Virginia SBDC International Team Wins Prize for Work with STEM Companies
The U.S. Small Business Administration (SBA) announced the Virginia SBDC International Business Development (IBD) Program as a Stage One winner for the 2023 Growth Accelerator Fund Competition. The Virginia SBDC IBD Program will receive a $50,000 cash prize to build strategic partnerships that will support the launch, growth, and scale of STEM/R&D-focused small businesses.
The IBD Team will now compete for an additional $50,000 to $150,000 later this summer. In Stage Two of the competition the IBD Program will be seeking partners to support a “Growth Accelerator Partnership” to further develop strong innovation ecosystems.
The IBD regularly hosts training on a broad array of trade-related issues. IBD educational activities range from hour long webinars on focused topics to comprehensive cohort-based programs, including preparation courses for the Certified Global Business Professional examination. To learn more about current training opportunities, visit the Virginia SBDC Training page.
The Virginia SBDC IBD team provides business leaders with confidential advice and guidance to help develop and grow export sales. Our free advising services are built around four domains of knowledge essential for any business expansion overseas.
- Global Business Management: Evaluate export readiness for “new-to-export” companies, develop strategies and tactics for exporting.
- Global Marketing: Identify potential export markets and customer segments, work with our partners in the U.S. Commercial Service and VEDP to identify potential export sales representatives in foreign markets.
- Supply Chain Management: Offer insights into outbound logistics, including freight forwarding, research and evaluate supply chain options.
- Trade Finance: Provide technical assistance with SBA and Ex-Im Bank finance options, share referrals to a range of lenders and financing providers.
George Mason University is recognized as a Carnegie Tier I research university, a designation reserved for premier institutions of higher education. Established Virginia companies looking to expand globally can tap into the diverse array of human capital at the university by requesting research tailored to their needs. The IBD team and its student researchers can provide actionable intelligence on market conditions, applicable regulations, logistical concerns, and a host of other issues.
Join the Global eCommerce Accelerator Program and fast-track your expansion into new international markets. Working with our eCommerce advisor during online workshops, you will build your eCommerce internationalization roadmap, complete with valuable resources and clear next actions to achieve your online goals.
Track your progress entirely online on a unique platform combining training content, quizzes, interactive tools, and resources.
To learn more, contact Aaron Miller: firstname.lastname@example.org.
The IBD Team
The International Business Development Program offers multiple trainings throughout the year.
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The Virginia SBDC and its partners have created a number of resources that address topics relevant to current or potential exporters alike.
NASBITE Trade Passport
The Trade Passport website is a resource aimed at providing on-demand training, local resources, and rapid expert assistance to USA-based small-medium-sized businesses that are focused on international trade as a pathway to business growth.
The Virginia SBDC has partnered with NASBITE to make the Trade Passport resources available to our clients.
Our clients and/or partners can watch up to 20 videos at no cost, then pay $149 for an annual access.
The Trade Passport training are excellent primers for people to utilize if they are not already in business or if they want a tutorial on a challenging topic
U.S. Commercial Services Resources
International Trade Administration Resources
Russia Sanctions and Technology Controls Advice for Clients
Guidance from the America's SBDC International Trade interest section.
The Virginia SBDC is proud to have assisted numerous companies establish or grow their export program
The Virginia SBDC Network is a partnership between the U.S. Small Business Administration and George Mason University-Mason Enterprise Center. The IBD program is grateful for the additional support provided by its partner organizations.