Halfway Through the UK Tech Accelerator: Halftime Party 🎉
Last week, our UK Accelerator teams had the opportunity to join a special status call to celebrate an important milestone – reaching the halfway point of the UK Accelerator program! This summit, our Halftime Party, was not only an occasion to share progress but also to discuss key questions around internationalization and gather fresh insights for the second half of the program. A special thanks goes to the co-organizers and mentors for their contributions: Baden-Württemberg International (BW_i), Germany Trade & Invest, GFT Technologies, and DORNKAMP Law Firm.
🤝 A key focus was on how to best approach German clients. It was highlighted that German companies value long-term partnerships, which require trust. This trust can be fostered through connections with reputable ecosystem partners, a strong brand, expert knowledge, and confident presentation. The teams are on the right track but need to be patient, as building these relationships takes time.
🚀 Another focus was on determining the right timing for taking the next steps in internationalization: Should you acquire initial clients in Germany before setting up an office? Are direct 1:1 meetings or participating in trade shows/events more effective for acquiring clients? The takeaway: Taking those first bold steps is essential for gaining clients and establishing contacts. Thoughtful planning is crucial, but swift execution is key.
⚖️ The complexity of the German legal system was also discussed. Is it really that complicated? The advice was clear: Only sign contracts if you fully understand them. Seeking expert assistance is a smart move and should be taken advantage of.
Overall, it became evident that the teams are on a promising path. Regular feedback loops and adaptability are the key to a successful path. And the most important thing: courage pays off!
A big thank you to everyone involved for their commitment and valuable insights! We look forward to the second half of the program and the milestones yet to come. 🙏🙏
OctaiPipe; BOW; Oxford Quantum Circuits (OQC)
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Thank you for all of your support! 🙌