Mighty Jaxx wins FedEx small business grant contest
Khoo Seng Thiam, managing director, FedEx Express Singapore congratulates Jackson Aw, Founder, Mighty Jaxx International Ptd Ltd who placed first in the 2017 Small Business Grant Contest in Singapore.
FedEx Express recently announced the winners of the 2017 FedEx Small Business Grant Contest in Singapore. The winner of the contest was Mighty Jaxx International Pte Ltd, a design studio that specialises in developing art collectibles. The company was awarded a grant of S$25,000.
Born out of pure love for designer toys, founder Jackson Aw has always been curious about the manufacturing process behind the toys he collects. Since their launch in 2012, the company has over produced 200 designs and delivered thousands of products to collectors in over 50 countries. Their limited-edition collectibles are designed in collaboration with world renowned artists and international brands such as DC Comics, Cartoon Network and New Balance. Mighty Jaxx International plans to use its grant to build new universes with original characters and to expand overseas to large-scale international events such as Comic-Con International.
The First runner-up is E-TracX, a DJ academy. Its goal is to change people’s lives for the better through music. The company was awarded a grant of S$10,000. The second runner-up prize, worth S$5,000, was awarded to Xtreme DSP Global Pte Ltd, a company that sells lightweight, user-centric wireless communication headsets. The winning businesses were selected by a panel of industry leaders.
“Small businesses make up the backbone Singapore’s economy and continue to play a vital role in an increasingly globalised marketplace. With the rise of e-commerce, it is a testament to the resilience of local SMEs that they continue to stay ahead, despite facing stiff competition within and outside the region,” said Khoo Seng-Thiam, managing director, FedEx Express Singapore. “In its second year, we hope that the FedEx Small Business Grant Contest can continue to encourage innovation and inspire small businesses in Singapore to dream big.”
The contest was open to all for-profit small businesses that met the entry criteria, such as the number of employees in the organization and the length of time the companies had been established. Eligible SMEs were required to register online and outline their business plans to “go global”.
Originally conceived in the US five years ago, the FedEx Small Business Grant contest has since expanded to include Brazil, France, Germany, Hong Kong, Singapore and the UK. This year, the contest made its debut in India, Italy, and China.