By Mark Elliott
If you are a startup company in Canada you are probably aware of programs like SR&ED and IRAP . If you are not aware of these programs you might want to get a new accountant.
There are a few programs that can help organizations with sales and marketing initiatives that are less well known. Here is a list of the ones that we are aware of.
- Financial support towards the employment of post-secondary students who will work on e-business projects. The program will reimburse up to 75% of the eligible wages and related expenses such as statutory employee benefits, to a maximum of $10,000.
- Canadian organizations with less than 500 people, have been in business for a year, and are incorporated.
- It is to be used to support businesses on-line activities to improve their competitiveness with e-business practices and technologies.
- Venture Accelerator Partners used this program for some marketing, social media, and sales research initiatives.
- Export Market Access is designed to help small and medium-sized enterprises increase their access to global markets. Generally the EMA program will cover 50% of the eligible costs in four specified areas. Non-repayable contributions generally range from a minimum of $5,000 to a maximum of $30,000 (with the exception of capital bidding projects which generally would not exceed $35,000).
- Ontario based organization targeting a new or emerging market, minimum of five employees to a maximum of 500 employees, annual sales of $500,000 or more, and registered federally or provincially for minimum of two years.
- Many possible activities including participation in international trade shows, marketing, market research, and Foreign Bidding Project.
- VA Partners knows of many organizations that have taken part in this program.
- Up to a maximum contribution is $30,000 towards the salary costs of a post-secondary graduate.
- Canadian organizations with less than 500 people and are incorporated.
- Graduates work on innovative projects within the small and medium-sized enterprise environment and may participate in research, development and commercialization of technologies.
- I am not as familiar with this program, but we have a client that has an application in for this program.
These programs are excellent ways to add new sales and marketing capabilities. VA Partners part-time Sales and Marketing offerings could also help to provide additional cost effective support. If you are aware of any other Sales and Marketing programs please let us know.
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One Response to Government funding for sales and marketing initiatives
It is very informative and useful blog for emerging or budding enterpreneurs in the Canadian market. While starting a business, most important requirement is money. Thanks to Canadian Government for bolstering and financially supporting the emerging businessmen. All the three programs are useful for different category business holders. For e-business owner, Small Business Intern Program is good option to get upto 75% of the eligible wages and related expenses such as statutory employee benefits to maximum of $10,000 reimbursed. Other program gives opprtunity to make business globalized. It shows a good scope for post-secondary graduate people to bring innovative ideas and starts own business.