Research shows up to 80% of job creation can come from growing existing businesses. SIPP stimulates and supports the growth and expansion of established companies across the region by providing expert advice, mentorship, and access to training programs.
Business Growth and Expansion
Trade Accelerator Program (TAP)
Once again, SIPP is partnering with the World Trade Centre Vancouver and the Greater Victoria Chamber of Commerce to bring the Trade Accelerator Program (TAP) to Victoria (this time virtually!). The world-renowned TAP program helps SMEs reach more customers by navigating foreign markets around the globe through the development of market entry plans.
Over the first two cohorts of the program, 30 local companies have attended and gave it high praise for providing tangible, and in some cases dramatic, results.
Just six months after graduating from the program, on average, export revenue increased by 23% and participants forecast their export sales to grow 47% over the next 5 years.
International Business Development
SIPP organizes international business delegations and trade missions based on special circumstances and/or private-sector demand for specific markets. Some examples of targeted trips that SIPP has led include: Western USA (Seattle, San Francisco, San Jose), Brazil (Rio de Janeiro, São Paulo) and China (Shanghai, Shenzhen).
In a targeted trip to Shanghai in 2018, SIPP worked with in-market partners to arrange B2B itineraries for eight Greater Victoria companies. This trip–including companies like Limbic Media, CAVU Designwerks, DreamCraft Attractions, and ASAsoft Canada–led to several follow-up trips to further develop the relationships established. Several business deals have since materialized.
If your business is looking for collaborative and coordinated approaches to business development abroad, please contact us to explore further.
We worked with a SIPP advisor to help us assess financial scenarios we were considering, some of which required outside partnerships. We also required planning to make some key hires with existing funds. They were able to provide sound, objective advice that we took under advisement in making strategic decisions that turned out very well for our growing business.Jeff WardCEO, Animikii
SIPP helped us stress-test our strategic plan, which exposed two key gaps. Based on this we were introduced to a finance and operations expert who helped us create a growth plan with a tangible governance structure.Ray BroughamPresident Rainhouse Canada
SIPP advisors assisted us with developing investor relations materials for multiple potential investors, including helping us build and refine an impressive pitch deck. SIPP also provided invaluable guidance around financial forecasting. Having SIPP as a close expert advisor helped Limbic position itself for a funding round.Manjinder BenningFounder & CTO, Limbic Media