Global Market Development — IDM Fund

Breaking into international markets can be expensive and time-consuming for Ontario-based tech companies, especially when travel, events, and business development costs add up quickly. The Global Market Development — IDM Fund is designed to help information technology businesses take those crucial first steps beyond Canada by offsetting some of the costs associated with global expansion. Delivered by Ontario Creates on behalf of the Government of Ontario, the program focuses on helping SMEs build visibility and relationships in key international territories.

This funding can be used to support participation in major global industry markets and events, whether virtual or in person, as well as targeted sales trips or media tours to meet with pre-qualified leads. Companies can also receive support to join international trade missions led by industry associations or government partners. Recent updates to the program allow for participation in a set of pre-approved global market development activities, with flexibility to propose additional initiatives subject to approval. Funding is non-repayable and typically covers a portion of eligible costs, with support available up to roughly $15,000 for qualifying projects that take place outside Ontario.

For Ontario-based IT businesses looking to grow their international footprint and validate new markets, this program can make global outreach more achievable. Reviewing the full program details can help determine whether your expansion plans are a good fit.