Transportation Grants For Small Businesses

Transportation Grants For Small Businesses – Small and medium-sized enterprises (SMEs) form the backbone of many economies in Asia, providing vital jobs and contributing significantly to the region’s GDP. As sustainability becomes a global priority, we believe that SMEs collectively have the power to move the needle by creating positive impact as they transform their businesses to adopt more sustainable and inclusive models.

The Foundation recognizes this opportunity and has launched a new category within our flagship skills grants program enabling SMEs to become businesses that create social and environmental impact.

Transportation Grants For Small Businesses

We provide grants of up to SGD 100,000 to enable SMEs to implement solutions that are more sustainable, with the ability to monitor and measure their results. Sustainability areas include:

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Applications received before Wednesday 15 June 2022, 23:59 (Singapore time, GMT+8) will be evaluated in 2022. Applications received after this will not be considered for this year’s evaluation period.

I prepared my answers on the template form I downloaded from the link. Can I send an email to submit my application?

No. All applications must be submitted via the online form. Submissions by other means will not be accepted.

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Successful submissions will receive an automatically generated acknowledgment of receipt of your online application via email.

If your submission is before the deadline of Wednesday 15 June 2022, 2359 hours (Singapore time, GMT+8), you can submit a new application form. We will take the final presentation copy for review.

My SME works on many different projects that require a grant. Can I submit a different application for each project proposal?

No. We will only accept one application per SME. The same SME submitting multiple applications for different funding purposes in the same application period will be disqualified.

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We are looking for SMEs that are traditional, commercially driven businesses that are starting to think about integrating sustainability into their operations.

SMEs must be registered as a legal business entity in Singapore, Indonesia, India, Hong Kong and Taiwan. No minimum local participation required.

No. The SE and PMI grant programs serve different business profiles and support different goals. SEs are usually at an early stage of their business and already have core social and environmental missions, while SMEs are at a more stable and mature revenue stage and are just starting to think about integrating sustainability into their operations. Regardless of how the COVID-19 pandemic plays out in the coming weeks and months, it’s already brutal for small businesses, with some forced to close for public safety reasons and others taking a big hit to revenue and access to credit .

So Facebook announced today that it’s creating a $100 million grant program for small businesses. Applications are not yet open, but the company says this will include advertising credits and cash grants that can be spent on operating expenses such as paying employees and paying rent. It will be available to up to 30,000 businesses in the more than 30 countries where Facebook operates.

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Facebook has also created a Business Hub with tips and resources for businesses trying to survive during the fire.

“We want to do more,” COO Sheryl Sandberg said in a Facebook post. “Teams across our company are working every day to help businesses. We’re looking at additional ways to host virtual training — and we’ll have more to share in the coming weeks — and finding more ways to help people connect and learn to use technology through Blueprint, the free e-learning curriculum.

In addition, the company announced today that it is partnering with the Lenfest Institute for Journalism and the Local Media Association to provide a total of $1 million in grants to US and Canadian newsrooms that need more resources to properly cover the pandemic. These individual grants will be for a maximum amount of $5,000. Supply chain disruptions – caused by factors such as increased demand, high transport costs and pandemic-related lockdowns – are expected to continue into next year, experts predict. Businesses are experiencing the worst impact, with 36% of small businesses responding to a 2021 US Census survey saying they experienced delays with domestic suppliers. This was costly. According to a 2020 Statista survey, 41% of executives in the automotive and transportation industry alone said their company lost $50 to $100 million due to supply chain issues, a number that has likely increased since then.

There’s no easy fix, but an emerging group of startups is touting the software as a way to potentially predict — and counter — market crises. One, Tive, provides supply chain visibility information that ostensibly helps companies manage the location and status of shipments in transit. Tive today announced that it has raised $54 million in a Series B funding round led by AXA Venture Partners with participation from Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures and Floating Point Ventures, which CEO Krenar Komoni attributes to company development. past. year.

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“[Our annual recurring revenue is] $29 million and is projected to reach $50 million before the end of the year,” Komoni said via email, adding that the latest investment values ​​Tive at $300 million (after money) . He says the startup acquired more than 200 new customers in 2021, accelerating Tive’s plans to expand its workforce from 120 to 300 by the end of 2022.

“The pandemic has brought the topic of supply chains to the fore not only in logistics departments, but also in corporate boardrooms and coffee tables around the world,” Komoni added. “For companies to better prepare for supply chain challenges and [remain] competitive while ensuring product availability on shelves, visibility of their inventory in transit is critical.”

Komoni argues that visibility is an intractable problem for many companies that depend on the global supply chain. (“Supply chain” can mean many things, but here, it refers to the network between companies and their suppliers to manufacture, assemble, and ship physical products to buyers.) Companies use visibility data, among other things, to prevent the accumulation of stocks. in places that do not need an inventory. But according to Komoni, most of the tracking is done manually through lax email systems, spreadsheets and phone calls.

A Statista survey conducted before the pandemic found that supply chain leaders believe visibility is the biggest challenge they face. Driving the point home, a 2017 survey by GEODIS, the transportation and logistics company, found that only 6% of companies feel they have full visibility into their supply chains.

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This has led companies to increase spending on supply chain software in recent months. “[There’s] a lot of overtime and underutilization of the workforce that requires operational leverage, especially in this industry,” Komoni said.

Tive — which commercial chip designer Komoni co-founded in 2015 — offers software, sensors and cloud-based services to track shipments as they move through the supply chain. The company’s hardware can record location as well as metrics such as temperature, humidity, vibration and light exposure, while its software allows shippers to create profiles, set custom alerts and use an API to cross-reference data with existing registration systems .

“For the data decision maker, [our technology] means they finally have … data about where the company’s shipments are at all times, and for the technical decision maker, it means they can easily access that data through our platform. or API , or we can push into different business intelligence tools that they might use every day,” Komoni continued. “[We’re] working to create seamless experiences with our … software offerings , especially around collaboration between all stakeholders in the supply chain.”

Currently, Tive’s customer base spans 350 companies in industries including consumer packaged goods, logistics, manufacturing and retail, Komoni says. Tive claims that one of the world’s largest logistics companies uses the platform to track pharmaceutical shipments around the world.

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But while investors are behind Tive, at least judging by the strength of its Series B, there’s no shortage of competition. Last year saw $11.3 billion in venture funding for supply chain startups, including Sensitech, Emerson and Project44, which in June raised $202 million as part of an investment led by Goldman Sachs.

Going forward, Tive will have to prove that its solution sets it apart from the rest of the pack. Komoni says the company is taking steps to do so, for example introducing a 5G-connected tracker designed for pharmaceutical shipments and pursuing “technology-related” mergers and acquisitions.

“[The latest investment] will be used primarily for land acquisition and expansion opportunities,” Komoni said. “[He] will fuel Tive’s rapidly growing international presence by expanding global sales and marketing initiatives. In addition, he will accelerate the development and introduction of next-generation solutions, services and supply chain intelligence and 24/7 monitoring of market”.

Existing investors RRE Ventures, Two Sigma Ventures, NextView Ventures, Hyperplane Ventures, Broom Ventures and Supply Chain Ventures also invested in Boston, Mass.-based Tive’s Series B. The company has raised $79 million to date. SPRINGFIELD – For Jessika Rozki, owner of Rozki Rides in Springfield, N.Y

Transportation & Logistics

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