This week sees 30 UK tech scaleups join the inaugural Tech Nation International Growth Programme launched in Australia, Singapore, Japan and South Korea.
The new programme has been commissioned as part of the Digital Trade Network, by the UK Government, to help innovative tech companies access trade and investment opportunities between the UK and Asia Pacific and forge new partnerships in exciting new markets including Japan, Singapore, South Korea and Australia.
Tech Nation’s Unlocking Global Tech report found that the UK was the 5th greatest digital tech services exporter in the world in 2019. This position has been driven by a relatively high number of high growth exporting tech companies in the UK, many of which are yet to realise their full exporting potential.
Thinking globally is vital for Tech Nation. 80% of our latest Upscale cohort cited international expansion as their number one challenge, which is why the timing of these new Tech Nation International Growth Programmes is so pivotal.
It is an ideal time to boost the UK’s digital trade with the Asia Pacific region. Southeast Asia’s digital economy hit US$100 billion in 2020 and is expected to grow to US$300 billion by 2025 despite the challenges of COVID19.
By connecting and supporting some of the UK’s leading tech scale ups with international opportunities, the Tech Nation International Growth Programme hopes to help cement the UK’s position as a global tech powerhouse as it boosts exports and leverages the UK’s new global trade policy.
Tech Nation is working in collaboration the UK Department for International Trade, as well as Plug and Play, Intralink and Asia Market Entry, to deliver these International Growth Programmes for Tech Nation Alumni in Asia Pacific markets.
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