FedEx announced the launch of its eighth Small Business Grant Contest on Tuesday. The 2020 FedEx Grant Contest will allocate its grand prize pool of $252,500 to 12 eligible business owners.

“FedEx is invested in helping small businesses grow and prosper and our mission is to help these entrepreneurs shine,” said Scott Harkins, senior vice president of Customer Experience Marketing at FedEx in a  press release.

The prize packages are as follows:

    • One Grand Prize: $50,000, plus $7,500 in FedEx Office print and business services
    • One Silver Prize: $30,000, plus $5,000 in FedEx Office services
    • Ten Bronze Prizes: $15,000, plus $1,000 in FedEx Office services

To enter contestants must submit a short bio, logo, photos that capture the essence of their company, a 1-minute video, and encourage fans to vote for their small business.

The deadline to apply is March 2.

Click here to view the official contest rules.