Global technology innovation is an online platform for startups, MSMEs, entrepreneurs, and companies to continually showcase numerous innovative technologies and enable business, research, science, and technology collaborations on a global platform. Global technology serves as a marketplace where ICT, clean-tech, and biotech entities can find customers, investors, and partners around geographic boundaries. The entities joining the global innovation take benefit of the below-listed features:
Interested people can find new investors, customers, partners, and international technologies and take part in podcasts by researchers, companies, and experts.
A dedicated virtual display platform where numerous technology businesses can showcase solutions, products, and other materials intending to derive interest from different audience to this space
The global technology innovation team can set technology pitch sessions (both virtual and physical) where startups, entrepreneurs, business groups, and researchers can have the chance to showcase their innovation to different market players, including investors and corporates.
The platform can act as a global marketplace for researchers and businesses to reach end customers and partners. The ‘connect’ feature permits the technology scouter to link with the technology displayer and vice versa. These connections can be managed by the team for collaboration if needed by both partners.
This platform can be the library for information exchange, events, knowledge, and innovation on a real-time and sustained basis.
The global technology can facilitate support and collaboration in developing the consortium with global ecosystems.
A team of experts can manage the global technology innovation for managing the research collaborations and business deals. They will also offer additional value-added services.
Global technology offers an education space for researchers and students to be up to date on the new innovative work occurring in their fields of study.
Entering a dynamic and new market needs a sustained presence and effort; SMEs and entrepreneurs must adhere to a structure plan to have a constant market presence and to be successful.
Global technology innovation is a sensitive market, appears for high-value products. Economics of scale signifies a crucial role in driving down the cost and technology indigenization and adopting the local supply chains. Cost optimization is the key. Therefore, business models must be developed which prepares and examines for the optimal cost. It does not mean the profit is low. The business must establish strong customer attention, know how much the client agrees to pay and the volume of the tax structure, policy framework, customer base, etc. It will make a local business model that stabilizes profits and costs – the strategy required to be considerate and inclusive of the nature of the demand. Most global SMEs and entrepreneurs try to adopt two main tactics varying on their detailed understanding of the market: a non-equity-based strategy including the direct export/selling and contractual agreement or the equity-based approach including subsidiary, joint venture, or by company acquisition. For reaching this decision, SMEs and entrepreneurs may need to pass through different stages leading from the discovery to the deployment they engage in at any step, depending on the present capacity and readiness to enter a new marketplace.
Global technology manages the platform to guarantee due diligence of new businesses and ensure that links made depend on mutual interests. The direct management system is an excellent feature of global innovation and is the crucial differentiator from others.