Ottawa, May 21, 2009 – With a recent confirmation from the Global Opportunities for Associations (GOA) program that CATAAlliance's $140K funding application has been approved, combined with planned delegations to Wuxi as offered through the CATA-China business portal, CATA will be making almost $250,000 in subsidies available to Canadian companies seeking to access Chinese markets in 2009.
The GOA provides up to $150,000 per year to associations who complete the rigorous application process to demonstrate that they are undertaking international business activities in strategic markets and sectors for the benefit of the entire industry.
"In our current economic crisis, technology companies must implement global strategies to grow or maintain their businesses,"says John Reid, president of CATAAlliance. "As a technology association, one of our roles is to facilitate access to funding that will support the global business development efforts of our members and our industry."
By reducing the barriers associated with doing business in China, CATA's funding programs will increase the sales of member companies, generate new and exciting market intelligence, improve market access, and increase Canadian exposure to international clients. The funding not only helps reduce core costs for trade show floor space, but offsets travel and accommodation expenses as well.
"China has limitless potential for many sectors of the technology industry, but the perceived barriers can cause Canadian companies to shy away," says Kevin Wennekes, CATA's VP Research and Canadian executive champion for China. "The funding and projects we have planned will drastically lower both the cost and risk of exploring and doing business in China."
The GOA-funding approved projects are part of CATA's greater business development strategy for China which includes the Canadian—Chinese Business Portal where numerous incentives such as financial assistance, salary caps, free office space and accommodation, training, and tax rebates are also available.
++ Action Item: To take advantage of this funding and the business development opportunities that are resulting out of CATA's relations with China, please take a moment to submit your e-Profile. Completing this short, online form will allow CATA to assess and facilitate your ambitions for this critical market.
Highlights of Upcoming CATAChina initiatives – respond now to secure your early participation!
Canadian Delegation Tri-city Tour: June 19-26
The 12th China Public Security Expo (CPSE) Canadian Pavilion, Shenzhen:
P&T/Wireless & Networks Comm China 2009 Trade Show and Delegate Mission, Beijing:
China International Optoelectronic Expo Canadian Pavilion
Chinese Delegation to Security Canada Central
Research on China First Responder ICT Technology Use
For more information, contact Kevin Wennekes at email@example.com.