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DED Home  >  Business and Community Services Home  >  Business Solutions  >  Innovation and Business Development  >  Market Expansion

Market Expansion

The Market Expansion step is that period when a company assesses current markets, identifies untapped markets, and seeks opportunities for revenue growth through new market opportunities. The market expansion step will result in estimates for delivering new capabilities to current markets, and potential new markets for existing products. These estimates include alternative industries and geographic areas.

Market Expanison also identifies alternative technology, additional uses for products, determines any changing market conditions, and measures relative costs for diversifying into targeted markets

To visit the organization's site, click on the organization's name in the first column.

OrganizationDescriptionValue to Businesses
Missouri Technology CenterA state chartered, not-for-profit corporation who's statutory mission is to be a statewide advocate for increasing economic growth and jobs by improving technology connections between universities and businesses.Increases public and private research and development investment, and improves methods for transferring and commercializing new discoveries.
Missouri Manufacturing Extension PartnershipThe Missouri Manufacturing Extension Partnership is the only economic development program in the state of Missouri that provides business and technical assistance to the state's small and medium size manufacturers.Enables small and medium size manufacturing companies to become and remain competitive in order to retain existing jobs and create new ones.
Small Business AdministrationFederal Government agency that administers loan guarantee and related small business development programs.They are committed to helping entrepreneurs become successful through programs ranging from counseling to financing.
Research Alliance of MissouriHelps strengthen the relationship between Missouri's businesses and higher education.Links education and business together to better coordinate research efforts, pool resources, boost commercialization opportunities and provide greater access to technology.

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