Westward Ho! For UK Hi-Tech and IT Ventures
Added: (Fri Feb 09 2001)
Pressbox (Press Release) -
For IT and high tech companies looking to expand into the USA a new organisation, Incubator America, provides a positively “soft landing” into the world's largest marketplace.
Located on the fringe of Washington DC Incubator America is a joint venture between George Mason University's Enterprise Centre, Arlington County, and Source Office Suites. Their foreign clients, medium-size technology companies who are proven in their home countries, are accommodated in state-of-the-art, serviced prestigious office accommodation in Arlington. But this is far from being just a real estate promotion. The partners are intent on attracting foreign expertise into the region's high tech economy by supporting enterprises to establish sound business. By working with Incubator America a UK company can minimise the time and hassle that is usually associated with getting a business foothold in the USA.
Through its 'USA Business -Now' package Incubator America cushions the USA entry of foreign companies. This provides a full range of supportive services centred around comprehensive orientation to cutting-edge American business practices, including introductions to key organizations in the area’s tech economy, direct access to business development and technical resources and univer-sity and private sector experts. They also help in creating a U.S. marketing plan and effect introductions and high-profile exposure to potential business partners and clients.
Already Incubator America has attracted companies from Finland, Japan and Israel, including a provider of integrated hardware and software solutions for physiology, pharmacology and toxicology researchers; a wireless sensor company whose product delivers extremely precise data to remote locations; an international trading software systems house and an operation that delivers dynamic, customised training programs to universities and government agencies. Recently the Incubator received more than $600,000 in funding from the federal government to establish ties with Romanian infotech companies.
With the 'special relationship' that exists between the USA and UK the Incubator is particularly keen to expand by welcoming British hi-tech companies into the Arlington centre.
Greater Washington is home to the second highest concentration of technology companies in the USA, proving that it is much more than just the nation's capital. It is a growing centre for science and technology - offering a prime location for hi-tech companies from the UK. More than 3,000 hi-tech firms are based in the region, making it one of the hottest tech cities in the country. There are some 700 foreign-owned firms in the region linked to 29 countries that generate an estimated $6.8 billion in revenue. Companies like AOL, Bell Atlantic, Lockheed Martine and Northern Telecom. Greater Washington also has the largest concentration of scientists in the country, as well as the highest percentage of population with a university degree. 300,000 people work in technologically sophisticated fields - information technology, biotechnology, life sciences, satellite and telecommunications and aerospace. It is also within four hours travel of 60% of all of America's business opportunities.
Alongside foreign embassies and federal agencies Washington hosts the major international lending institutions like the World Bank, the Inter-American Development Bank and the International Monetary Fund. With three airports it is now the second largest international gateway from Europe into the East Coast.
Incubator America's on-site mentors monitor and assist with on-going business plans and international firms are expected to rotate out within two years as they develop their stateside legs. The firms that are accepted into the Incubator pay a monthly flat fee of $1,200 for office space.
Incubator America's representative in the UK is Interactive Marketing International to whom all enquiries should be directed - telephone 01691 655545; email: firstname.lastname@example.org