The Year’s Best Export Program
Up to 100% Funding Available
The Trade Accelerator Program (TAP) is an intensive export development training program offered by World Trade Centres in Toronto, Vancouver and Winnipeg. Depending on the region and availability of funds the $25,000 program is currently being subsidized up to 100%. To be eligible for funding and to participate in the program applicants must be a Canadian business with an export ready product plus operating for two years and generating a minimum of $1 million in revenue.
Instruction is provided by experts in export development and includes but not limited to:
- Logistics, transportation and distribution – how to develop foreign distribution networks, overcome transportation challenges e.g. food handling and packaging, tracking, and meeting targeted market safety standards
- Accounting and legal issues – importation laws, currency exchanges, trade agreement compliance, dealing with bribery plus how to identify and protect against illegitimate business practices
- Financing and support services – how to arrange insurance for foreign accounts receivable (e.g. Export Development Canada), establish institutional financing and transactional services as well as access available government support (e.g. government funding and international/external affairs services).
- Supply chain development – supply chain development and management, sourcing/out sourcing, negotiating and securing ingredients/components/services for consulting/manufacturing/processing and creating buyer/seller/distributor agreements
- Sales and marketing including effective techniques to secure foreign buyers, e-commerce, recognizing cultural sensitivity, etc.
Additionally, each participating business receives one-on-one instruction on developing an export marketing plan.
Businesses who have previously participated in the program reported, on average, a 70% growth in exports plus attested to being far better prepared to penetrate foreign markets including China, the UAE, Italy and Mexico.
Funding is limited so it is recommended to apply as soon as possible. The next training session begins early January 2018.
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