7. Labwise offers full-scale digital
TV device testing services to TV
broadcasters, network operators
and device manufacturers. With
the help of Finpro, Labwise has
been able to familiarize with the
Korean and Vietnamese markets
and to establish local contact
networks there.
Pasi Toiva, CEO, Labwise
We chose Finpro as our
cooperation partner, because they
have local operations in our target
countries.
The most concrete benefit for us
has been the help in building local
contact network in Vietnam and
Korea.
We are very pleased to see, how
things have progressed. We have
reached our targets and a little bit
more. In the beginning our target
was to analyze and understand
the target markets. Now, we have
found even some new customers.
8. Labwise offers full-scale digital TV device testing services to
TV broadcasters, network operators and device manufacturers. Labwise
is also acting as an expert interface between device manufacturers and
network operators, providing support in issues like localization and inter-
operability. Labwise was established in 2004 and the company is located
in Tampere, Finland. Their main clients are Asian device manufacturers
with Nordic countries as their target market.
Labwise is a very international company, a real born global, with 90-95%
of their turnover coming from international markets. In order for Labwise to
be able to increase its turnover and market share and to fight off
competition, it needs to upgrade its service offering. Labwise needed help
in understanding how relevant their new planned offering was to the
prospective growth markets before making any significant investment in
its production. Labwise also needed Finpro’s help in gaining a better
understanding of the business opportunities especially in Asia. They
wanted to find new markets and customers and to develop new business
models.
9. Labwise participated in Leaping Tiger program, which aims to familiarize
SME’s with the business opportunities and market characteristics in Asia.
The program started with a short operator study in Vietnam. Soon after
the beginning of Leaping Tiger, Labwise started to develop their
internationalizing plan with Finpro. The internationalization plan included
kick-off workshop, development of value proposition and Test Drive
assignments in Korea and Vietnam. The overall objective was to maximize
the future commercial potential of Labwise’s new service by obtaining
appropriate market feedback before making any significant investment in
its production. The internationalization plan was followed by a fact finding
trip to Vietnam, wherein Labwise met potential customers.
With the help of Finpro, Labwise was able to target its offering to better
match the need of prospective clients in new markets. In addition,
Labwise has been able to familiarize with the Vietnamese and Korean
markets and to establish good local contact networks. The company has
also found some potential customers from the markets. The cooperation
between Labwise and Finpro continues, as Labwise plans to start
operations in Vietnam and Korea.
10. Pietro Karjalainen
Regional Sales Manager
pietro.karjalainen@finpro.fi
Jari Stenvall
Senior Consultant
jari.stenvall@finpro.fi
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