Update on the $2,500 Small Business Grant

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In the past couple of weeks, we have received a few enquiries concerning the $2,500 Grants Awards so here are some details on when and how winners will be selected and announced.

The selection will be in three stages of elimination:

Only those who answered all the quiz questions correctly will cross the first stage and move to the second stage.

In the second stage, the business ideas will be evaluated and the ones that make no sense will be eliminated while the ones that make sense and impact the society will move to the third stage.

Note that the requirement for commenting, sharing and referring a new user has been removed, so as long as you answer all the quiz questions correctly and your business idea makes sense and is impactful, you will qualify for the third stage.

In the third stage, three draws will first be held over the course of November to December 31st 2022. Each draw will produce one winner. The first three winners will receive the $2,500 prize each.

Five other draws will be held after the first three and those selected for those draws will receive $500 each.

(There were supposed to be four prizes of $2,500 but the fourth one was split into five places so that more people can benefit.).

So there will be 8 draws in total and these draws shall not all be held at once but spread between November 1st to December 31st. So if you are not picked in one draw you still have the chance to be picked in 7 other subsequent draws.

Those who are picked will be contacted directly and sent their prize. When all the draws have been completed, the list of winners will be posted. Only one draw has been held so far on the 10th of November. The final draw will be held on the 31st of December 2022. Meanwhile, applications will remain ongoing until the last draw is held.

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