Thinking globally is vital for Tech Nation as we continue to expand our support for UK scaleup companies, the majority of which are looking to grow their businesses internationally. 80% of our latest Upscale cohort cited international expansion as their number one challenge, and we want to help.
What is the Digital Trade Network?
In June 2020, the UK Government) announced the launch of the Digital Trade Network for Asia Pacific as part of the future trade strategy for the tech sector. The objective of the Digital Trade Network is to rapidly enhance the ability of UK digital companies to export and connect with international customers and investors.
As part of the UK Government future trade strategy for the tech sector, Tech Nation has successfully bid and been awarded a grant as part of the Digital Trade Network in Asia Pacific to continue helping UK tech scaleups expand and scale in this region.
In March, 30 UK tech scaleups joined the inaugural Tech Nation International Growth Programme launched in Australia, Singapore, Japan and South Korea. Due to high demand, an additional 45 companies are also receiving support on their go-to-market strategies and international fundraising tactics to ensure their international readiness.
As we build our international team, we look forward to continuing to help more UK tech scaleups accelerate their overseas growth. By connecting and supporting some of the UK’s leading tech scaleups with international opportunities, Tech Nation’s work will help cement the UK’s position as a global tech powerhouse as it boosts exports and leverages the UK’s new global trade policy.
Why Asia Pacific?
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.
The region also saw 40 million new Internet users in Southeast Asia alone, bringing the total number of internet users to 400 million – the same size as the US market.
According to Tech Nation’s report on Unlocking Global Opportunities report, for UK tech companies, Singapore was one of the fastest rising global opportunities for trade, climbing 5 places in the rankings for global tech opportunity between 2019 and 2020. We also know the UK and Asia Pacific regions are joined by a passion for innovation.
The offer for UK tech
This is an exciting opportunity for UK tech companies looking to expand to Asia Pacific. We can support you with your growth into this exciting region.
Tech Nation is offering:
- market intelligence and market entry support
match-making with overseas investors and business opportunities
- access to our international network of people who have successfully scaled overseas