As the fintech hubs in the Asia Pacific continue to grow, more and more UK companies are looking to expand into the sector. To help them on their journeys, the UK Government has launched a new UK-APAC Tech Growth Programme. Intralink, the international business development consultancy will be the one to deliver the programme.
The programme is set to help UK businesses make the leap into new markets. It is able to do so as it is a part of the UK’s Digital Trade Network – a joint Department for Business & Trade and Department for Science, Innovation & Technology initiative. Intralink plays it part when it comes to connecting these organisations to Asian networks. It accelerates their access to capital, customers and talent in the fast-growing APAC markets.
Established over 30 years ago, Intralink’s purpose is to help organisations expand into APAC. Furthermore, it is helping Asian companies collaborate with western innovators to further the fintech field for both regions. Currently, the organisation has helped over 80 firms expand into Asia.
Through the UK-APAC Tech Growth Programme, Intralink will deliver market expansion services across 11 countries:
- Japan
- South Korea
- Taiwan
- the Philippines
- Vietnam
- Thailand
- Malaysia
- Indonesia
- Singapore
- Australia
- New Zealand
A joint effort
Intralink will not be helping these firms expand into the countries listed above by itself. It is supported entry consultancy, Orissa International and in Australia and New Zealand, by Foley.
The business development consultancy has committed to supporting organisations expanding into the region. It places an emphasis on the delivery of tangible commercial results for eligible tech companies. Intralink looks to identify commercial opportunities, provide market entry advice and help companies sell their products. All in addition to forging new partnerships and raising investment.
Lord Offord of Garvel, Minister for Exports, said: “The UK–APAC Growth Programme is a central part of our strategy to help UK tech firms expand into the Indo Pacific, which we see as a vast growth market for innovative British businesses. With the UK joining CPTPP, alongside our forward-looking trade agreements in the region – including with Japan and Australia – this programme helps deliver on the opportunities we see for increasing UK trade.”
Seamless collaboration is a must going forward
Paul Scully MP, Minister for Tech and the Digital Economy, said: “Seamless collaboration with our global counterparts is the key that will unlock the potential of our leading startup community and, in turn, the UK’s future as a science and technology superpower. This is why Intralink’s work with the Digital Trade Network to bring together the UK and Asian tech communities is fundamental to our shared success.”
Greg Sutch, Intralink CEO, commented: “We’re proud to be playing a core role in the Government’s drive to help UK tech businesses grow internationally. APAC offers huge opportunities for pioneering British firms with the technologies to address the major challenges that face countries in the region. Such as, climate change, ageing populations and a shrinking labour force.
“We’re greatly looking forward to helping UK innovators succeed in APAC and providing a boost to the UK’s international trade.”
Natalie Black, His Majesty’s Trade Commissioner for Asia Pacific, said: “Through the UK-APAC Growth Programme, our digital trade network has already supported 85 UK companies on their exporting journey to Asia Pacific. As we expand the DTN to Vietnam and Taiwan, powered by Intralink, I look forward to seeing even more UK scaleups benefit and grow in the region.”
Image and article originally from thefintechtimes.com. Read the original article here.