By Max Clarke
Minister for Trade and Investment Lord Green is supporting innovative UK firms today as they compete for business at the world's biggest mobile technology fair, Mobile World Congress (MWC), in Barcelona.
Around 200 UK companies are exhibiting at the event, which last year resulted in multi-million pound opportunities for UK companies, and is attended by 50,000 people.
Lord Green, who is on his first international visit as Minister for Trade and Investment, said:
“UK firms have the technology to compete and win business against the best in the world, and it is at trade fairs such as Mobile World Congress that they can find the international partners to transform their businesses. UK Trade & Investment helps firms participate fully in these events and find the right business contacts that will make all the difference.
"It takes courage to step on a plane and pitch your products overseas for the first time, but by taking a strategic approach, UK firms can forge new business contacts and find new markets for their products."
Among the deals which followed last year’s Mobile World Congress, London-based Movirtu, which created the award-winning Cloud PhoneTM software, secured £3.6 million of investment led by TLcom Capital.
Hypertag, a firm on the UKTI stand last year that generates 50 per cent of its revenues from exports, has since joined up with UK company Proxama.
Lord Green will also hold talks with Chinese companies to discuss the UK's strengths in this innovative sector. The UK telecoms industry generated around £62 billion for the economy last year and, with the IT sector, employs around 1.5 million people. The UK has the largest ICT sector in Europe.