Reducing Poverty Through Global Economic Growth

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The U.S. Small Business Administration and The Millennium Challenge Corporation (MCC) recently signed a Memorandum of Understanding (MOU) to advance emerging technologies and innovations developed through the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs. The MOU will help close nation-specific gaps in sectors like energy, sanitation and health, which are set to be pinpointed, piloted and scaled 

The two aim to collectively advance emerging technologies via their resources and realms—and connect U.S. small business innovators with international markets—under the MOU.

Let's hope this unleashes a country's true innovation potential.

Social Media Gives SMBs Greater Heft in Global Marketing

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Technology and the Internet have changed everything.  In combination, they allow the smallest of the smallest companies a chance to compete head-to-head against companies a million times bigger.  And never could we have imagined upstart businesses going global and expanding beyond their traditional markets in such a short a time span.  Many call this "born global" companies.

Why's this happening?  Many new technology trends are creating efficiencies.  Here's one for example:

Social media gives SMBs greater heft in [global] marketing 

Till the advent of Twitter and Facebook, could anyone have imagined a small startup going head-to-head with a big corporation from across the globe? But on social media, the advantages of deeper pockets seldom hold true, and it’s possible for a young upstart to quickly get noticed and build up its brand simply by being more responsive and observant.

Learn more about the other technology efficiencies:  How emerging technologies can help SMBs go global.