Practice Labs recognized by leading UK Government Digital Trade Network
Practice Labs has recently been recognized by the leading UK growth platform for tech scaleups, Tech Nation, alongside 21 other companies as part of the international programme.
The aim of this UK Government initiative is to export and accelerate the growth of Practice Labs and other leading UK best in class scale ups to the Asia Pacific market.
The programme includes a number of benefits with access to:
Industry-led, market specific sessions focused on key challenges when entering new markets, including hiring talent, attracting new customers, and operational set up;
A carefully selected in-market mentor with specific experience and knowledge that can help them navigate the local landscape in their tech sub-sector. Mentors have run their own scaleups or have extensive experience in helping companies expand internationally.
The latest second wave has a focus on the Asian Pacific market following recent free trade agreements between the UK, Singapore and Australia, alongside the new financial partnership between Singapore and the UK signed earlier in 2021. These agreements ensure synergies are found for innovation, tech and fintech between the UK, Singapore and Australia.
Furthermore, the region has demonstrated rapid financial growth raising $11.4bn in the first half of 2021 with a number of strong tech led industries and companies.
Practice Labs co-founder Ricky Doyle said:
"This recognition by the Digital Trade Network will allow Practice Labs to gain access to new customers and potential new talent within the Asia Pacific region.
In addition, it will also allow Practice Labs to gain the necessary in market experience and knowledge to ensure success”.
UK Minister for Exports, Mike Freer, said:
“The expansion of the International Growth Programme will ensure there are more opportunities for the UK’s cutting-edge digital and tech sectors to thrive in the Asia Pacific region, boosting productivity, jobs, and growth both overseas and in the UK.
“We’re putting innovation and technology at the heart of our trade agenda, with negotiations for a Digital Economy Agreement with Singapore and the UK’s accession to CPTPP going further than ever before in data and digital trade provisions.”
About Practice Labs
Practice Labs improves the odds of success with an experiential learning platform where learners gain hands-on IT skills within a safe, live environment and can prove their proficiency to assessors and employers.
Learners access the live Practice Labs Environment via web browser or LMS integration and use actual hardware and software, providing them with a way to gain virtual work experience and increase their employability.
The Practice Labs solution consists of live, not simulated, IT Practice Labs aligned with certifications from leading vendors such as CompTIA, Microsoft, Cisco and VMware. Practice Labs Systems Limited build and deliver skill-based labs too, working with subject matter experts in key topics such as; cybersecurity, cloud-based technologies, operating systems, system administration, IT infrastructure and digital literacy.
About Tech Nation
Tech Nation is the leading growth platform for UK tech scaleups. Tech Nation fuels the growth of game-changing founders, leaders, and scaling companies so they can positively transform societies and economies, providing them with the coaching, content, and community they need for their journey in designing the future. Tech Nation has years of experience facilitating and helping UK tech companies scale, both at home and abroad. Over 30 cohorts and 900 companies have successfully graduated from Tech Nation’s growth programmes. Alumni include Skyscanner, Darktrace, and Monzo, as well as 3 of the UK’s 7 new ‘decacorns’; Revolut, Wise, and Farfetch.
Tech Nation’s support for UK tech in Asia Pacific is part of the UK Government’s Digital Trade Network. This programme follows Tech Nation’s first cohort in March 2021.