International Business Wales Launches Technium Challenge for Indian Tech Enterprises

New Delhi, February 22, 2008: International Business Wales (IBW), the team responsible for the facilitation of trade and inward investment between Wales and other countries, today announced the launch of Technium Challenge International - an annual competition that provides unrivalled opportunities for technology companies looking to establish a foothold within the UK marketplace. It is particularly suited to those companies requiring a high level of support to realize their international expansion plans.

This unique initiative provides unrivalled opportunities for Indian IT companies – small, medium or large, looking at the European market. Each country winner will have the opportunity of visiting the UK in May to take part in the ‘Learning Journey’ where business appointments and general support meetings are set up specifically for the winner’s needs. The overall winner will receive free office space for a year as well as a number of other benefits. Some of the benefits of the Technium system include:

• Flexible rental terms including desk space in a shared business unit within a Technium centre, providing an early opportunity to register a UK business address.
• A range of complimentary general and specialist business support delivered by Technium’s network of public and private sector advisors.
• Introductions to local universities for assistance with R&D and skilled staff recruitment.
• Design for manufacture assistance for new product development.
• Access to meeting & conference rooms, specialist equipment and technical laboratories.
• Introduction to the Technium business community and wider industry networks.
• Assistance with raising finance, e.g. grant schemes, accessing VC funding, etc.

Andrew Davis, Executive Vice President – Asia Pacific, International Business Wales said, “We are extremely happy to launch the Technium Challenge in India. India is a key region in IBW’s global strategy. Wales is an integral region on the M4 motorway ‘corridor of opportunity’ and offers Indian businesses excellent potential for trade and investment. We look forward to widespread participation by Indian companies in this initiative.”

The competition is open for entries until March 28, 2008 and will be running in the following countries: Australia, China, France, India, Japan, New Zealand, South Africa, South Korea, the USA, Brazil, Israel, Mexico, Poland, Russia, Spain and Switzerland. Additional details are available at www.technium.co.uk/challengeindia.

Source : Equity Bulls

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