Emerging Enterprise Award 2011

The Business Times and OCBC Bank first launched the inaugural Emerging Enterprise in 2008 to recognise oustanding small and medium enterprises (SMEs) in Singapore. Winners of the Emerging Enterprise receive attractive prizes to support their growth and development. The Emerging Enterprise marks a first in the SME industry for being an award that reaches out to smaller businesses.

The Emerging Enterprise 2011 is co-presented by The Business Times and OCBC Bank, and supported by RSM Chio Lim, SPRING Singapore, NUS Extension, Acorn Marketing & Research, and SingTel.

Past winners have included KAI Square (2010) and Scrawl Studios (2008)

Prizes

3 top winners each receive:

+ S$150,000 in cash
+ S$90,000 worth of professional services and training programmes
+ Support from SPRING Singapore in capability development

2 winners will also stand to win S$30,000 worth of prizes for the “Best Innovation Award”

Qualifying Criteria

All applicants should meet the following criteria:

• Be registered as a sole proprietorship, partnership, limited partnership or private limited company in Singapore.
• Be at least 30% owned by Singaporeans or Singapore Permanent Residents.
• Have no more than 20% in corporate shareholding. The net tangible asset of the corporate shareholder shall not be more than S$50 million.
• Meet annual sales turnover of not more than S$10 million as at the last financial year.
• Have at least 1 year but not more than 10 years of business operations.
• Have fixed assets of not more than S$15 million.
• Employ no more than 200 employees.

Judging Panel

Mr Alvin Tay, Editor, The Business Times

Mr George Lee, Head, Group Investment Banking, OCBC Bank

Mr Tan Chor Sen, Head, Emerging Business, OCBC Bank

Ms Chew Mok Lee, Group Director (Entrepreneurship & Innovation), SPRING Singapore

Mr James Tay, Director, NUS Extension

Mr Lim Lee Meng, Senior Partner, RSM Chio Lim LLP

Mr Danny Lai, Country Business Manager, Singapore, Acorn Marketing and Research

Mr Dumas Chin, Vice President, Business Sales, SingTel

Timeline

18 January 2011 Call for submissions

31 March 2011 Submission deadline

18 April 2011 Verification, review and shortlisting of entries

25 April 2011 Finalists are notified

27 May 2011 Briefing to finalists on final judging requirements

2 & 3 June 2011 Final judging

Results will be kept confidential until the award ceremony.

Late June 2011 Award ceremony gala dinner

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