Canada announces funding to help technology firms expand into new global markets
Mar. 08, 2019
Global Korean Post
With the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Canada-European Union Comprehensive Economic and Trade Agreement (CETA), and the new Canada-United States-Mexico Agreement (CUSMA), Canada has secured preferential access to 1.5 billion customers in more than 50 countries.
The Government of Canada is focussed on supporting Canadian businesses of all sizes to expand their opportunities to sell innovative products and services around the globe.
Omar Alghabra, Parliamentary Secretary to the Minister of International Trade Diversification, announced $17 million over five years to expand the successful Canadian Technology Accelerator (CTA) program.
As outlined in the Fall Economic Statement 2018, this funding is part of Canada’s commitment to help small and medium-sized enterprises expand and diversify their exports.
The funding will allow the expansion of CTA programming to global innovation centres: Berlin, Delhi, London and Mexico City.
This builds upon the recent expansion of the CTA to four Asian cities (Hong Kong, Taipei, Tokyo and Singapore), funded as part of Budget 2018’s commitment to strengthen Canada’s diplomatic and trade support presence in Asia.