I’ll bet you’ve never heard of the DHL Advancing Micro-Entrepreneurs Award Program. The program, a partnership between DHL and AEO (Association for Enterprise Opportunity) provides microgrants for low to moderate income entrepreneurs. Entrepreneurs who are awarded a grant receive $1,000 cash on top of discounted DHL shipping services.
The program was started in 2005 [...]
I’ll bet you’ve never heard of the DHL Advancing Micro-Entrepreneurs Award Program. The program, a partnership between DHL and AEO (Association for Enterprise Opportunity) provides microgrants for low to moderate income entrepreneurs. Entrepreneurs who are awarded a grant receive $1,000 cash on top of discounted DHL shipping services.
The program was started in 2005 by selecting three grantee organizations to select 30 entrepreneurs to be awarded with grants. The program was a huge success, and in 2006, the numbers were doubled. Six grantee organizations in different target communities were chosen to select 60 entrepreneurs to receive microgrants from DHL.
One of the microgrant winners was Derrick Miller of Chameleon Candle, a $29,000/year candle business based out of Miami, FL. The grant raised his profits by 400% because it allowed him to buy and ship in bulk (most of the products come out of Malaysia). This raised his per-candle profit from $1, to $4.
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Manufacturer and reseller of aftermarket car parts
IT solutions based out of Maryland. From homeusers to mid-sized businesses.
My name is David Pitlyuk and I’m an entrepreneur. I’m always on the lookout for the next big opportunity. This blog hits topics of interest for entrepreneurs, as well as my miscellaneous ramblings.
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Eric
05/31/2007 12:18 pmSounds like a cool program. How do you apply?
David Pitlyuk
05/31/2007 12:36 pmEric: Welcome to the blog! I was actually looking for information on that, but the best I could find was info on their 2006 program. I would assume that they would offer a program for 2007, but I’d recommend getting in touch with AEO to find out any info:
703.841.7760
aeo@assoceo.org
1601 North Kent Street, Suite 1101, Arlington, VA 22209