Most governments and journalists operate as if global markets only benefit large corporations in developed countries. PROBLEM 1.

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Presentation transcript:

Most governments and journalists operate as if global markets only benefit large corporations in developed countries. PROBLEM 1

PROBLEM 2 Many startups do not appreciate the international opportunity that exists from Day 1 Or the likelihood they will get tripped up by foreign regulations as they seek to meet overseas demand Or that governments can facilitate or impede their global journeys.

SOLUTION Build and connect a network of startup, nonprofit and university stakeholders with government officials and select innovative corporations to – elevate the opportunities and articulate the challenges of participating in the global marketplace; improve the public policy landscape on critical global issues surrounding trade, immigration, innovation and regulation of the digital economy to benefit a broad range of global innovators; Improve understanding of and access to global markets.

Today20 Years Ago Democratizing Global Markets

6 “We were global from the word go, and it’s an amazing power of e-commerce: The word-of-mouth and social media support that a brand can receive early to get out to its consumer base wherever it may be.” – Katie Cannon, Retail & Export Manager, Sugru “Having customers internationally was a really big deal. The idea that we could get it to places like Haiti, Malawi, and India through our local post office was incredible. Going global took our social enterprise to places that we could have never accessed on our own.” – Kavita Shukla, Founder, Fenugreen

“Everyone is an MNC now. Everyone. Even if you’re a one man shop you’re an MNC.” – Tak Lo, Director, Techstars London

8 98% of eBay’s online sellers engage in export

Tariffs Shipping Getting paid Protecting IP Understanding local rules and regulations Navigating cultural differences Finding the right business partner overseas The same challenges as large corporations… … with fewer resources

+ New challenges

Enabling Access – Startup Chile – Startup Global (U.S.) – TPP New hurdles? – Privacy and cybersecurity policies – Data localization – Tariffs and other trade barriers How can policymakers accelerate startups globally? …and where are they creating barriers?

Take advantage of government resources Explore private sector solutions Learn from other small business Find local partners and advisors Just do it What We’ve Learned

Thank you Jake Colvin Globalinnovationforum.com GlobaliForum G l o b a l Innovation F o r u m