Each company will present the export action plans they created using Open to Export’s digital business planning tool to a panel of expert judges on 30 June in Liverpool at the International Festival for Business 2016 (IBF2016)
They are competing for the chance to win £3,000 funding towards their overseas growth, as well as additional benefits including one year’s free membership of the Institute of Export.
The Export Action Plan Competition at IBF2016 - the world’s top business event, attended by more than 30,000 delegates from 100 countries - sees Business Development Midlands Ltd and fellow finalists seeking to convince a judging panel that their business would benefit most from the prize.
Open to Export is the government funded digital route to boost the UK’s SME exports dedicated to helping new and inexperienced businesses prepare to sell internationally by giving them access to information, support and advice.
Using the Export Action Plan tool allows businesses to take ownership of their international trade strategy and make decisions along each step of their exporting journey - from selecting a market to delivering products or services to new customers.
Andy Munro, business development manager of Business Development Midlands Ltd, said: “'We have worked closely with UK Trade and Industry in taking our first steps to deliver our training and widen our horizons to include the international stage.
“Our current focus is South East Asia and UKTI have been invaluable in giving us advice ranging from local customs and practice to drawing up a Memorandum of Understanding to protect our Intellectual Property. It's tremendous to be shortlisted for this Open to Export competition and we’re looking forward to presenting our vision and plan at IFB2016.”
The competition is sponsored by the International Festival for Business 2016 and Bibby Financial Services and the judging panel comprises Lesley Batchelor, OBE, the CEO of Open to Export.
Lesley Batchelor said: “We are committed to helping inexperienced exporters to broaden their horizons, and this includes a thrice yearly Export Action Plan competition, where a panel of experts judge the finalists based on the potential and feasibility of their export plans. The winner will be awarded a cash sum of £3,000 together with additional benefits in order to help them achieve their international trade goals.”
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