The current crisis has wiped out the global market confidence but not the ambitions of the entrepreneurs.
And the Association of Small and Medium Enterprises (ASME) and the Rotary Club are aiming to recognise those who have succeeded this year despite the many obstacles.
The Entrepreneur of the Year Award is now into its 21st year. It seeks to honour successful entrepreneurs who have been able to recognise opportunities, take appropriate actions and accept the associated risks.
Past winners include homegrown firms like Charles and Keith, Breadtalk and Qian Hu.
What are the qualifying requirements?
- The Candidate must be an entrepreneur who has been in business for at least three years, and has demonstrated outstanding entrepreneurial qualities in growing and developing the business.
- The Candidate must be a Singapore Citizen or Permanent Resident, who is above 21 years of age.
- The Candidate’s company must have a minimum 30% local equity.
- If the Candidate owns between 10% and 30% of the Company’s shares, he/she has to be nominated by the Board of Directors.
- Total fixed production assets of the Candidate’s company should not exceed S$30 million. Total number of employees must not exceed 400 if the Candidate’s business belongs to the service industry.
- The Candidate’s company must neither be a listed company nor a subsidiary of a listed company.
- The Candidate’s company must hold at least three years of audited books of accounts, which must be submitted for evaluation.
Submissions for the award will close at noon on June 30, 2009. Visit the website at http://www.eya.com.sg/