Page 2531 - Week 07 - Thursday, 3 August 2017
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o Success of one of Canberra’s online transaction business – in April 2016 Canberra online transaction business eWAY (also a participant in the October 2015 US trade mission, during which eWAY progressed its international merger negotiations) announced it had been acquired by American payment technology services giant Global Payments for $US50 million;
o Shaw Vineyard Estate, one of Canberra region’s top wine exporters and a regular trade mission participant, has opened wine retail outlets in China. The Cellar Door and Wine Shop exclusively feature only wines by Shaw Vineyard;
o Intelledox’s recent success in securing $4 million investment from Ellerston Capital;
o Canberra start-up Mineral Carbonation International (MCi) signed a $100 million Memorandum of Understanding (MOU) with Singapore company - ArmorShield Holdings, which has extensive networks and experience doing business in China.
o Significant investment in mixed used development sites in Canberra from Shenzhen business as a result of continued engagement with Shenzhen, post the signing of the MOU with the city of Shenzhen;
o In addition to above, numerous other ACT businesses that have participated in ACT Trade Missions and/or received Trade Connect funding support have generated successful business connections, links and business deals with international partners. These include: On the Go Sports, Inland Trading Co, Quintessence Labs, WildBear Entertainment, Bottles of Australia, Cogito Group and Seeing Machines.
(b) 2016-17:
(i) Total expenditure on trade missions for the year - $391,999.
(ii) Destination and cost of each trade mission:
• Wellington – (July 2016) - $26,404;
• Canberra Week in Wellington – (November 2016) - $265,940;
• Wellington – (March 2017) - $30,225; and
• Singapore – (April 2017) - $69,430.
(iii) ACT Government Officials supporting the mission:
• Wellington – (July 2017): 6 ACT Government officials travelled in support of the mission including the Chief Minister and 2 staff from his office.
• Canberra Week in Wellington – (November 2016): 10 ACT Government officials travelled in support of the mission including the Chief Minister and 2 staff from his office.
• Wellington – (March 2017): 6 ACT Government officials travelled in support of the mission. There was no representation from the Chief Minister’s office to this mission.
• Singapore – (April 2017): 7 ACT Government officials travelled in support of the mission including the Chief Minister and 2 staff from his office.
(iv) Other participants on each trade mission:
• Wellington – (July 2016): 7 ACT businesses including Canberra Business Chamber and CBR Innovation Network participated in the mission.
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