PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606732

Primary Business Area

Other

Disclosure Date

Apr 30, 2024

Country

India

Region

South Asia

IFC Approval Date

Aug 18, 2023

Status

Active

Estimated Total Budget

$1,400,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 9, 2024

Project Estimated Start Date

Aug 15, 2023

Project Estimated End Date

Jun 30, 2026

Client Legal Name

PURIX APS ,New Leaf Dynamic Technologies Private Limited ,Farm to Feed ,Ecomax Solutions Private Limited ,EJA-ICE NIGERIA LIMITED ,ENDO ENTERPRISES UK LTD ,IOTOMATION ECOTECH PRIVATE LIMITED ,Aent Co., Ltd ,ELGRESSY ENGINEERING SERVICES LTD ,NATURAL OFFSET FARMING LTD. ,KONVERTER ENGINEERING GROUP SA DE CV ,ATC MECHATRONIK INTERNATIONAL FOREIGN TRADE AND INDUSTRY LIMITED COMPANY ,Imometrics

Project Description

The Market Entry and Expansion project aims to support high potential tech companies to accelerate their entry and expansion into emerging markets or grow their business through expanding into new verticals or (sub-)sectors. Often tech companies are unsure of the needs, opportunities and/or relevance of their products in new markets, and/or find it difficult to engage as they are unsure of market dynamics, local regulations, whether their business model will work, how to access customers, etc. These companies often also lack financial resources to undertake scoping and launch and scale activities in new markets, particularly given uncertainty of success. Under this project, IFC will work with around 10 high potential, high-impact tech companies from around the world to enter/scale in a variety of sectors – providing support to assess market expansion in agreed countries, deliver a road map and recommendations for market entry, and providing more in-depth support when agreed.

Development Results

E&S Risks / Impacts and Mitigation