ExporTech™

Program Goal:

The goal of the ExporTech™ Program is to support the export capabilities of businesses in the state of Wisconsin.

This program supports the following WEDC Strategic Pillar and Focus Area:

Business Development: Export and International Trade

Program Description:

In order to support the export capabilities of Wisconsin companies, WEDC partners with the Wisconsin Center for Manufacturing and Productivity (WCMP) to offer financial and technical assistance through the ExporTech Program. The program has three financial components – WEDC funding for ExporTech delivery, WEDC assistance with the program cost for eligible participating companies, and funding for a market assessment following ExporTech completion.

ExporTech is managed and deployed nationally by the National Institute of Standards and Technology’s Manufacturing Extension Partnership (NIST MEP) in collaboration with other federal/state export partner and promotion organizations. Through a contractual agreement, ExporTech™ is coordinated by WCMP, with financial and technical support from WEDC.

ExporTech™ is a proven export strategy development program designed to speed a company’s ‘go to market’ timeline by developing a customized international growth plan for the company’s product in key markets. Participating companies receive access to topic matter experts, individualized coaching and consulting, customized support and guided development of an international growth plan. The program provides a unique focus on CEO/top management success factors and aims to provide companies with early export success. Each program takes place over 12 weeks.

This program provides financial assistance to eligible Wisconsin companies to participate in the 12-week program and receive a market assessment upon completion.

The key to success in international markets is preparedness, and the goal of ExporTech is to better position companies for success in the global economy. In order to further assist and provide Wisconsin companies with hands-on strategic export development, ExporTech is designed to help companies take a more proactive approach to export markets. As the driving force in job creation and economic growth, small business growth is imperative to the health of the Wisconsin economy.

Eligibility Requirements:

Eligible ExporTech companies must be established businesses operating in Wisconsin that manufacture, process, assemble and/or distribute a product or perform a service with a potential to be exported. Executive-level (C-level, president, owner, decision maker) involvement and participation is required.

Incentives and Available Funding (FY18): $214,000

Scholarship Funding:
The FY18 ExporTech™ contract will run from July 1, 2017, through June 30, 2018. Through this agreement, WEDC will fund scholarships for eligible participants for 50 percent of ExporTech costs, up to $5,000.

Market Assessment Funding:
In order to further support export plan implementation, in-market research/due diligence, and utilization of our Global Trade Network, ExporTech™ graduate companies will receive a formal market assessment in one of their target markets by WEDC’s Global Network. These funds will be administered as a pass-thru by WCMP.

Activities and Expected Outcomes:

Award one organization to support 36 businesses.

Performance Reporting:

The recipient will be required to submit a quarterly performance report documenting the number of companies assisted, as well as any other contract deliverable.

WEDC may impose additional reporting requirements to evaluate project performance and to ensure compliance with contract deliverables.

Application and Awards Process:

As the authorized administrative entity for ExporTech in Wisconsin, WCMP handles, approves and processes all applications and participation agreements. All applications are shared with WEDC for reference and review by the export development manager. Participating companies must have completed all ExporTech™ requirements before any funds are disbursed via formal request for disbursement as outlined in the partnership agreement. Prior to making the award, the program proposal will be assigned to an underwriter and go through the award review process.

For more information on application review, internal process and award distribution, please refer to WEDC’s award administration policies and procedures.