Practical prizes for Emerging Enterprise winners as partners aim to provide resources for growth

It is not merely for the honour of a title and trophy that one gets in the running for the Emerging Enterprise Award. Past winners have spoken about how practical, relevant and business-oriented the prizes are.

Here's a run-down of the prizes on offer this year:

Emerging Enterprise Winner (up to three winners)

  • S$200,000 interest-free Business Overdraft facility from OCBC Bank 
  • S$20,000 credit in the OCBC Business Debit Card and a Mastercard Priceless Experiences travel package worth S$30,000, totalling S$50,000 per winner 
  • Strategic Brand & Product Development Research Package from Acorn Marketing & Research Consultants worth S$30,000 per winner 
  • Open Enrolment Programme Package from INSEAD worth S$30,000 per winner 
  • Consulting Package for Growing Businesses from RSM worth S$30,000 per winner 
  • Support from Enterprise Singapore in capability development 

Best Innovation Award (up to two winners)

  • up to S$30,000 worth of Information and Communication Technology (ICT) business solutions package from Singtel
  • an interest-free Business Overdraft facility worth S$50,000 from OCBC

Most Promising Startup Award (one winner)

  • a digital consulting package and media inventory worth a total of S$50,000 from media agency Wavemaker

Here's what the Emerging Enterprise Award 2018's organisers and partners, which will contribute these prizes, had to say: 

"The EE award has served to empower startups and young enterprises for the past 10 years, by recognising their achievements and offering them the resources to expand their capabilities and scale up. It is undisputed that these young businesses will continue to play a vital role in the development of Singapore's economic growth and it is heartening to see our partners working together to provide them with a platform to propel their growth. On that note, as Singapore's only financial daily, BT will also continue to contribute and support the aspirations of these young enterprises through the EE award, and showcase their inspiring success stories." - Wong Wei Kong, Editor of The Business Times

“The 10th edition of the Emerging Enterprise Awards last year was a milestone for us. As we start on the next decade of recognising young businesses and their achievements, we look forward to meeting Singapore’s next crop of promising entrepreneurs. Innovation and digitisation continue to be key themes so we hope that participating businesses will be able to share their ideas and learn from each other in order to better take advantage of resulting growth opportunities in Singapore and beyond.” - Christie Chu, Head of Emerging Business, Global Commercial Banking, OCBC Bank

“Mastercard has enabled many SMEs to succeed by equipping them with the right tools and processes as well as the mentorship they need to grow their business. In a highly competitive entrepreneurial space, it is important to acknowledge the enterprising spirit of SMEs that drives them to continually innovate, and initiatives like the Emerging Enterprise Awards play a key role in doing this. We are excited to support these awards and look forward to seeing the next big innovation.” - Deborah Heng, Country Manager, Mastercard Singapore

"Every year we have the opportunity to meet the most talented and entrepreneurial SMEs in Singapore at the Emerging Enterprise Award. We continue to be awed by the array of talent, innovation and achievements of these SMEs. It is gratifying to see how some of these SMEs have grown to take centre stage not just locally but abroad as well. The Acorn Marketing and Consultancy Group, with offices in 11 countries in the region, are happy to be part of the Emerging Enterprise in providing the continual support to these homegrown SMEs as they continue their growth here and regionally." - Kwan Chong Wah, Founder, Acorn Marketing and Research Consultants Group

“As Singapore develops into a Smart Nation, technology is a key enabler which can give home-grown SMEs the much-needed boost to expand beyond our shores. Singtel is delighted to support the Best Innovation Award and committed to help SMEs harness technology and thrive in the digital economy through our suite of infocomm technology solutions and emerging technology such as the Internet of Things.” - Andrew Lim, Managing Director, Business Group, Group Enterprise, Singtel

"At INSEAD Executive Education, we are committed to helping Singapore’s promising SMEs embrace a culture of lifelong learning and develop entrepreneurial networks that will take their businesses to new heights. We are once again honoured to be the education partner of the Emerging Enterprise Award for the fifth year. Through the INSEAD-sponsored prize, which invites this year’s winners to take part in our Executive Education programmes, we hope to share with these companies our expertise and insight into the fundamental principles of growing and sustaining a new business, with the aim of helping them transform into globally competitive organisations." - Mary Kwan, Regional Director Asia Pacific, Executive Education, INSEAD.

"RSM is delighted to be part of the collective driving force of the Emerging Enterprise Award to help fuel promising SMEs’ growth ambitions and help them stay ahead of the competition." - Kaka Singh, Chairman and Senior Partner, RSM

"Over the years, the Emerging Enterprise Awards has helped to shine the spotlight on young, innovative and resourceful companies and to celebrate their entrepreneurial spirit.  As SPRING Singapore and IE Singapore merge to form Enterprise Singapore, we aim to provide streamlined and one-stop assistance to companies – be it upgrading their business capability or growing their international footprint. We are excited to work with companies participating in this award in their journey to become globally recognised brand names." - Chew Mok Lee, Assistant Chief Executive Officer, ICM & Digitalisation, Enterprise Services & New Industries, Enterprise Singapore

“As the world’s leading media investment group, we believe in driving progression and innovation for the media industry. Likewise, we support young and aspiring start-ups who share the same ethos, strive to be game changers and want to contribute to delivering greater value in their industries. We are proud to be sponsors of the Emerging Enterprise Award 2018.” - Puneet Arora, CEO of GroupM Singapore, Philippines and Thailand