The Department for International Trade (DIT) in partnership with Business West, the DIT’s regional delivery partner in The South West of England, has chosen 47 companies in the region to take part in trade missions to the US, India, and Singapore.
With the UK being ranked the 5th greatest digital tech services exporter in the world, at £23.3bn in 2019, sitting behind India, the USA, China and Germany, the initiative offers an invaluable opportunity to showcase the tech solutions the UK has to offer.
The new Tech 4 Good South West initiative offers selected companies a series of virtual masterclasses, commercial meetings, and networking events, culminating in the opportunity to showcase their technology to key players in the US, India, and Singapore.
Delivered by DIT market specialists Ameeta Virk and Sarah Hildersley, the free export initiative will offer the opportunity for selected companies to understand the tech landscape, develop their export strategy and participate in virtual sales meetings in these fast-growing markets.
The Minister for International Trade, Graham Stuart who attended the virtual launch of the initiative said, “Using technology to allow fantastic UK solution providers to help people around the world is an inspiring thing to be part of – even as we negotiate trade deals to cut the barriers to trade.
“The Tech 4 Good South West Initiative uses government convening power to allow even small tech companies in the South West to reach global markets in a way which, frankly, before the pandemic, might not have been possible.
“We are determined to use every tool we have to help innovative UK firms grow their international sales, help the end customer and create opportunity and jobs in the South West and elsewhere.”
Jack Churchill, Export Champion, and Founder and CEO of Scanning Pens based in Wiltshire said, “Exporting is more important than ever during this pandemic. If you have an export presence in other countries, you are effectively balancing your sales as a business. More than 50% of Scanning Pens’ sales comes from overseas markets.
“With a business established in both the US & India and the recent opening of a warehouse in Singapore, we’re already starting to connect our reader pens with the education communities in these exciting markets. Our technology is even more relevant now due to people not being able to have human readers or teaching aids.
“I would always encourage businesses big or small to look at exporting as an opportunity and if you’re unsure of how to start, get in contact with The Department for International Trade.”
The three overseas markets have been selected by DIT’s specialists for the breadth of opportunity each can offer and their marked interest in ‘tech for good’ products.
Ameeta Virk, DIT Market Specialist for the US and India and creator of the programme, added, “Having announced the Tech for Good initiative in early September, we were overwhelmed with the high level of interest.
“I’ve been truly impressed with the sheer number of South West companies who are leading the way in delivering world changing solutions.
“I am incredibly proud to have created a programme that will help these businesses move closer to realising their global ambitions.”
Full details can be found at www.businesswest.co.uk/tech-for-good-south-west