FOR IMMEDIATE RELEASE
East-West International Trade Analytics ltd
East-West International Trade Analytics Ltd Secures Innovate UK Funding for hanse.biz
hanse.biz Funded to Enhance Trade Analytics Software for SMEs
[London, UK]: East-West International Trade Analytics Ltd today announced funding of its Hanse (hanse.biz) application. Funding from The Sustainable Innovation Fund from Innovate UK, The UK’s Innovation Agency will fund a project to further develop hanse.biz to include monthly trade data and predictive analytics - set for release in June 2021.
The COVID-19-induced economic crisis has produced severe disruptions in international trade and will necessitate a recalibration of international supply chains. Brexit will further challenge existing international trade relations and require companies to identify new export and import opportunities. The project to develop hanse.biz will address some key challenges for SMEs in navigating international trade.
Innovate UK Executive Chair Dr Ian Campbell said:
“In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emergency but one that impacts society and the economy.
“hanse.biz, along with every initiative Innovate UK has supported through this fund, is an important step forward in driving sustainable economic development. Each one is also helping to realise the ambitions of hard-working people.”
“We are delighted and honoured of being awarded the funding. It will help us advance our goal of making hanse the premier analytics tool for SMEs to develop commercial strategies to compete successfully in international trade,” says Dr. Ousmene Mandeng, Founder at East-West International Trade Analytics Ltd.
This new round of funding will be used to increase the regularity of data and improve the user interface. Specifically, the areas that the company will focus on are:
- Monthly ComTrade data
- Predictive analytics
- Interactive visualizations
About hanse: Hanse software delivers international trade analytics for SMEs, used for analysing international trade flows. Hanse offers unique search capabilities at a highly detailed level to help identify critical trade relationships.
About Innovate UK, The UK's Innovation Agency: Innovate UK drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. We connect businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth.