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  • New Pitch Prep Pilot Program Launched

New Pitch Prep Pilot Program Launched

Tuesday, November 12, 2019

Nova Scotia Business Inc. (NSBI) is launching the Pitch Prep program in support of businesses looking to attract investment for the purpose of growth and increasing export sales, by helping to prepare for an investment.

Nova Scotia Business Inc. is piloting the program which will offset the costs of a consultant or accessing professional services to help companies seeking to grow through outside investment. 

The program will fund 75 per cent of eligible projects that will help prepare a company for an investment, to a maximum of $20,000.

“As we know, one of the ways to grow our economy is to increase the level of exports from Nova Scotian companies,” said Business Minister Geoff MacLellan. “Given the importance of exporting to the future of Nova Scotia, the government can support the private sector to be ready to seize opportunities for investment and growth through the creation of programs and services.”

The pilot program will assist up to 10 established, growth-seeking Nova Scotia exporting businesses outside of the start-up phase.

Quotes:
“In order to stay competitive and to fuel growth, many Nova Scotia businesses need to invest in themselves. This program will help ensure our companies have access to the expertise needed to get their operations ready for investment and the export opportunities that follow.”
     - Laurel Broten, president and CEO, NSBI

“When I’m being pitched by a company looking for investment, companies need to be clear on their competitive advantage – the ability of the management team to clearly define a company’s value will be aided by a program like Pitch Prep.”
     - Stu Rath, investor and Junior Achievement 2018 Laureate, Nova Scotia Business Hall of Fame

 

Quick Facts:
-- with a budget of $100,000, this program was established with funding from Budget 2019 for NSBI to expand and enhance export development programming
-- there is no application fee for this program
-- applications must be received no later than midnight on Jan. 10
-- project applications are subject to a competitive process

Additional Resources:
Companies interested in applying for the Pitch Prep program should visit: https://www.novascotiabusiness.com/pitchprep 

 

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