Colorado launches Advanced Industries Export Accelerator Program
As part of its statewide advanced industries strategy, the Colorado Office of Economic Development and International Trade (OEDIT) will launch the Advanced Industries Export Accelerator Program to connect Colorado companies to global opportunities on Sun., Dec. 1, 2013. The AI Export Accelerator Program is the result of HB 13-1193, which promotes growth and sustainability in the state’s advanced industries by helping drive innovation and creating a strong ecosystem that increases the state’s global competitiveness.
“Within the next five years, 95 percent of the world’s consumers and 87 percent of the world’s economic growth will take place outside of the United States,” said Ken Lund, executive director of OEDIT. “This poses an incredible opportunity for Colorado businesses to start exporting their goods and services or to expand their exporting into new international markets. We know that when Colorado expands its exports, businesses increase their productivity and generate jobs.”
The AI Export Accelerator Program is a tool for small- and medium-size businesses in the advanced industries that do not have the resources needed to engage in export promotion. The program offers financial resources, training and consulting services to these businesses for a comprehensive trade promotion program.
The new program has three components:
• AI Export Grant offers financial assistance that can help offset companies’ international business development initiatives. Grant size is limited to $15,000, with matching funds of 1-to-1.
• Global Consultant Network provides a network of consultants located in key international markets to provide valuable in-country market research specific to industry needs and individual business needs.
• Export Training Program consists of OEDIT and the World Trade Center-Denver providing export training for businesses to learn the fundamentals of exporting and international marketing specific to the advanced industries. Classes will begin in February 2014.
To help launch the program, OEDIT will host the global consultants from Canada, Mexico, Brazil, France and Japan. Several events are planned the week of Dec. 2-5, where the consultants will highlight specific opportunities for Colorado companies in their respective markets:
• Dec. 3, 8-11 a.m.: Global Opportunities for Colorado Bioscience Companies, co-hosted by the Colorado Bioscience Association.
• Dec. 3, 1- 4 p.m.: Global Opportunities for Colorado Companies, co-hosted by the Rocky Mountain Innosphere in Fort Collins.
• Dec. 4, 8-11 a.m.: Global Opportunities for Colorado Information Technology Companies, co-hosted by the Colorado Technology Association.
• Dec. 5, 1- 4 p.m.: Global Opportunities for Colorado Cleantech Companies, co-hosted by the Colorado Cleantech Industry Association.
• Dec. 4, 1-5 p.m.: Consultants will schedule one-on-one meetings.
More information about the program and company eligibility requirements can be found at: http://www.advancecolorado.com/international-business/advanced-industries-export-accelerator-program