UKTI Launches Exporting for Growth Prize Competition for SMEs (UK)

The new Exporting for Growth Prize Competition aims to encourage more small businesses in the UK to take their products to overseas markets by offering a comprehensive package of support to the company with the best export idea.

Winners will receive UKTI support worth up to £5,000 and three grants for overseas travel to their target markets, plus expert business knowledge and insight from sponsor companies. Additionally, UKTI will provide access to a range of free services. Runners-up and shortlisted companies will also benefit from access to UKTI service offers.

All eligible companies will have access to professional mentoring support to develop their audition pitch, time with an international trade adviser and, subject to eligibility and resource, an opportunity to be considered for UKTI's Passport to Export programme (with £1,000 of Business Development Credits) or Gateway to Global Growth programmes and other UKTI initiatives.

The Competition is open to UK-based SMEs. To be considered for entry, applicants must be eligible for UKTI services and be an SME according to the EU definition. UKTI is particularly interested to hear from first time or novice exporters.

The deadline for the receipt of applications is 13 January 2012.

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