Now is the time for Canadian companies to export globally.
A lower Canadian dollar, limited domestic growth and a strengthening U.S. economy have established the right conditions for Canadian firms to go global.
To help Canadian firms increase their export potential, the Toronto Region Board of Trade has launched TAP GTA, a trade accelerator program to serve as the one-stop-shop for a company’s exporting needs.
Through its Lead & Supporting Partners, TAP GTA gives companies access to Canada’s top exporting advisors, resources and contacts.
The Toronto Region Board of Trade encourages companies to take advantage of this unique opportunity to accelerate their firm’s growth and export capacity.
The companies being sought for TAP GTA should meet the following criteria:
- Generates more than $1 million in annual revenue
- Is already exporting a product or service, but wishes to diversify its export markets - OR - Has taken exploratory steps abroad
- Is willing to dedicate a senior representative to participate in the program and apply its resources
- Has a product or service with a strong competitive advantage as a result of quality or patent protection
- Is a good corporate citizen, devoid of corruption, environment and human rights violations
- Can share two years of financial statements with its application to demonstrate its solvency
Please submit the following documents to firstname.lastname@example.org
- A duly completed application form
- Financial statements for the last two fiscal years
The services and visibility offered by TAP GTA are valued to be approximately $25,000. If chosen, companies must agree to pay the sum of $2,500 to the Toronto Region Board of Trade. Once paid, this non- refundable amount will confirm the participant's commitment to the program and will help support the cost of delivery.
- How long is the program?
The program is three months in duration.
- When does the program begin?
The Trade Accelerator Program currently runs every quarter. Please contact email@example.com for information on the next intake.
- What happens during the program?
Within three months, leading Canadian export advisors will help your business complete a new Market Entry Plan and then begin its activation. Through its Lead and Supporting Partners, the program gives you access to Canada's top exporting resources, tools and contacts. The support will involve a combination of workshops, clinics, one-on-one coaching and webinars.
- What does the program cost?
The cost of the program is $2,500. However, the services and visibility offered by TAP GTA are valued to be approximately $25,000. The program also asks you to dedicate a senior representative to participate in the program and to apply its resources.
- How much time is required for the program?
We know that you are busy running a growing business. As such, we have designed the program to be flexible. Other than attending two workshops in Toronto and meeting in person with our Lead & Supporting Partners, you can complete the program from your own office. Companies who will benefit most from the program will devote some time each week to building a new Market Entry Plan with our Lead and Supporting Partners.
- Which companies should apply?
The program is seeking firms on the cusp of exporting to a new market. Specific eligibly guidelines are outlined in the program's application package. The program is open to all Canadian companies. The program is not sector focused.
- Who is involved with the program?
Your company will have the opportunity to work with our Lead & Supporting Partners, including: RBC, CN, UPS, Export Development Canada, the Business Development Bank of Canada, the Canadian Trade Commissioner Service, the Ontario Ministry of International Trade and others. Once we have helped you identify a new market, the Board can also help you connect with international consular services and business associations for additional support.
- What is the benefit to my company?
You can accelerate your business's growth and export potential through TAP GTA. The program saves you time and energy by pulling together all the resources, information and contacts you need to go global. If you have ever considered tapping a new market, now is the time. A lower Canadian dollar and limited domestic growth have established the right conditions for Canadian firms to go global.
- What happens after the program ends?
The hope is that your company will be working with our Lead & Supporting Partners to activate a new Market Entry Plan. These Partners have grants, information and contacts that can be leveraged for your benefit. Additionally, the Board will continue to stay in touch to track your progress and to help where it can.