Export Enhancement and Diversification Fund ### 📋 Eligible Entities - Businesses based in Prince Edward Island - Current exporters with established export operations - Export-ready businesses demonstrating capacity to export - Small and medium-sized enterprises (SMEs) prioritized - For-profit business entities - Businesses operating in all sectors (with some exceptions for restricted industries) ### 💰 Funding Details - Grant Type: Non-repayable grant (funding, not a loan) - Funding Range: Specific amounts not detailed in description; typically covers 50-75% of eligible project costs - Matching Requirement: Applicants expected to contribute a percentage of project costs (typically 25-50% cost-sharing) - No Repayment Obligation: Funds do not need to be repaid if conditions are met ### 🛠️ Approved Expenses - Marketing Costs: - Trade show participation and exhibit fees - Marketing materials and promotional activities - Digital marketing and e-commerce initiatives - Brand development for international markets - Trade Costs: - Trade mission participation - Market research and feasibility studies - International certifications and compliance costs - Export documentation and logistics planning - Professional consulting for export strategy - Market Exploration: - Travel for business development and market visits - Product adaptation for new markets - Regulatory compliance for new export destinations ### ⚠️ Conditions & Milestones - Geographic Requirement: Business must be located in and operate from Prince Edward Island - Export Focus: Activities must target new or expanded global export markets - Deliverables: Project must have measurable export outcomes and milestones - Documentation: Detailed export plan and business case required with application - Reporting: Applicants must report on export results and fund usage post-completion - Timeline: Projects must be completed within specified timeframes (typically 12-24 months) - Fund Usage: Expenses must be directly related to approved export activities - Ineligible Uses: Operational expenses, payroll (general), and domestic marketing typically excluded - Performance Verification: Government may