Scaling Homegrown Innovations Beyond Borders
International expansion remains comparatively elusive to many of the respondents to this survey, with only 22% having accessed markets outside of their home countries. Of this number, 74% say they are currently exploring the possibility of entering other markets. The hurdles to cross-border growth are, however, significant according to our panel of experts. These include tariffs, weak travel connections, language barriers and bureaucratic hurdles when opening business bank accounts in foreign countries.
Fig. Currently operating internationally
Fig. Exploring international expansion
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