FedEx awards four startups as part of its small business grant contest

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Global Industry News

FedEx awards four startups as part of its small business grant contest

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John A. Smith FedEx Express Leadership President and Chief Executive Officer U.S. & Canada Ground Operations | FedEx

By Sky Industry News

May 20, 2025

Federal Express Corporation, a leading express transportation company, has announced the winner of its annual Small Business Grant Contest (SBGC) in the Asia Pacific region. Four companies, including Aliena from Singapore, Digantara from India, McEasy from Indonesia, and NEU Battery Materials also from Singapore, have been recognized for their innovative contributions across various industries. These startups will share a total prize pool of $69,000 to help accelerate their business growth.

The contest marks its fourth year of collaboration between FedEx and Forbes Asia to spotlight emerging startups from the Forbes Asia 100 to Watch list. Judges from both organizations selected finalists based on their innovative approaches in manufacturing, energy, construction and logistics, and space technology.

Digantara emerged as the grand prize winner with a $30,000 award. Founded by CEO Anirudh Sharma in 2018, this Indian startup aims to create a 'Google Maps' for space by providing space surveillance and intelligence capabilities to manage satellite traffic securely.

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Three other companies received Special Mentions along with $13,000 each:

- Aliena: Co-founded by CEO Mark Lim in 2018 in Singapore, Aliena specializes in electric-propulsion engines for satellites. Their flagship product is the MUSIC thruster that enhances satellite operations at very low Earth orbits.

- McEasy: Established in 2017 by CEO Raymond Sutjiono in Indonesia, McEasy provides transportation companies with fleet monitoring solutions using software and IoT technologies like AI cameras and GPS sensors.

- NEU Battery Materials: Led by CEO Bryan Oh since its founding in 2021 in Singapore, this company focuses on lithium recovery from waste LFP batteries through an electrochemical redox targeting system aimed at reducing environmental impact.

Kawal Preet, president of Asia Pacific at FedEx stated: “This year’s winners demonstrate how technology-driven entrepreneurship is delivering real-world solutions — from battery recycling and carbon tracking to satellite propulsion and space safety.” She emphasized that these innovations are addressing current challenges while shaping a more connected future.

FedEx first launched the SBGC in the U.S. back in 2012. It now spans 31 international markets across regions including Asia Pacific.

Organizations Included in this History

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FedEx awards four startups as part of its small business grant contest

GLOBAL INDUSTRY NEWS

Airlines begin canceling flights, offering rebooking ahead of Hurricane Helene

Southwest Airlines to cut service and staffing in Atlanta to slash costs

New heights, new features: Discover Alaska’s enhanced Flight Pass subscription service

Explore Japan for free? Japan Airlines offers free domestic flights to foreign travelers

Delta named Official Airline Partner of Birmingham City Football Club

American Airlines to Cut These Routes to Las Vegas, Orlando, and More — Here's Why

Alaska Airlines completes acquisition of Hawaiian Airlines, expanding benefits and choice for travelers

Southwest wouldn't really start charging for bags — right?

JD Power ranked this Midwest airport as the best among largest airports in North America

Alaska Airlines Chief Plans More Routes After a Deal With Hawaiian

Air Canada could begin suspending flights soon as strike deadline nears

JetBlue's new ticket policy entitles every passenger to a carry-on bag

Why United Airlines’ CEO makes as few decisions as possible

American invests in the future of aviation maintenance with new jobs, additional work

DOT probe seeks to determine if frequent flyer programs are fair to travelers

American Airlines flight diverted after passenger starts vaping

Russian Airline Wants $100 Million From Canada for Seizing Its Giant Cargo Plane

Here's where American Airlines is adding flights to Europe in summer 2025

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Regulator cuts Malaysia Airlines' air operator certificate duration after probe

United Airlines flight attendants are prepared to strike. Here's why it's still unlikely.

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Organizations Included in this History

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