Primacy was accepted into the IoT Tribe London Landing Pad.

The 12 week program is in partnership with Enterprise Singapore and the Singapore Economic Development Board (EDB) under the Global Innovation Alliance. IoT Tribe runs a heavily-subsidised London Tech Calling program to assist scaleups and small-medium enterprises (SMEs) in Singapore that are planning to expand into the UK and European markets.

The UK is now the fifth largest economy in the world, has one of the lowest corporate taxes in the G20 and a highly skilled and educated workforce, and is also the hotspot for tech investment. Last year, the UK attracted $15B worth of venture investment in 2020, the third largest only after the US and China. This was $200M more than the previous year despite the pandemic and Brexit, and more than VC investment in Germany and France combined.

Through the program Primacy will receive support in defining our priorities for the UK market, analysing and accessing suitable development opportunities, and guidance on market entry. IoT Tribe’s headquarters in London, UK will serve as a primary base for our market access into the region.