Invitation to Acceleration Program in Canada

Lithuania’s Agency for Science, Innovation and Technology (MITA) is currently offering funding for Lithuanian companies to participate in PGA’s Acceleration Program in Toronto from June 15–26, 2020.

The aim of this initiative is to promote growth of enterprises, development of innovative technologies, expansion into international markets, cooperation with foreign partners, participation in international research, and experimental R&D programs.

Companies will be selected based on the following criteria:

  • innovative and viable products being developed by the company;
  • the company’s experience and opportunities to develop the product;
  • readiness to participate in innovative R&D and need to develop the product internationally.

The main activities in PGA’s Acceleration Program will include:

  • training on Canada’s innovation and start-up ecosystem, business culture, and government funding;
  • consulting on setting up a business in Canada, tax, intellectual property management, and attracting venture capital funding;
  • meetings with potential partners, clients, and investors;
  • participation in business relations, investor and entrepreneur meetings, conferences (e.g. Collision).

The deadline for applications is 11:59pm (EEST) of April 3, 2020.

Doing Business in Vietnam Information Session – February 10, 2020

Vietnam has become a significant market for potential Canadian business in the wake of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. In an effort to educate and support Canadian Companies and Enterprises with the framework of the CPTPP, the Canada-Vietnam Trade Council and the City of Toronto hosted a Doing Business in Vietnam information session with the aim of sharing experiences in doing business in Vietnam. Pace Global Advantage, and our sister company, Pace Immigration has a network of clients in the region, so we were eager to learn about the latest developments.

The event focused on the benefits to the CPTPP one year after its inception, with a variety of speakers sharing their experiences of doing business in Vietnam. This included Director of Canada-Vietnam Trade Council Julie Nguyen, Deputy Mayor Denzil Minnan-Wong (City of Toronto), Ms. Huong Do (Commercial Counsellor, Trade Office, The Embassy of Vietnam), Ms. Catherine Jollymore & Ms. Sarah Bernier (Global Affairs Canada), and Ms. Cholong Lim (Ontario Ministry of Economic Development) — all sharing their firsthand experience of what to expect in Vietnam, and providing useful information for Canadian businesses. Due to a shortage of homegrown technologies and initiatives, Vietnam is looking globally for aviation technologies, education, environmental / cleantech, agriculture and agri-food products, and information communication technology.

For further information on in-demand industries, and the in-depth breakdown of the information session, read the official article from the Canada-Vietnam Trade Council.

Invest Lithuania visit – February 6, 2020

As part of our outreach to deepen business relations between Canada and Lithuania, on February 6, 2020 we welcomed H.E. Darius Skusevičius, Ambassador of Lithuania in Canada, on his first official visit to Toronto, as well as Paul Kuras, the Honorary Consul General of in Toronto, who both accompanied the delegation from Invest Lithuania: Gintarė Bačiulienė and Kristina Balčėtė.

Invest Lithuania is a non-profit organization funded by Lithuania’s Ministry of Economy and Innovation. Its mission is to attract foreign investment and provide free advice and connections to global companies interested in doing business in Lithuania. They provide in-depth market and industry insights, information on local labor and legal framework, introduction to peer companies, authorities, or institutions. Their assistance is personalized, meaning each applicant’s case is individually assessed and granted support.

Pace Global Advantage will continue to work on helping businesses to connect with the right partners, including assisting Lithuanian and Canadian relations.

Are you interested? Let your company experience the Pace Global Advantage!