MONCTON – Three more New Brunswick companies will participate in the Canadian Digital Media Network’s (CDMN) Soft Landing program as part of the spring 2016 cohort.
SelectBidder, RtTech Software and MASITEK, will use their program to help forge the partnerships and connections they need for international expansion.
CDMN’s Soft Landing program helps mature startups and SMEs kickstart their international growth by helping them access a foreign market. For a period of up to three months, the participating company can take up residence in a partnered facility that provides the regional support required to help grow its business, as well as receive up to $4,000 in travel and accommodation costs.
“The Soft Landing program has already resulted in millions of dollars in new business and investment for our participating companies and generated more than a 30x return on CDMN’s investment of funds and resources,” said Avvey Peters, CDMN’s Managing Director. “International expansion is more important than ever as a driver of wealth and job creation for the Canadian economy. Working with member hubs like Venn, the program’s success to date demonstrates the tremendous impact that even a modest investment in global business development can have.”
Venn is the New Brunswick hub in CDMN and this brings to seven the number of New Brunswick companies it has helped gain international market access to since December of 2014. Destination markets have included the United Kingdom, Netherlands, United States and Australia.