Launch Export Incubator Grows Export Capacity in Atlantic Canada
Program Overview & Objective
Under the Atlantic Growth Strategy, the four Atlantic Canadian provinces and the Atlantic Canada Opportunities Agency (ACOA) offer the Launch Export Atlantic Incubator Program. This exporter readiness program builds the export capacity of small businesses in Atlantic Canada with the goal of enabling long-term economic growth in the region.
Launch Export selects 32 eligible companies to participate in the program (eight from each Atlantic Province). With the support of the provincial and federal governments, participation gives each company access to an estimated $15,000 of valuable export training, coaching and consultation.
Launch Export Goals and Objectives
Goals:
- Build an export culture among Small and Medium Enterprises (SMEs – companies with fewer than 499 employees) in the Atlantic Provinces
- Increase Atlantic Canada Exports
- Leverage sustainable growth in Atlantic Canada
Objectives:
- Increase the number of Atlantic Canadian companies (SMEs) exporting
- Increase the value of Atlantic Canadian small business exports
Increase the percentage of Atlantic Canadian companies (SMEs) exporting to more than one market
Eligible Applicants
To be considered for the Launch Export Program, you must be a registered business in Atlantic Canada that qualifies as a Small or Medium Enterprise (max 499 employees). As there are only eight available spots per province, there will be a selection process to assess and finalize applicants. It is important to note that all selected businesses must agree to fully partake in all the required components of the Launch Export Program.
To be eligible for Launch Export, the SME must:
- Have interest to sell its products and/or services outside of Canada.
- Have a developed product and/or service to sell.
- Be available to fully participate in all required program activities, including:
- Needs Assessment Interview
- Virtual Training including:
- Customer Discovery
- Competitive Intelligence
- Export Budgeting/Cash Flow Projections
- Pricing Strategies for Export
- Sales Training
- Trade Show/Mission Training
- Participate in coaching activities (online or via phone)
- Participate in all program surveys
Participants accepted into the Launch Export Program will also be invited to participate in an Educational Trade Mission to the US. The current mission is planned for Atlanta, Georgia in the late spring.
Immediate Benefits
The short-term quantitative benefits for each organization based on the services and training you will receive are estimated to be $15,000 in value. If you are selected for participation in the Launch Export program, you will receive:
- Support to develop an Export Monthly Action Plan (Export MAP) to guide export planning
- Targeted export educational sessions
- Customer Discovery
- Competitive Intelligence
- Export Budgeting – Cash Flow Projections
- Pricing Strategies for Export
- Sales Training
- Virtual Trade Training
- Coaching opportunities on how to solve export challenges and enter foreign markets
- Educational Trade Mission to the US – includes travel funding support
Intermediate to Long-Term Benefits
Participation in Launch Export could lead to one or more of the following outcomes:
- Entering one or more new market(s) outside of Canada
- Introducing a new product or service to a new market outside of Canada
- Increased export sales outside of Canada
- Participation in a global value and/or supply chain
- Increased investment in the business
- Understanding the requirements needed (i.e., certifications) to enter a specific market outside of Canada
Application Process
To apply for Launch Export, please complete the online application form HERE. Applications will be reviewed by each provincial representative. Launch Export will accept 8 qualifying SMEs from each Atlantic province to participate. Please note, if accepted, the fee to participate in the training and coaching components is $250 (payable in the fall) and the optional educational mission fee is $250 (payable in the winter). Please note that the application period closes on September 6, 2024. During the remainder of the year, please contact the provincial representative below to be notified when the program applications open.
Application Intake
Applications for Launch Export 2024-25 program are open. For more information on the program, please contact the representative for your province:
Provincial Contacts
Laurel Veitch or Kevin Pomroy
Provincial Trade Commissioners, Government of Newfoundland and Labrador
709-729-8055/709-729-1946 | laurelveitch@gov.nl.ca/kevinpomroy@gov.nl.ca
Olivia Steeves
Export Development Executive/Chargée de l’expansion des exportations,
Opportunities NB/Opportunités NB
Valerie Caswell
Export Development Executive, Invest Nova Scotia