Cluster links to India and USA (BEST PRACTICE)

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A key success factor in investment attraction is the ability of localities to connect their knowledge, competencies and people.

We are thus in talks with agencies in India and the USA to link networks and clusters across borders – to enhance the connectivity of companies and researchers, and strengthen competitive advantages of towns and regions.

The key problem being addressing is the ’hit and miss’ involved in innovation and commercial deals. This is why development agencies and companies spend a lot of time connecting people via meetings, conferences, newsletters, websites, investment missions etc.

For example, millions of IT executives and their staffs compete daily to win business and to position themselves in each others’ markets. They crave knowledge about who is letting contracts, and which local companies they should be getting close to. This is a costly and time-consuming activity, only a small percentage of firms are amenable to joint ventures at any given time, and trust is not generated overnight. Wouldn’t it be easier with an on-the-ground ally?

We are thus identifying networks that are serious and active about collaboration and two-way investment. The aim is to have a multi-country platform to connect the key agencies within particular industries. Initial focus is on aquaculture; auto parts; biofuels; biotech; dairy foods; electronics; environmental management; food manufacturing; healthcare; information technology; marine engineering; telecommunications; textiles.

 

Contact us at apd@orac.net.au for further details.

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