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SMEs invited to participate in FedEx Small Business Grant Contest; Winner to get Rs 15 lakh grant

Updated: May 21, 2018 09:38:40am
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SMEs invited to participate in FedEx Small Business Grant Contest; Winner to get Rs 15 lakh grant

New Delhi, May 21 (KNN) FedEx, the American multinational courier delivery services company, is organizing the FedEx Small Business Grant Contest to award small business in India with a grant of Rs 15, 00,000.

The FedEx Small Business Grant Contest recognizes and rewards incredible small businesses from across the country.

FedEx has called for entries from SMEs to take part in the contest. The entries, open now, can be sent till June 5, 2018.

Any for-profit small business in good standing that has been a registered business and in continuous operation for no less than a year (1) and not more than fifteen (15) years at the start of the contest is eligible to enter the contest.  Even the online-only businesses are eligible for the contest.

To enter the FedEx Small Business Grant Contest India, one may go to fedex.com/grantcontest/in to create contest profile by submitting the required entry information.

The contest profile will require to upload images that best represent the business, (logo, product, etc.,). Additionally, one will have to answer a few brief questions that helps FedEx and voters get to know the SME, its business and why that SME should receive a grant.

One may also upload an optional 90-second video about the business.

The Top 10 finalists will be selected by an independent process advisor. They will select from pool entrants on the basis of: Clear, compelling and engaging business stories and inspirational voice; How Entrant proposes to use the Grant money; Entrant's inspiration to grow the business; How well the Entrants' brand aligns with the FedEx brand; Financial performance of business; and Number of votes garnered.

Also, extra credit will be given to those Entrants who exhibit Unique or innovative product or service offering; Sustainability/environmentally friendly business/ practices; and Awards and Certifications.

The Top 10 finalists will be invited to present to an independent jury. The finalists will be given 10 minutes to present their case followed by a 10 minute question answer session. The jury will evaluate and discuss based on pre-determined parameters to arrive at the winner. The Winner will be announced by August 23, 2018.

The Top 10 Finalists will be announced on July 18, 2018. The winner will be announced by August 23, 2018.  Cheque in the name of the business will be handed over to the winner after the final judging round. (KNN Bureau)

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