5 July 2017 – Mobilicom Limited, developer of 4G Mobile MESH private networking technology, has won a lucrative grant to expand its business in China.
The grant was awarded through the Israeli Ministry of Economy & Industry’s Smart Money program and is valued at more than $450,000. This award will boost the Company’s business development activities in China over the next three years.
Mobilicom has already established relationships with several Chinese customers and is aiming to grow its presence and impact in China. The grant will boost marketing and sales efforts in the region, driving the growth of its market presence on and offline, building upon its strategic partnerships and expanding its team on the ground.
China is a key market for Mobilicom’s mobile communications unit (MCU) products in the government & enterprise market as well as the SkyHopper products in commercial and industrial drones and robotics.
The Smart Money program is highly competitive, attracting qualified companies with a certain level of export activity and significant potential in China or India. The program aims to contribute financially to the selected companies to foster their marketing capabilities in one of these markets.
Smart Money is an initiative of the Israeli Foreign Trade Administration in an effort to drive a significant increase in the sales of participating companies in the Chinese, Japanese and Indian markets and boost exports from Israel.