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Many Singapore-based companies operating in Southeast or South Asia face significant challenges when entering the North American market.
According to recent statistics, only a small percentage of companies successfully establish a presence in the U.S. and Canada due to the complexities of regulations, cultural differences, and logistical challenges. Furthermore, expanding into the U.S. and Canadian markets typically costs $320,000 to $1,250,000 and takes 1.5 to 3 years.
Quantum Venture Studio supports Singapore companies in smoothly expanding into the U.S.A. and Canada by simplifying regulations, bridging cultural gaps, and streamlining processes.
5 Reasons Why 60% of Singapore Companies Struggle to Enter the U.S.A. and Canadian Markets
1. Lack of Market Knowledge
Understanding the intricacies of the U.S.A. and Canadian markets can be daunting. The business culture, consumer behavior, and regulatory environment vastly differ from Singapore’s. This gap in market knowledge can hinder a company’s ability to make informed decisions and adapt to local preferences.
2. Regulatory Hurdles
Navigating the complex regulatory landscape in the U.S.A. and Canada can be overwhelming. From federal to state regulations, numerous compliance requirements must be met. These regulatory hurdles can slow market entry, increase operational costs, and create corporate liabilities.
3. Cultural Differences
Cultural nuances play a significant role in business success. Misunderstanding these differences can lead to failed negotiations and business relationships. Understanding and respecting local customs, communication styles, and business etiquette is essential to building strong, lasting partnerships in the U.S.A. and Canada.
4. Logistical Challenges
Managing logistics across such a vast geographic area is challenging. Numerous logistical hurdles exist, from shipping and distribution to setting up local operations. Efficient logistics are critical for ensuring timely delivery of products and services while maintaining customer satisfaction.
5. Access to Networks
Building a robust business network in a new market is crucial. Finding partners, customers, and investors is challenging without the right connections. A strong network can provide valuable.
Meet Your Market Expansion Dream Team
Kevin Sterling
Serial Entrepreneur | Seasoned Marketing Executive | Angel Investor
I'm Kevin Sterling, with a career centered on entrepreneurship and marketing across diverse industries. As President of Keiretsu Forum Toronto, I support early-stage companies in achieving global growth, contributing to over 300 successful startup investments. Known for my strategic insights, I regularly coach individuals on business pitching and speak at events about enhancing company value and attracting angel investments.
I've built and sold several companies through IPOs and strategic acquisitions and actively review more than 300 opportunities each year. I also help international entrepreneurs entering Canada through the Startup Visa program. My direct and fund-driven investments have globally supported over 300 early-stage companies. Additionally, I frequently serve as a keynote speaker and panelist at significant events like the Toronto Board of Trade and the National Angel Capital Organization (NACO).
I've built and sold several companies through IPOs and strategic acquisitions and actively review more than 300 opportunities each year. I also help international entrepreneurs entering Canada through the Startup Visa program. My direct and fund-driven investments have globally supported over 300 early-stage companies. Additionally, I frequently serve as a keynote speaker and panelist at significant events like the Toronto Board of Trade and the National Angel Capital Organization (NACO).
Mira Sirotic, CMA
VP International, Investor, Investor Relations, Speaker, Advisor, Global Business Leader who creates Win-Win-Win results
I’m Mira Sirotic, and my mission is to help people & organizations maximize and realize their potential. In my current role as VP International at Keiretsu Forum Canada, I focus on connecting entrepreneurs from around the world with the resources, services and opportunities that will support their success in North America and beyond. I also serve on the Pitch Coaching team to bring my own expertise & insight – and the benefit of seeing over a thousand pitches - to help entrepreneurs create more effective & compelling investor presentations.
As an angel investor who brings over 25 years of experience working for both start-ups and some of Canada’s highest ranked organizations in a broad range of industry segments, I have held roles that cover investor relations, advising entrepreneurs, business development, marketing & communications, brokering global trade/commerce, professional learning & development, event planning, strategic planning & analysis, internal audit, capital budgeting, process improvement, systems implementation, and business reorganizations.
As an angel investor who brings over 25 years of experience working for both start-ups and some of Canada’s highest ranked organizations in a broad range of industry segments, I have held roles that cover investor relations, advising entrepreneurs, business development, marketing & communications, brokering global trade/commerce, professional learning & development, event planning, strategic planning & analysis, internal audit, capital budgeting, process improvement, systems implementation, and business reorganizations.
Ash Singh
Professor of Entrepreneurship
I’m Ash Singh of Main St AI, dedicated to elevating investment strategies for family offices and private equity firms through AI. With a track record of launching over 100 AI companies and raising $1 billion, I bring extensive experience in simplifying complex technologies.
At Quantum Venture Studios and Quantum Equity Partners, I’ve connected AI startups with family offices, integrating cutting-edge technologies into private equity portfolios. My background in education and entrepreneurship ensures our AI solutions are not only cost-effective and scalable but also seamlessly integrated, driving measurable growth and operational enhancement for your portfolio.
At Quantum Venture Studios and Quantum Equity Partners, I’ve connected AI startups with family offices, integrating cutting-edge technologies into private equity portfolios. My background in education and entrepreneurship ensures our AI solutions are not only cost-effective and scalable but also seamlessly integrated, driving measurable growth and operational enhancement for your portfolio.
Partnership with the Singapore Government
We are proud to partner with the Singapore government via the Market Readiness Assistance (MRA) program to help companies find solutions abroad. This partnership ensures that companies receive the support and resources they need to succeed in the North American market.
The Market Readiness Assistance (MRA) grant helps companies expand into new markets overseas by defraying the costs of overseas market promotion, business development and set-up. They cover up to 50% of eligible costs for local SMEs, capped at $100,000 per company per new market.
The Market Readiness Assistance (MRA) grant helps companies expand into new markets overseas by defraying the costs of overseas market promotion, business development and set-up. They cover up to 50% of eligible costs for local SMEs, capped at $100,000 per company per new market.
Success Stories
“Quantum Venture Studio's vast network of investors and industry connections proved to be extremely valuable as we embarked on our expansion into the North American market. Their extensive connections not only facilitated essential funding that fueled our growth, but also offered strategic guidance that played a pivotal role in navigating the ever-changing market dynamics and capitalizing on opportunities. Thanks to their unwavering support, we were able to expedite our expansion efforts, establish a formidable presence, and accomplish significant milestones within a remarkably short period. Undoubtedly, their expertise and expansive network were critical elements contributing to our rapid success.”
Stephanie Wong
“The cultural training we got from Quantum Venture Studio has been incredibly helpful in how we do business in North America. Their guidance has really helped us understand the local customs and business practices, which has been super important in building trust and forming strong partnerships with our American counterparts. Thanks to their support, we've navigated what seemed like a challenging market at first, and now our business is doing really well. Their expertise has made a big impact on our success.”
Koh Liang Hui
“Ash Singh and his team played a pivotal role in helping us set sail in the vast U.S. market. Their deep knowledge of regulations allowed us to properly navigate through complex compliance requirements. With their invaluable support, we swiftly overcame initial hurdles, allowing us to focus on expanding our business without any hindrances. Thanks to the Quantum Venture Studio team, we experienced a seamless journey through the world of regulations.”
Chia Yan Ting
How It Works
Your Path to U.S.
and Canadian Market
Success
in Three Easy Steps
-
Step 1: Schedule a Consultation
Book an appointment with our experts to discuss your needs and goals. -
Step 2: Customized Strategy and Execution
We will develop a tailored plan to help you navigate the U.S. market. -
Step 3: Achieve Success
Implement the plan with our ongoing support and watch your business grow.