The valuable resources provided through the VALET program will help Ideal Innovations to diversify and expand our global presence.
Arlington, VA (PRWEB) August 08, 2012
Ideal Innovations, Inc., a leader in biometric and forensic services, has been selected by The Virginia Economic Development Partnership (VEDP) to participate in its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.
“The valuable resources provided through the VALET program will help Ideal Innovations to diversify and expand our global presence,” said Bob Kocher, President and CEO of Ideal Innovations. “Utilizing the market research, in-country trade representatives and subject matter experts provided by the program will allow us to better educate our corporate leadership and staff to pursue new opportunities outside of the U.S. federal market.”
Ideal Innovations joins the program, along with Northern Virginia companies Tracen Technologies, Vehicle Control Technologies and Vitatech Electromagnetics, as part of the 22nd class of the VALET program. To participate, each eligible business must meet several quantitative criteria and complete an application process. Participating firms are chosen based on their dedication to growth through export. Currently, more than 174 Virginia companies have been accepted to participate in the VALET program.
“Because of the program’s proven success and because jobs are created when Virginia companies sell more into global markets, it is important that we continue to assist Virginia companies through the program,” said Paul Grossman, VEDP Director of International Trade and Investment. “We are happy to welcome these companies to VALET and look forward to working with them over the course of the next two years.”
New participants in the program have access to $15,000 in reimbursement funds from the Commonwealth. The program provides participating companies assistance from a team of experienced international service providers to help meet their international goals. Private sector service providers such as attorneys, web designers, bankers, translators and freight forwarders contribute essential expertise to assist companies in executing their export initiatives.