APAC winners of FedEx small business grant contest announced
Twelve winners and runners up FedEx Small Business Grant Contest in Asia Pacific shared a prize pool of more than US$80,000, each receiving a grant to help develop their business internationally.
June 15, 2017
By Denice Cabel
FedEx Express announced the winners of its Small Business Grant Contest in Asia Pacific. Twelve winners and runners up shared a prize pool of more than US$80,000, each receiving a grant to help develop their business internationally.
Entries to the Small Business Grant Contest came from a diverse range of industry sectors. The winners all shared a common quality – a simple, compelling business idea with the potential to expand into other markets. The grand prize winners were:
· China: Leverage Limited, a technical service provider offering factory audit, product inspection, safety testing, CSR strategy building and report compilation.
· Hong Kong: Ana by Karma Limited, a social enterprise selling hand-made Bhutanese scarves.
· Singapore: Mighty Jaxx International Pte. Ltd, a design studio that specializes in developing art collectibles.
“Being an SME doesn’t necessarily mean thinking and acting local. FedEx-research shows that international exports can be a key driver of growth and profits for SMEs,” said Karen Reddington, president, FedEx Express Asia Pacific. “The company sees the huge possibilities in small businesses and through the Small Business Grant Contest, we aim to inspire SMEs to tap into global markets and realize their full potential in this increasingly connected world.”
The contest was open to all for-profit Chinese, Hong Kong and Singaporean SMEs that have been operating for six months or more. In March, eligible SMEs were first required to submit their business stories online. Selected finalists then progressed to the final judging stage in May.
Originally conceived in the US five years ago, the FedEx Small Business Grant Contest was first rolled out in the region last year and expanded to China this year. In addition to Asia Pacific, the contest also took place in six other markets globally.