Internationalization of the patent of a new revolutionary analgesic of marine origin


PORTUGAL2020 – ALG-02-0752-FEDER-071119

Project acronym: Sea4Painternacional

Main goal: Internacionalization of the patent of a new revolutionary analgesic of marine origin.

Project ID | ALG-02-0752-FEDER-071119

Designation | INDIVIDUAL PROJECTS – Internationalization of SMEs – Exports Accelerator

Operational Program | Regional Operational Program of the Algarve

Thematic Objective | OT 3 – Reinforcing the competitiveness of SMEs

Investment Priority | PI 3.2 – The development and application of new business models for SMEs, especially regarding internationalization

Types of Intervention | TI 52 – Internationalization of SMEs

Priority | Exports Accelerator

Call | N º 01/SI/2020

Starting date | 13/02/2021

Ending date | 30/06/2023

Project Value | 219.184,00€

Approved funding | 98.632,80€

Goals, Activities, and Results

SEA4US – BIOTECNOLOGIA E RECURSOS MARINHOS, LDA intends, with this internationalization project, to enter eight new international markets, such as the USA, Japan, United Kingdom, Spain, Germany, France, Switzerland and Italy, being the first company’s markets.

In order to achieve such objectives, as well as to put into practice the strategy aimed at the level of internationalization, the company will develop actions of the following types:

Knowledge of foreign markets: Participation in events of scientific and commercial natures in order to raise awareness of the company’s research and, thus, attract customers;

Prospecting and presence in international markets: Follow-up trips to potential commercial contacts with the aim of making known the research carried out and deepening commercial interest;

Presence on the web, through digital economy: Development of digital marketing campaigns and of an advertising video;

With this internationalization project, the company intends to start its commercial activity in international markets.