At a recent Doing Business in Asia forum, Plug and Play President Canice Wu joined an elite group of influential American business leaders at the White House for a discussion about new economic opportunities in Asia. The program, part of President Obama’s bold effort to rebalance U.S. engagements, activities, and resources towards the Asia-Pacific region, supports American companies interested in expanding into Asia.
Seeking out new and untapped resources for startups to leverage is something of a specialty for Plug and Play, which offers hundreds of startups a direct line to business development and funding opportunities through its extensive corporate network and 60 plus investments per year. The secret sauce to Silicon Valley’s biggest business accelerator is creative allocation of resources that leads to win-wins. In the present case, a Plug and Play startup looking to expand into Asia and score funding at the same time could do so through personal introductions to key members of the aforementioned organizations. Such partnerships align with Mr. Obama’s stated goal of advancing economic prosperity and strengthening regional institutions in Asia.
“When Silicon Valley startups think about resources, they tend to think only about venture capitalists and angel investors. But there are a lot more resources, financial as well as network resources, and Plug and Play can help tie [startups] into these resources,” said Wu, who is also leading a B2B-focused accelerator for early and growth-stage businesses seeking major partnerships and funding. Government programs like those discussed at the Doing Business in Asia forum, along with Plug and Play’s strong governmental relationships in the Asian-Pacific region and partnerships with Baidu, Samsung, and more round out the offering.
Startups seeking information and guidance about how to utilize these resources can contact me at Andrew (at) plugandplaytechcenter (dot) com.
-Business owners and entrepreneurs can also contact the Department of Commerce, the Department of State, the U.S. Trade Representative’s Office, and any local US embassies to connect with in-country resources and business leaders.
–The Small Business Administration – loans, grants, and other resources.
–OPIC – Finances individual projects that solve critical and global development challenges with private market resources. $200 billion invested to date.
–EXIM – Financing programs that decrease exporting risk for companies looking to export to Asia.
–The U.S. Trade and Development Agency
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