FedEx Express has expanded its Asia FedEx Small Business Grants Contest to help more small- and medium-size enterprises (SMEs) connect with a world of opportunities.
Following the program’s regional debut in Hong Kong and Singapore last year, this year, SMEs from China will have the opportunity to share some US$120,000 of grants.
The contest is designed to provide SMEs with the inspiration and financial resources to take their business global, helping them to grow their footprint and sharpen their competitive edge.
Originally conceived in the US five years ago, the FedEx Small Business Grant contest went global for the first time last year, with contests in Brazil, France, Germany, Hong Kong, Singapore and the UK in addition to the US. This year, as well as China, the contest makes its debut in India and Italy as well.
“At FedEx, we believe the spirit of entrepreneurialism is what drives SMEs to take their business to the next level,” said Karen Reddington, president, FedEx Express Asia Pacific.
“In this digital economy, the huge array of digital tools and channels available today makes it easier for SMEs to extend their reach internationally, to find new customers and grow their businesses. I encourage all SMEs that have the passion and ideas to take their business global to take part. I’m delighted that we’ve expanded the contest into three new international markets this year, including the keystone economy of China. This underlines our commitment to helping SMEs around the world achieve their vision.”
Among the 2016 winners was Singapore-based company RedWhite Apparel, whose founder, a keen cyclist, set out to produce high-performance but affordable long-distance cycling bib shorts. As well as Singapore, the company already had a presence in Malaysia, Thailand, Indonesia and Taiwan. Winning the contest enabled it to explore opportunities to expand further afield to Australia, Europe and the US.
The contest is open to all Chinese, Hong Kong and Singaporean SMEs that have been operating for six months or more. Entrants have until April 27 to submit their business stories online at the contest website. In May, shortlisted entrants will be named and invited to present a live presentation of their business ideas at a pitching event. The winners will be announced in May.