MAY 2019, Verdure Sciences was a recipient of a grant through the Indy Chamber’s GoGlobal Grant Export Acceleration Program. This grant is offered to small and medium sized enterprises (SMEs) headquartered in a nine-county Indianapolis region with the goal of fostering export growth through overseas sales.
A portion of the funds were applied to international logistics training. Joycelyn McClung, Logistics Coordinator at Verdure Sciences, “I learned the importance of using the correct Incoterms in relation to international shipments to minimize our risks, as well as our liability concerns associated with Incoterms.” The training has already greatly helped our efforts to increase efficiency while working with our overseas partners. In conjunction to this training, the US Department of Commerce conducted export coaching for several Verdure team members as part of this grant.
The remaining GoGlobal Grant funds have been allocated to help enter new international territories such as China, while also expanding Tokyo business to the list of international trade shows and meetings with the objective of reaching new channels and territories in Asia. These additional territories, if successful, will rapidly increase our exports to 50-60% of our total sales. Sonya Cropper, VP of Marketing and Innovation at Verdure Sciences, stated “Verdure continuously looks for innovative ways to penetrate new markets and channels as part of our general growth strategy.” We are excited to strategically align ingredient solutions for optimal success and direct access within Asian markets.
Verdure Sciences is extremely grateful to the Indy Chamber and the GoGlobal Grant Committee for choosing Verdure as one of the recipients for this grant. It is an honor to have the opportunity and support in our efforts to broaden our global reach into these Asian territories.
About Verdure Sciences®:
Verdure Sciences manages ingredient innovation throughout the integration of supply network, production, and research platforms. With an expanding pipeline of proprietary, standardized botanical ingredients supported by pharmacokinetic, pharmacodynamic, and clinical research profiles, we work toward our unified vision to offer safe, effective ingredient solutions. Verdure Sciences® is a registered trademark of Verdure Sciences®, Inc.
For our most current patent and trademark information, please visit: https://vs-corp.com/ip
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The GoGlobal Grant Export Acceleration Program provides up to $5,000 in matching grant funding to qualifying companies to support their export activities. This grant is funded through Indy Chamber and JPMorgan Chase. Grants match and reimburse company expenses for future export activities. The purpose of the grant is to foster export growth in the Indianapolis region, promote a diverse and resilient economy, and support job retention and creation.
About Indy Chamber:
The Indy Chamber is nonprofit organization committed to making the Indianapolis region the best place to live and do business. They serve as a voice of progress and improvement in the region, uniting business and community to maintain a strong economy and quality of life. Through their many branches including Entrepreneur Services, Economic Development, and Business Advocacy, they are better able to fulfill their goals of attracting businesses to Indy, supporting entrepreneurs and start-ups, advocating for fair business policies, and fueling their regional economy.