World Trade Center San Diego and nearly 250 voting audience award $25K for international expansion
World Trade Center San Diego (WTCSD) named Blue Sky Network, which provides satellite-based communications and fleet management solutions for aviation, maritime, and IoT customers, as the winner of the MetroConnect export accelerator program, now in its fifth year. Made possible through a grant from JPMorgan Chase & Co. and Procopio, Blue Sky Network will use the $25,000 award to expand its presence in Brazil and promote the launch of its new SkyLink product in global markets.
“Blue Sky Network is the perfect reflection of San Diego’s innovation economy coming together, leveraging our excellence in defense and technology now on an international stage,” said Lucas Coleman, senior manager at WTCSD. “The results from MetroConnect’s fifth cohort are impressive. Whether it’s alleviating supply chain processes in Australia or cultivating leads in Korea, Brazil and the UK amid incredible economic uncertainty, working to connect small and medium-sized businesses to international markets builds greater resilience here at home.”
Blue Sky Network beat out three other finalists in MetroConnect V: White Labs, Inc., SIDUS Solutions, and Mayan Robotics. The grand prize-winning company was decided by a 250-person voting audience via virtual events platform Whova, a former MetroConnect participant. Prior to this, a committee of senior international business leaders in San Diego helped the WTCSD team nominate these top four performers out of the initial 15-company cohort.
ABOUT THE PROGRAM
In its first five years, MetroConnect has helped 80 local, small and mid-sized businesses generate a net increase of $95 million in international sales, 543 international contracts, and 22 overseas facilities. This international growth has coincided with 269 new hires here in the San Diego region.
Each cohort year, WTCSD selects 15 export-ready small and mid-sized businesses to receive $5,000 export grants, access to executive workshops, translation software, discounted international airfare, and a chance to win a $25,000 grand prize to aid in further international market expansion. Applications for year six of the MetroConnect program are now open through December 17. Interested small- and medium-sized companies that are looking to pursue international sales as a near-term priority or already exporting its goods or services mayapply here.
Throughout the COVID-19 pandemic, the national rhetoric around global trade has shifted. According to The World Bank, countries that trade internationally enjoy more economic growth, are more innovative and productive, and can provide more opportunities to citizens. San Diego is no exception—regional small businesses that export tend to have a larger and more diversified customer base, pick up best practices from global competitors, build up economies of scale, and ultimately pay their employees more. Access to international customers and markets is essential in helping San Diego’s business community recover after the COVID-19 pandemic, as small businesses employ 60 percent of San Diegans.
“We’ve successfully navigated an incredibly challenging global environment over the past year and a half and the MetroConnect program has helped exceed our international sales targets,” said Gregoire Demory, president at Blue Sky Network, MetroConnect V grand prize winner. “We look forward to using MetroConnect’s additional funding to keep promoting the Blue Sky Network brand and our new SkyLink product overseas.”
“Since 2015, JPMorgan Chase has been proud to support MetroConnect, helping San Diego businesses successfully navigate complex global markets and create new local opportunities,” said Aaron Ryan, Executive Director for San Diego Middle Market Banking at JPMorgan Chase. “San Diego is one of the best places for innovation, and we are excited to help these businesses maximize our region’s international potential.”
WTCSD hosted its MetroConnect Grand Prize PitchFest virtually on November 15, with keynote remarks by MetroConnect underwriters Dennis Doucette, Partner at Procopio, and Aaron Ryan, Executive Director for San Diego Middle Market Banking at JPMorgan Chase.
READY TO TAKE YOUR BUSINESS GLOBAL?
WTCSD has year-round, non-exclusive international opportunities that help companies break expand internationally, such as the Export Specialty SBDC and strategy for global engagement. To learn about more WTCSD initiatives, events, and programs, visit WTCSD.org.
As your company grows, you may one day find yourself receiving an order from a customer in another country—whether that’s from just across the border in Mexico, or across the ocean in Japan. This will probably spark a series of questions: Is my company ready to export? How much does exporting cost? What are the regulations around shipping my product globally? Is exporting even worth it?
Exporting can be tremendously beneficial. It diversifies your customer base and exposes your goods and services to new markets, which may derive more value from your product than here in the U.S. Exporters also tend to be stronger and more resilient companies back home. And while exporting comes with its own set of challenges and complexities, programs like World Trade Center San Diego’s MetroConnect are here to help small and medium-sized businesses access funding and resources to begin selling overseas.
Is your company ready to export? Here are three factors to consider:
1. Do I have the financial resources to break into a new market?
Breaking into a new market isn’t cheap. In the same way introducing your product or service to a domestic market requires thoughtful strategy and investment, expanding internationally means you need to invest in promoting your product, through the right channels and utilizing the right tools.
But unlike domestic channels, you may need to make additional modifications for your product or service to get approval—whether via translation, new market research, or regulatory costs. There will also be additional costs with getting your products to customers that are geographically farther away, as well as tariffs and non-tariff barriers to consider.
Finally, the global marketplace is highly competitive—and competing by offering the lowest price is often not possible for San Diego-based companies. Instead, a deep understanding of your value proposition and a readiness to devote the necessary resources to amplifying your message in the right places can set you up for success.
Bottom line: If you’re ready to devote financial resources toward international expansion, your company may want to explore an export strategy.
2. Do I have people on my team who can devote the time, effort, and expertise exporting requires?
Developing the right relationships with suppliers, distributors, customers, and investors in each market takes time and consistency. This, as well as familiarizing yourself with the unique cultural preferences and market dynamics of the country or region you’re trying to break into, will require time, staffing resources, and often international travel. Hiring people with the right technical knowledge of your industry segment in your target market or having the bandwidth to dedicate your team’s existing expertise will often be critical to your success.
But if your team is already taxed to its limit, you are unable to hire for your team’s unmet expertise needs, or you plan to treat exporting as a side project, you may find sustained volume and exporting success hard to come by.
Bottom line: If you can devote staff time, resources, and expertise toward expansion, you may be ready to export.
3. Has my company had domestic success?
In most cases, the U.S. market will be your first consideration for expansion. You’ll know the language and culture, skip the trade barriers, take advantage of well-established institutions, and generally face less financial and political risk. As a U.S. company, too, you’re probably more familiar with your industry’s specific ecosystem.
So take advantage of the domestic market first, if possible. Domestic success can be a method to estimate your international potential…and whether you should be expanding internationally to begin with. And swimming in the domestic market will help you fully understand what truly differentiates your product or service, with no currency or other major financial risk.
But if you’ve enjoyed domestic success or a specific international market can help take your business to the next level, expanding your customer base overseas can give you a competitive edge in some key ways:
You’ll leverage economies of scale, where more order flow can lower your production cost
You’ll diversify your revenue streams. COVID-19 taught us that different markets can be impacted by significant global shocks in different ways, at different times.
You can learn from international competitors and partners, and apply these new tactics internationally and here at home.
You’ll have the chance to fight back against global competitors in their home market, rather than here in yours.
Bottom line: If your company has enjoyed domestic success and you want to take your business to the next level, you’re ready to export.
Keep in mind:
While this list is certainly not exhaustive, it’ll help you ask the right questions when exploring whether your company is ready to get out there and meet the other 95% of this planet’s consumers. And remember: Success doesn’t happen overnight. While you may receive sizable, one-off international orders through online channels or following a trade show, generating sustained demand from a new market will generally require you to be intentional about your strategy and devote adequate resources to your export strategy.
Join our MetroConnect export accelerator to supercharge your international sales.
Is your small or medium-sized company ready to export and grow internationally, but needs the funding, guidance, and support to expand?
In October 2021, here’s what you need to know about San Diego’s global trade, investment, and engagement:
Looking to export to China? Here’s what you need to know
World Trade Center San Diego (WTCSD), along with the American Chamber of Commerce (AmCham) in Shanghai and San Diego Sport Innovators (SDSI) hosted a business roundtable to discuss the benefits and challenges of exporting to China. With proper preparation and knowledge, all San Diego businesses can leverage the opportunity to export to a growing Chinese market. ➝ Read More
Need digital talent for your San Diego Business? Tijuana can help
If you are a San Diego business looking to expand amid one of the toughest battles for digital talent, look no further than Tijuana. The San Diego-Tijuana binational region is home to some of the world’s strongest innovation clusters, including the world’s largest medical device industry. Join firms such as Thermo Fisher Scientific, Sony, and BD in leveraging specialized production processes, highly skilled workers, and more. ➝ Read More
Foreign investment and San Diego companies: 3 things you need to know
WTCSD hosted its quarterly Global Competitiveness Council (GCC) meeting in collaboration with the San Diego Cyber Center of Excellence (CCOE) and the Committee on Foreign Investment in the United States (CFIUS), and was joined by David Rader of the Office of Foreign Investment Review. Throughout the session, the group discussed security implications, foreign direct investment, intellectual property, and more. ➝ Read More
WTC San Diego is proud to announce the four finalists of MetroConnect V, San Diego’s premier export assistance program, presented by JPMorgan Chase and Procopio. These four diverse companies will compete for an additional $25,000 in funding towards their international expansion strategies during our virtual Grand Prize PitchFest on November 15, 2021.
The catch? They’re looking to you to judge and award the extra cash. Read more and register here to cast your vote.
Meet the MetroConnect V finalists:
Blue Sky Network | a seamless connectivity, satellite tracking, intelligent fleet management, and text and voice communications product provider.
Mayan Robotics | a manufacturer of essential electronic systems for unmanned vehicles and drones.
SIDUS Solutions | a provider of underwater positioners, high-definition cameras, penetrating bright lights, projection lasers, and inspection systems that improve safety, efficiency, and ease of operation in challenging environments.
White Labs | a developer of liquid yeast, fermentation products, services, analysis, and education to craft brewing professionals and enthusiasts.
Join us on November 15 to meet the finalists…and choose the winner!
Ten years ago, the BA flight set off a new focus within our region on the role that direct, nonstop service to international markets could play in growing our economy through foreign direct investment and global trade. It was the catalyst for our Japan Airlines flight to Tokyo, our Lufthansa flight to Frankfurt, and continued strategies to expand our global reach and connectivity.
The flight also played a key role in the rebuilding of our region’s World Trade Center (WTC). We learned quickly that trade-related jobs were the kind of quality jobs we were hoping to create for more San Diegans, and that engagement with international markets could have a significant and positive impact on our region’s diverse small business community.
Now operated through EDC, the WTC partnership between the City of San Diego, the San Diego Airport, and the Port of San Diego was at its strongest just when the global pandemic shut down international travel (and life as we knew it). But while tourism and mobility from continent to continent slowed to a halt, the need for San Diego-based business to develop partnerships in foreign markets, tap into an international customer base, and draw financing from international investors did not. And while the work of WTC changed and pivoted slightly, the role that the team played in keeping our business community connected to international markets and resources remained steadfast.
It used to be very common for me to bump into colleagues at events who would ask, “Where do you think San Diego’s next international flight will be to?” or “Where is the WTC team going for their next trade mission?” I honestly so look forward to the days when these conversations and plans will be the norm again. But until then, I take great pride in the work our team continues to do to with our small business community to keep them globally connected and well-positioned to take advantage of new opportunities around the world as they emerge.
Consider Tijuana, Mexico. Our binational region, which includes San Diego County, Imperial County, and the Mexican State of Baja California, is home to more than 7.1 million people – and specializes in high-value goods and services.
San Diego and Tijuana jointly host some of the world’s strongest innovation clusters, including the world’s largest medical device cluster (Trade and Competitiveness in North America, 2018), due in part to significant foreign direct investment from global firms that often co-locate on both sides of the border. Firms like Thermo Fisher Scientific are already leveraging all our binational region has to offer, including specialized production processes and highly-skilled workers.
Who should consider leveraging cross-border talent?
Companies that are:
Considering outsourcing talent outside of San Diego
Currently outsourcing talent but looking to build a geographically closer team
Cost-conscious but looking to expand
Small to mid-sized and struggling to compete in the battle for talent.
can all benefit from leveraging talent in both San Diego and Tijuana.
Why consider cross-border talent?
Tijuana’s proximity to San Diego makes it a strong strategic choice for talent and business partnership, especially for remote and hybrid teams.
First, compared to working with talent around the world, there can be fewer limitations when your company leverages talent in Tijuana – whether visa-related or otherwise. For regional innovation companies like those in the life sciences cluster, too, the ability to transport samples between San Diego and Tijuana teams is much simpler and quicker than other international options.
And when it comes to culture and oversight, Tijuana is just 20 minutes south of San Diego, allowing management to provide more direct support via easy day trips to Tijuana teams and offices. Because Tijuana is in the same time zone as San Diego, teams can enjoy easier collaboration and culture-building every day – whether or not companies remain remote or consider returning to on-site work.
Who can help me?
If leveraging Tijuana talent can help your company but you’re not sure where to begin, there are a number of programs and partners that may be able to support or help fund your cross-border talent search.
If your company is based in San Diego and looking for general or tech talent, contact World Trade Center San Diego to get started.
If your company is based in Tijuana and looking for tech talent, contact ITJuana to get started.
If your company is based in Tijuana and looking for general or tech talent, contact Tijuana EDC to get started.
Interested in growing your business internationally?
World Trade Center San Diego, home of the Export Specialty Small Business Development Center (SBDC), works directly with companies – free of charge – to help them expand internationally and grow in San Diego. Whether your small company is interested in learning about exporting and international growth, or your small or medium-sized company is ready to export and grow internationally, World Trade Center San Diego is here to help.
Here are three things we learned from the session about foreign investment into San Diego:
1. FDI is a positive for the United States, but requires caution
Foreign direct investment (FDI) provides American companies with valuable capital to grow and prosper. However, it is critical to exercise caution and conduct proper due diligence when considering investment from foreign countries. There is always a chance rogue actors could undermine American companies like yours by way of theft of intellectual property.
2. U.S. companies are losing out on American-made innovative technologies to adversaries
Foreign countries are increasingly leveraging FDI as a means to gain access to new technologies via control of intellectual property. One way adversaries do this: By raising venture capital and early stage funds to target innovation hubs like San Diego.
Unsurprisingly, the United States and its partners comprise the vast majority of innovation hubs around the world, making them and their homegrown innovation companies high-value targets. The majority of threats have been toward companies in the emerging technology space, including 5G, artificial intelligence, semiconductors, and unmanned systems. But recently, improved due diligence and private capital has allowed CFIUS and its partner organizations to minimize these threats toward American companies and technologies.
3. It pays to proactively reach out to CFIUS
CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons, in order to determine the effect of such transactions on the national security of the United States. Companies that are considering leveraging foreign investment are encouraged to reach out to the team at CFIUS for no-charge advising to ensure your intellectual property will remain safe. CFIUS will need your company name, technology, and foreign investor information to determine if the transaction necessitates review through its due diligence process.
To get started with no-cost advising from the CFIUS staff, please reach out to David Rader, Deputy Director, Office of Foreign Investment Review at Department of Defense – david.m.rader.civ@mail.mil
Interested in growing your business internationally?
World Trade Center San Diego operates as an affiliate of the San Diego Regional Economic Development Corporation. WTC San Diego works to further San Diego’s global competitiveness by building an export pipeline, attracting and retaining foreign investment, and increasing San Diego’s global profile abroad.
Do you want to know more about the work of World Trade Center San Diego? Click here to receive our monthly Global Brief Newsletter, delivered straight to your inbox.
Welcome to the fourth edition in EDC’s Changing Business Landscape Series, which will be published bi-monthly in the San Diego Business Journal and here on our blog. If you missed them, check out the March, May, and July editions.
Surveying the changing business landscape in San Diego
The COVID-19 pandemic has impacted every facet of life, including how businesses operate. Companies in every industry are rapidly re-evaluating how they do business, changing the way they interact with customers, manage supply chains and where their employees are physically located. This has massive immediate and long-term implications for San Diego’s workforce and job composition, as well as regional land use decisions and infrastructure investment.
To identify evolving trends in local business needs and operations, ensuring their ability to grow and thrive in the region, San Diego Regional EDC is surveying nearly 200 companies in the region’s key industries on a rolling basis throughout 2021 to monitor and report shifts in their priorities and strategies. In addition, EDC constructed the San Diego Business Recovery Index (BRI)—a sentiment index to measure companies’ perceptions of current conditions, as well as expectations for the future across several factors such as business development, employment, and commercial real estate needs. (An index value >50 reflects expansion, and a value <50 reflects contraction. More information on the index and how it is calculated is available here.)
These insights will help inform long-term economic development priorities around talent recruitment and retention, quality job creation and infrastructure development. Companies are surveyed on several topics, with varying emphases in each wave.
Here are three key findings from the fourth wave of surveying conducted in August 2021:
Life Sciences companies struggle to keep pace. Employers reported higher earnings and headcount but also increased difficulty attracting and retaining talent
Supply chain disruptions hurt business development. The more profound impact of prolonged supply chain issues may be on San Diego business operations not local consumers.
Remote work is driving companies to scale down office space. Life Sciences and Manufacturing are the exception, where rising sales and increased staffing will require companies to add space.
The BRI slid 8.4 points in August to settle at 55.3 after coming in at a solid 63.7 in June. August’s read suggests that the recovery could be slowing and reflects deteriorating views of present business conditions and slightly less upbeat expectations for the next six to 12 months.
All but two subindex values declined in August. The renewed challenges faced by businesses led many to temper their future expectations somewhat, though the expectations subindex remained comfortably in expansionary territory at 61.8. While companies still anticipate an improving local economy over the next six to 12 months, the economic expectations subindex for six months out fell 16.4 points from 83.2 in June to 66.8 in August. Meanwhile, the subindex for economic conditions 12 months out fell 15.3 points from an exuberant 92.0 to a more measured but still optimistic value of 76.7.
Life Sciences companies struggle to keep pace
Employers surveyed reported an acceleration in hiring; the first time the employment subindex moved into expansionary territory. While this is welcome news, employers also reported increased difficulty hiring new workers. Though much attention has been given to the suggestion that extended unemployment benefits are keeping the unemployed from returning to work, the data doesn’t seem to support it. In fact, many of the pre-pandemic hiring trends have persisted and the industries having the hardest time filling jobs are those that are high-skill and high-paying. There were more than 118,000 unique job postings across the region during the month of August. The top job posting industries fall into the Tech and Life Sciences clusters and the most posted occupation was Software Developer (yet again).
San Diego Life Sciences companies have been struggling to add talent fast enough. These companies have been at the forefront of developing treatments and producing medical devices aimed at combatting COVID-19. As such, they have grown rapidly, drawing more than $9 billion in venture capital funding since the pandemic began. While Life Sciences companies reported higher revenues, earnings and employment relative to before the pandemic began, they also report the greatest difficulties filling new positions, keeping their highly in-demand talent from competitors, and dealing with suppliers and vendors. Despite these challenges, most have great expectations for the year ahead, with plans for increasing staff, their physical footprint and remote work capabilities.
Supply chain disruptions hurt business development
One of the longest lasting impacts of the pandemic has been on global supply chains. Companies across the country remain light on inventory even as demand for goods from furniture and clothing to recreational goods and electric bicycles has jumped. In San Diego, consumer spending is now up 11 percent compared to February 2020 before any COVID-related shutdowns began. Many consumer goods are manufactured overseas, and as the Delta variant has spread in many parts of Asia, production has slowed or even halted. While supply chain disruptions may be affecting what San Diegans can buy and the prices they will pay, the more profound impact may be in what San Diego companies can sell and to whom.
Across all industries, San Diego companies noted continuing difficulties with managing suppliers and vendors. From Aerospace and Manufacturing to Software and Life Sciences, supply chain struggles have become more disruptive throughout the summer months. Upstream labor shortages have reduced production, port and travel delays led to late or canceled shipments, and the unavailability of microchips and plastics prevented companies from delivering finished goods and even services. This may help explain that while revenues and earnings are up, new business development is becoming increasingly difficult for companies surveyed, with the subsegment BRI falling sharply into contractionary territory of 36.1 in August from 51.7 in June.
These delays and disruptions not only hurt the companies that depend on raw materials and intermediate goods, they also directly impact the more than 54,000 people employed in San Diego’s Transportation and Logistics value chain. Furthermore, supply chain disruptions to San Diego companies hinders their ability to serve customers across the world. San Diego is a top 10 services-exporting metro, specializing in Professional, Scientific, and Technical Services like Research and Development (R&D), Cybersecurity, Engineering, and Software. These industries have massive impacts on the local economy with each 100 direct jobs supporting 200 more elsewhere in the region.
Remote work is driving companies to scale down office space
After more than 18 months of remote work, with multiple fits and starts to get back into the office, many companies are coming to terms with some form of permanent remote work for their staff. The high levels of efficiency gains reported in the June survey has since subsided but remain net positive and strongly so. Employers are not necessarily looking to further expand their remote work capabilities or adopt new technologies for remote work, but many report a high desire among their workforce to maintain remote work options. Several reports from across the country and industry show that workers are primarily interested in flexible work arrangements that allow them to go into the office as needed while being able to manage their personal lives and avoid unnecessary commutes when possible. This flexibility is especially important to working parents facing unpredictable school and daycare disruptions as the Delta variant causes classrooms to temporarily shut down, sending their children back home.
With fewer workers in the office full time, more companies are making the decision to reduce their physical footprint. Many Technology and Software companies report difficulty justifying large, empty offices and thus plan to scale down significantly over the next year. Even companies in Education and Healthcare, that serve customers in-person, are moving back-office workers to either hybrid or fully remote work environments.
However, there are still companies looking to add space. These are mostly concentrated in Life Sciences and Manufacturing, where strong sales and increased hiring require more room to accommodate this growth. While many of these companies indicated plans to add office space, even more need industrial and lab space for R&D. Currently, there is almost 7.7 million square feet of industrial and flex space available and nearly 19 million square feet of office available across the region. The growing needs of companies suggests the balance may need to shift in the other direction.
Whether pharmaceuticals or beer, San Diego companies have long produced the things that make life more comfortable and more enjoyable. These companies also drive economic growth in our region. It is important that they have the assets they need, both in terms of physical infrastructure and skilled talent, to grow and thrive in San Diego.
Stay tuned for more on San Diego’s changing business landscape. EDC will be back every other month with more trends and insights. For more data and analysis visit our research page.
World Trade Center San Diego (WTCSD) partnered with the American Chamber of Commerce (AmCham) in Shanghai and San Diego Sport Innovators (SDSI) to host a business roundtable centered on the opportunities and challenges of exporting to China. Whether a small to mid-sized San Diego business or a more experienced San Diego corporation, all businesses can leverage the opportunity to export to a growing Chinese market, even amid COVID-19 challenges.
Here’s what you need to know.
1. You’ll need to locally register your business
Local officials in China have enormous say in terms of registration, policies, and enforcement. Be proactive in reaching out to the local U.S Commercial Service and AmCham teams—these experts support businesses like yours every day and can help keep you from running in circles.
2. Find the right international partner to minimize challenges and delays
It’s crucial for your business to identify suitable business partners in China or in the international space to help you understand and overcome non-tariff barriers. COVID-19 restrictions have made this process extremely difficult and global partners anticipate that pandemic-related delays and challenges will persist for the next 12-24 months. Especially now, companies should make sure to seek out and lean on local partners to increase your chance of successfully breaking into the Chinese market.
3. Leverage target demographics and Gen Z trends
China’s Gen Z are increasingly driving social trends…and consumer purchases, thanks to their disposable income. While much of their focus remains on domestic Chinese brands, their digital savvy opens up opportunities for your company to get in front of a growing market that isn’t necessarily loyal to the brands of their parents’ time. SDSI also notes that Gen Z has driven particular interest in premium consumer goods, with a focus on action sports like skating following the 2020 Olympics.
Strategizing opportunities to promote your brand to the right audience on popular digital platforms like WeChat or leveraging the right polarizing figures can help drive your successful marketing.
4. Do the work to understand consumers and cultural differences
Understanding consumer demand at the tactical level (on the ground) is critical to your company’s success. To be seen as an attractive option for your customer base, keep in mind cultural and social norms outside the U.S. For example: Understanding and leveraging Chinese holidays and special events can mean success for your company, with the opportunity for high interest and ability to reach a large demographic…if you do your research.
With some preparation, San Diego companies can succeed in the current business climate.
Businesses that have had success in exporting to China tend to do the following five things:
Work with local, in-country partners that can help your company navigate COVID-19 and understand local restrictions.
Leverage local networks to provide guidance on legal issues, and introductions to vetted service providers.
Identify and connect companies with distributors and industry consortiums.
Obtain market intelligence that helps gain perspective on overall market climate for example, understanding China’s digital landscape.
Interested in growing your business internationally?
WTCSD is now accepting applications for its flagship export assistance program, MetroConnect. 15 companies will be selected to receive a $5,000 export grant, 7 curated export workshops, access to mentors, complimentary translation software, international flight discounts, PR and marketing support from WTCSD staff, and the chance to win a $25,000 grand prize. For questions, please reach out to Lucas Coleman (lc@sandiegobusiness.org). Apply by November 15
About:
WTCSD Founded in 1994 by the City of San Diego, Port of San Diego, and San Diego International Airport, World Trade Center San Diego (WTCSD) operates as an affiliate of San Diego Regional EDC. WTCSD works to further San Diego’s global competitiveness by building an export pipeline, attracting and retaining foreign investment and increasing San Diego’s global profile abroad. sandiegobusiness.org/wtcsd
AmCham Shanghai The American Chamber of Commerce in Shanghai, known as the “Voice of American Business” in China, was founded in 1915. AmCham Shanghai was the third American Chamber established outside the United States, and now has 3,000 members from 1,300+ companies. As a non-profit, non-partisan business organization, AmCham Shanghai is committed to the principles of free trade, open markets, private enterprise and the unrestricted flow of information.
SDSI SDSI is a nonprofit focused on the Sport and Active Lifestyle industries. Working with Executive Chairman and NBA great Bill Walton, its 100 company membership represents the “Southern California Lifestyle” and includes leading sports and technology brands, Nutrition and Yoga, Surf, Skate, Cycling, Golf and Retail, as well as some of San Diego’s best Service Companies. It focuses on relevant and actionable C-level content that benefits its member companies. SDSI’s award winning Accelerator program features a 20 week Mentoring curriculum whose graduates have raised $86 Million and have a 82% success record. For more info go to SDsportinnovators.org
Each month, World Trade Center San Diego delivers the latest global news and updates straight to your inbox. In September 2021, here’s what you need to know about San Diego’s global trade, investment, and engagement:
WTCSD launches MetroConnect VI
Take your company global or grow your existing international sales with MetroConnect VI, the sixth iteration of World Trade Center San Diego’s flagship export assistance program presented by JPMorgan Chase and Procopio. Apply now to become one of 15 companies selected to receive a $5,000 export assistance grant, attend private executive export workshops, get complimentary access to SystranPRO translation software, and more. ➝ Read More
MetroConnect helps local company create $5M+ in international sales
When Ben Weinrib took over as EDDY Pump’s CEO in early 2019, he committed to elevating his father’s technology and getting it into as many hands as possible. From a $2M contract with the world’s second largest mining company to a deal with the Chilean Navy, learn how MetroConnect helped EDDY Pump take its business global. ➝ Read More
Looking to go global? Take advice from 10 San Diego companies
Entering any global market requires patience, persistence, and expertise. Learn how MetroConnect helped regional companies like Dr. Bonner’s, Coronado Brewing, Scientist.com, and Urban Translations go global—and the advice they have for your company. ➝ Read More
“Blue Sky Network is the perfect reflection of San Diego’s innovation economy coming together, leveraging our excellence in defense and technology now on an international stage,” said Lucas Coleman, senior manager at WTCSD. “The results from MetroConnect’s fifth cohort are impressive. Whether it’s alleviating supply chain processes in Australia or cultivating leads in Korea, Brazil and the UK amid incredible economic uncertainty, working to connect small and medium-sized businesses to international markets builds greater resilience here at home.”
