Companies that didn’t take the $35,000 awarded to finalists in the recent Metro Export Challenge already have another shot at winning support to bolster their global sales efforts.
In fact, those that practiced their in-person pitches could be at an advantage in this new event, as scores in the United Parcel Service Inc.,-backed event will depend heavily on a “Pitch-Off” among 10 finalists to be held Nov. 10 at the company’s headquarters.
The UPS X-Port Challenge is mainly focused on small and medium-sized companies, which are often hesitant to go through the hassle of selling overseas. Given that 95 percent of the world’s customers are outside the U.S., UPS wants to make sure they don’t miss out on a huge opportunity.
The competition reflects UPS’s eagerness to partner with small companies to reduce complexity, company representatives have told Global Atlanta. At stake is $10,000 in UPS international shipping credit for the winner, followed by $2,500 for second place and $1,000 for third.
It’s not a strict requirement to have a physical product — service exports are starting to gain a lot more recognition these days — but winners need to be shipping something to make use of their award credit.
For purposes of the competition, Georgia is situated in the South Atlantic District along with North and South Carolina.
Applicants will have to hurry and submit by Oct. 4.
Learn more and apply here.