BDC report identifies biggest barriers for SMEs trying to enter defence space (opens original article in a new tab)

A BDC report identifies key barriers for Canadian SMEs entering the defence sector, including certification requirements, security classifications, and complex procurement processes, prompting BDC's 'matchmaker initiative' to connect SMEs with government projects.

• BDC report highlights barriers for SMEs entering Canada's defence sector including certifications, security classifications, and complex procurement processes.
• SMEs face challenges like long sales cycles, cash flow issues, and difficulty hiring skilled workers, with 29% of defence-light and 28% of defence-heavy firms citing defence-specific requirements as growth limits.
• BDC is implementing a 'matchmaker initiative' to connect SMEs with government defence projects and improve access to international markets.