Accelerator for Moscow health-related companies

An export acceleration program for health-related companies domiciled in Moscow is to be launched next month. It will help entrepreneurs grow their international sales quickly and efficiently, Moscow government’s website reports.

The program is intended for top managers of promising export companies manufacturing medical equipment, devices and consumables, medical ITs, furniture, vehicles, as well as representatives of pharmaceutical companies and industry services providers.

Up to three representatives of each of the 50 companies will be able to enroll in the program. Moscow Export Centre (MEC), managed by the Moscow Department of Entrepreneurship and Innovations, is going to cover 85% of the participation costs.

The program is projected to run for six months and consists of several stages. At the first stage, industry professionals will assess the companies’ preparedness for full-fledged exports. The entrepreneurs selected are going to be provided with a specialized target market research.

The second stage will include preparatory coaching before entering the international market. Based on the knowledge they gain, the companies will be able to make roadmaps. The participants are also expected to meet their prospective partners, receive recommendations on promoting their products and participate in a workshop attended by international experts.

The third stage provides for organizing a business mission to one of Asian countries. The mission will take place in March 2020. The name of the country will be selected by a vote on August 26. The business mission will provide the participants with an opportunity to discuss possible export contracts with their prospective customers.

The accelerator was developed by Moscow Export Centre in cooperation with PricewaterhouseCoopers.

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