Liability Partnership and registered in Alberta.
- Have had no more than one previous ERMV
All Applicants must also:
- Exist as a corporate person, with up-to-date corporate filings
- Be authorized to undertake the proposed project, and execute a grant with Alberta Innovates on standard terms
- Not otherwise be prohibited from receiving Alberta Innovates funding, for instance due to a past bad debt or otherwise not be in good financial standing with Alberta Innovates or its subsidiaries, InnoTech Alberta and C-FER Technologies
- Have a physical presence in Alberta.
- Market entry strategy or export plan
- International marketing plan
- Export pricing strategy
- Research on export markets for product
- Distribution and logistic
- Help to find a broker or distributor, including international distribution channels
- Business services and advice
- Accountancy (taxes, receivables etc.)
- Legal (contract support, patent protection)
- Tariff, certification requirements, regulations and insurance advice
- E-Business or online strategy (may include online international plan, sales or online security advice)
- Translation support (translate user manuals, product guides, labelling etc.)
Projects must be completed within 6 months of acceptance of the proposal, or by April 1, 2023
The program is accepting applications until May 1, 2023, or until all funds allocated to the program have been used.
To discover more about government grants and funding opportunities, contact one of our Funding Experts today.