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Community News
On April 24, 2024, we had the honor to participate in a meeting organized at the Silesian University of Technology, coordinated by the Industry 4.0 Center of the Silesian University of Technology
Community News
The Furniture GO International Consortium, with a small delegation of European companies, is attending the DECOREX Cape Town and is looking to meet with companies and organisations within the
Community News
Last December, the project proposal presented for the creation of a new educational system at the VET level for the training of new professionals in the printed, flexible, and organic electronics
Community News
In an era of accelerated globalization, internationalization has become a cornerstone for businesses seeking to expand their market presence and competitiveness globally. Recognizing this imperative need, the โFurniture Go Internationalโ (FGOI) project, funded by the European Unionโs COSME program, has undertaken an innovative feasibility study for the establishment of a Joint Representation Office (JRO) in key third countries: the United States, Canada, Egypt, and South Africa.
The study presents a comprehensive market environment analysis, exploring the feasibility and opportunities of opening a JRO from market perspectives, management structures, and future financial viability. Supported by the European Commission and a joint investment of โฌ549,248 from the EU and โฌ61,026 in private funding, FGOI marks a milestone in collaboration and innovation, directing its efforts towards intensifying cooperation opportunities in the furniture industry and related sectors.
Strategic Objectives and Key Benefits
The primary goal of the JRO is to strengthen the presence of European SMEs in foreign markets, facilitating entry and sustained growth in these countries. Through promotion services, local market research, assistance with regulatory compliance, and establishment of business contacts, the JRO will serve as a crucial bridge for companies looking to explore and consolidate in new horizons.
Additionally, the study has identified potential local partners in initial exploratory visits, ensuring effective integration and fruitful collaboration in each target country. This network of partners not only expands business opportunities but also facilitates the cultural and commercial understanding necessary for successful internationalization.
A Hybrid and Sustainable Approach
Acknowledging the changing market dynamics post-COVID, the study proposes a hybrid model for the JRO, combining virtual elements with physical spaces that allow for both the flexibility and tangibility required in the furniture sector. This approach is not only economically viable but also aligns with current digitalization trends, offering a robust platform for the promotion and sale of products and services.
A Beacon for European SMEs in the furniture industry
At its core, the JRO aspires to be a beacon for European SMEs in the furniture sector, guiding them through the complexities of international trade. By offering an array of services from local market research to regulatory compliance assistance, the JRO is poised to facilitate seamless market entry and sustainable growth in foreign markets. Moreover, the office will serve as a vibrant space for exhibitions and events, highlighting the importance of sensory experiences in the furniture trade, alongside leveraging digital mediaโs growing influence.
Invitation to Collaboration
FGOI invites all stakeholders, from SMEs to strategic partners and financiers, to join this collective effort towards internationalization. The creation of the JRO can represent an opportunity to open new markets, strengthen competitiveness, and contribute to economic growth and innovation in the furniture industry and related sectors.
With a clear vision and a defined path to success, the feasibility study for the Joint Representation Office is more than a deliverable; it is an invitation to be part of a new era of international cooperation and shared success, based on an realistic analysis.
If you are interested in learning about how a JRO can benefit the industry, together with understanding the potential costs for such a venture based on a comprehensive comparison among the targeted countries, download the Feasibility Study below.
The content of this news represents the views of the author only and is his/her sole responsibility; it cannot be considered to reflect the views of the European Commission and/or the European Innovation Council and SMEs Executive Agency (EISMEA) or any other body of the European Union. The European Commission and the Agency do not accept any responsibility for use that may be made of the information it contains.
Community News
The Galician Automotive and Mobility Sector closed the 2023 financial year with good results, reaching record turnover and exports, which consolidates this industry as a powerful economic engine of
Community News
๐ข The โBlue Economy and the Venice Lagoon" event is organized by Sea the Change S.r.l. and SerenDPT - Serenissima Development and Preservation through Technology, a Benefit Company based in hashtag
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The first internationalization mission of the Epicentre project has concluded. The Italian partners of the Campania Bioscience Technological District have explored opportunities related to the US
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โ ๏ธ UPDATE! ๐ฆ๐๐๐๐ข ๐ข๐ฝ๐ฒ๐ป ๐๐ฎ๐น๐น ๐ณ๐ผ๐ฟ ๐๐ฎ๐ฐ๐ธ ๐๐ฎ๐ ๐ง๐ฟ๐ฎ๐๐ฒ๐น ๐ฉ๐ผ๐๐ฐ๐ต๐ฒ๐ฟ๐ - ๐ฅ๐ผ๐บ๐ฎ๐ป๐ถ๐ฎ: ๐๐๐๐๐๐๐ก๐ ๐๐ซ๐ง๐๐ก๐๐๐! โ ๏ธ
The submission deadline for the #SILEO Open Call for Hack Day Travel Vouchers in Cluj-Napoca, Romania has been
Community News
Discover the lineup of companies in the SURE5.0 Acceleration Programme 2! Chosen for their innovation and dedication to advancing industries like Mobility-Transport-Automotive, Aerospace and Defense
Community News
During the intensive workshops of the CAFEIN project, which took place recently in Warsaw, participants had the opportunity to meet with partners from member countries. It is a unique platform for
Community News
We are proud of our involvement as a partner and patron of CIVIL & MILITARY AEROMIXER, the 3rd edition of the prestigious international event organized by Bosetti Global Consulting - a valued member
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MAKING RESULTS MATTER on the European Commissionโs Horizon Results Platform
In the dynamic landscape of research and innovation, the EC Horizon Results Platform (HRP) is actively fostering the