Success Stories

Meden-Inmed increases turnover in Asia following business mission

Within a year since the mission, the company increased its turnover by 50% in Asia as a whole, including in Singapore, Vietnam and Malaysia. The EU Gateway | Business Avenues program not only kickstarted this turn of events, but it also sped up the process so that the company could start doing business quicker.

Investment management software company FA Solutions meets new partner in South East Asia

Shortly after the mission, FA Solutions announced a partnership with Codemate, an international software development company from Finland that has had a decade-long strong presence in South East Asia. The two companies target similar customer segments and realised that together, they can work on developing better-customised solutions for the South East Asian financial markets.

ClimaCheck accelerates cleantech revolution in South East Asia

In 2016, the company was selected to join the EU Gateway | Business Avenues mission for Green Energy Technologies to Singapore and Malaysia. Since then, the company has acquired new distributors in Singapore, and local partners who use the company solutions in Malaysia and the Philippines.

Growing market share for Belgian Well Pumps in South East Asia

In 2016, Well Pumps was selected to participate in the Business Avenues mission for Environment & Water Technologies. Through the mission, Well Pumps found a local partner, Vucico, a company specialized in representing foreign companies in the water industry in the Vietnamese market. This partner is of significant importance due to its access to a wide network of state-owned companies responsible for the distribution of potable water across the entire country.

EU Business Avenues yields exponential growth in Asia for Fernbach

The EU Business Avenues mission helped FERNBACH ease into the complexity of the markets in the region. A recently established new partnership with BDO in Indonesia led the company to further expand its Machine Learning application, which monitors the loans for which contracts already exist. FERNBACH is continuously working on its product development to ensure it meets the needs of the South East Asian markets.

Partech Thrives Following Environment & Water Technologies Business Mission

The mission proved fruitful for the British company and the sales figures speak for themselves. In Singapore, Partech met prospects that were interested in using their sensors and equipment. At the moment, new business agreements are still being discussed. In Vietnam, Partech initiated two distribution agreements with TVA Online Solutions and Vucico Vietnam.

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Building EU-South East Asia Business Partnerships

The EU and Singapore enjoy enduring, robust relations. On 21 Nov 2019, the entering into force of the EU-Singapore Free Trade Agreement (EUSFTA) crowns the mutual commitment to deepen their economic relations. The EUSFTA makes trade and investment between the European Union and Singapore easier. Indeed, it facilitates access to the Singaporean market for European technologies, goods and services, thus helping European companies to grow their business in Singapore and become more competitive in South East Asia.

Knowing how to move the first steps in Singapore is crucial to make the most of this favourable scenario and to establish successful, long-lasting, business relations.

The EU Business Avenues in South East Asia is a business programme that is organised and funded by the European Union. The progamme will bring European companies to South East Asia to seek and establish long-lasting collaborations through coaching, pre-arranged business meetings and other business support services. Take advantage of this programme and explore European’s innovations and discuss collaborative opportunities when these European companies are here.

The business missions brought selected European companies from the following sectors to seek partnerships in six South East Asia countries.

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