Internationalisation to the US

Great Product Ventures, Inc.

Service ID:

EP72S3
Service description

A minimum of three years of service for internationalisation and commercialisaiton targeting EIC Accelerator beneficiaries. This service aims to support EIC beneficiaries in their internationalisation in North America. Great Product Ventures’ team will establish vendor relationships for the EIC beneficiaries with North America’s top Retailers and Distribution Channels (for non-retail items). This distribution area is the 50 states of the USA, Canada, and potentially Mexico. Great Product Ventures’ partners; the team consists of seasoned top executives or serial entrepreneurs with vast experience and know-how in commercialising products and services in the US. Great Product Ventures shall set up a US Distribution Company for each of the EIC beneficiaries in order to import and resell their goods and services. Great Product Ventures will also perform US a US Regulatory Study for the products/services being imported to ensure they meet FDA, UL, EPA, PTCRB, etc. Standards. In the event that Regulatory work is needed for a product/service to enter the North American Market, Great Product Ventures will work with the EIC beneficiaries to achieve Certification from the applicable Standards Body. This is done through a network of Strategic Service providers who provide a discount to Great Product Venture partner companies. If North American manufacturing is needed, Great Product Ventures also has a strong network of some of the world’s largest manufacturers with on-shore and near-shore facilities throughout North America. Great Product Ventures also performs a “best fit” study for tariffs and logistics to ensure time to market at the most competitive price in order to increase sales and revenue. Great Product Ventures has partnered with several of the US’ largest distributors and has direct and privileged relationships with some of the most important US retailers in health care, consumer goods, telecoms, electronics, and groceries industries. This list includes but is not limited to Walmart/Walmart Health, Samsung, Apple, Paypal, HCA Hospital Corporation of America, VA (US Department of Veteran’s Affairs), US Department of Energy, Best Buy, Target Stores, CVS, Walgreens, AT&T, Verizon, Amazon, Wynn Resorts and Marriot Hotels. 

Sector
Sector agnostic
Technology Readiness Level
TRL 8 – System complete and qualified
TRL 9 – Actual system proven in operational environment
Financial requirements

Negotiable, but the average costs are €3000 - €10000 Eur/per month for the first 6-12 months only (launch period ) and 30% commission of the Sales in the North American Market.