We want to help you make sure your idea for a project is eligible to be assessed before you spend your valuable time preparing an application. This FAQ should help you decide if this is the case.
Government funding is available for projects that help industry gain firsthand knowledge of export opportunities; undertake market research on products and competitors; develop and distribute marketing materials; and make one-on-one connections with foreign buyers and decision makers to ultimately increase export sales for the sector. Projects may involve activities like attending tradeshows, participating in trade advocacy missions, meeting with potential buyers and more (see below for list of eligible project activities).
You must be appropriately registered, licensed, certified, etc. to do business in BC or have a head office in BC, and be marketing a product grown or processed in BC. BC processed food is any food, seafood or beverage product processed and packaged in BC with more than 85 percent of the product’s main ingredients produced in BC. In cases where the main ingredients are not available in BC in sufficient quantities, the food must be processed and packaged entirely in BC. Eligible participants are:
Applicants must identify their specific international marketing objectives in their application and provide evidence that they have the capacity to meet their objectives within the project timeframe.
The BC Agrifood & Seafood Export Program provides government funding to enable industry engagement in international market development activities including, but not limited to:
Please note: car rental costs for travel between event/activity locations are eligible for reimbursement.
You must complete and submit your Final Project Report (including all receipted expenditures) to IAF within 30 days of your project end date (include your anticipated completion date in your application form). Eligible activities must be completed by March 31, 2018, and all reporting submitted no later than March 31, 2018, unless a later activity and reporting date is approved in writing by IAF.
The BC Agrifood & Seafood Export Program is a cost-shared program. IAF may contribute up to 50% of the total cash cost of the project budget. (In-kind contributions can be included as part of the overall project budget, but they are not eligible for matching funding.) IAF will cost share to a maximum of $50,000 per applicant this fiscal year, for eligible activities completed by March 31, 2018. (Applicants may apply for multiple activities, up to the $50,000 maximum available per applicant.)
Government funding is available to a maximum of $50,000 per participant this fiscal year, for eligible activities completed by March 31, 2018. The amount of funding approved depends not only on the eligibility of project activities, but on prescribed funding limits associated with each activity (i.e., for travel/accommodation-related expenses, IAF will provide reasonable reimbursement covering basic airfare and hotels; any costs exceeding these limits must be covered by the recipient).
Yes, in many cases you can include the costs for consulting services as long as the consultants’ activities are directly related to your efforts in increasing export sales and expanding international market access. You must include a copy of the contract/agreement that you have with the consultant when you submit your application to IAF. In addition to clearly identifying the consultant’s scope of work and deliverables, the contract must also include the fees that the consultant is charging you.
Applications to the BC Agrifood & Seafood Export Program are accepted on an ongoing basis, until all of the program funding has been expended. Completed applications will be reviewed approximately every 4 weeks. All applicants will be notified as soon as funding decisions have been made. (Please see Application Deadlines on the webpage for more details.)
We will provide you with a reporting template that reflects the approved budget for your project. Remember that you will need to submit receipts for all of the approved expenses that you are claiming. The receipts must clearly show the amount that you paid in the local currency, and the conversion to Canadian dollars based on the exchange rate for the date that you incurred the cost. You can find the Exchange Rate Calculator at http://www.bankofcanada.ca/rates/exchange/daily-converter/.
We will also be asking you to tell us about the impact that your export activities have had, or that you can anticipate it will have, on your business. Results such as “our export sales have increased by 18% over last year”, or “we were successful in signing with 2 new distributors covering China”, or “we anticipate that we will ship 250 more cases of our product into the USA”, or “we have added a second shift with 3 employees to help us meet the new demand.” We won’t require you to share your company’s proprietary information. It is important to you and to us, to have an understanding if the program funding is meeting its objectives.
Your completed report must be submitted within 30 days of completing your approved activity. If you have more than one approved activity, you must send us your report within 30 days of each of the approved and completed activities.
You can send your report and receipts to us by mail, by fax or by email. And remember, that the receipts must be legible!
IAF encourages all potential clients to contact one of our Program Managers before applying. You can reach us by email at email@example.com or by telephone at 250-356-1662.