FedEx Express, a subsidiary of FedEx Corp, is launching a FedEx Small Business Grant Contest in Asia Pacific to help small businesses go global.
First rolled out in the U.S. three years ago, the contest is now being held in three global markets for the first time, namely Hong Kong, Singapore and Brazil; with plans to roll out in more markets in the future.
According to a media statement, this contest is open to for-profit small businesses with 1 to 200 employees that have been operating for six months or more, and are not affiliates of overseas or franchised businesses.
Between October 1 and October 31, keen participants can register online at www.fedex.com/grantcontest/sg, where they will be asked to elaborate on their business dreams and plans to go global. In November, selected finalists are required to submit essays that will provide further details of their business plans. Contest winners will only be announced in early December.
In Singapore, a total of S$40,000 worth of grants will be awarded - S$25,000 for the Grand Prize, S$10,000 for first runner-up, and S$5,000 for second runner-up.
"At FedEx, we believe even ideas that start small can have huge potential, and the smart small businesses that we serve every day are a powerful illustration of that," said Raj Subramaniam, Executive Vice President, Global Strategy, Marketing and Communications, FedEx Services. "The contest, which provides tangible financial grants, demonstrates our commitment to helping small businesses unleash their potential and realise their dreams. We are excited to bring this successful initiative to the international regions and look forward to seeing more small players in the global market."
Sign up for CIO Asia eNewsletters.