NOMINATIONS are now open for the 17th annual EY Entrepreneur of the Year (EOY) 2018 awards in Singapore.
This year's theme "Embracing transformation, driving innovation" was unveiled at the launch of the awards on Monday, at a ceremony held at Sofitel City Centre.
Nominees will be assessed by an independent judging panel based on six criteria: strong entrepreneurial spirit; integrity; innovation; sound strategic direction; financial track record; and the building of successful businesses that have national and global impact.
Entrepreneurs who excel across the six criteria will be honoured as winners of award titles that are designed to "reflect their unique quality or achievements", said EY.
The individual with the highest score across all six criteria will be selected as the EY Entrepreneur of the Year 2018 Singapore to represent the country at the World Entrepreneur Of The Year (WEOY) award in Monte Carlo, Monaco next year.
Last year's EOY Singapore winner, Dr Shi Xu, founder and executive chairman of Nanofilm Technologies International, will be representing Singapore at the upcoming world awards in June 2018, competing with over 50 other country contenders.
Standard Chartered Bank returns as a major sponsor of the EY EOY awards programme, as well as the co-presenter of the EY-Standard Chartered Family Business Award of Excellence, for the second year.
EY will collaborate with Business Families Institute @ Singapore Management University and the Family Business Network Asia to select the winner for the EY-Standard Chartered Family Business Award of Excellence - an honorary award presented for the sixth year on board the EOY platform. The award recipient does not compete for the EY EOY Singapore 2018 title.
The recipient will be selected based on the family business' ability to successfully balance business and family issues, grow the firm and show responsibility for others through philanthropic or social engagements.
Max Loh, Asean and Singapore managing partner, Ernst & Young, said: "Transformation does not happen without innovation, and the challenge for many companies is in making innovation intentional. This responsibility falls on every business leader - whether of a mature company or a start-up - to create an ecosystem that enables experimentation, investments in ideas and risk-taking."
Other sponsors and supporters of the EOY awards include The Business Times; The Edge Singapore; The Peak; Merrill Corporation (official data partner); Action Community for Entrepreneurship; International Enterprise Singapore; Singapore Business Federation; and Spring Singapore.