How To Apply For The Entrepreneur of the Year Competition is what we shall discuss here today before the application begins for the year 2020. The Entrepreneur of the Year competition aims to celebrate entrepreneurial excellence and honor those who are truly successful as heroes of our society.
This competition helps to shine the spotlight on successful entrepreneurs with the aim to inspire others to venture into and succeed in the world of business.
Apply For The Entrepreneur Of The Year Competition Category
The Categories for the Entrepreneur of the year Award Are:
- Emerging Entrepreneur
An entrepreneur who has been in their present business for a maximum of 3 years and with a turnover not exceeding R5 million on the date the entry form is received by the steering committee. The entrepreneur must not be involved in any other business. The controlling shareholder(s) will be regarded as the entrant(s).
- Small Business Entrepreneur
An entrepreneur who runs a business, irrespective of length of time during which it has been active, with a turnover of between R5 million and R30 million in the tax year immediately preceding the date of entering the competition. The controlling shareholder(s) will be regarded as the entrant(s).
- Medium Business Entrepreneu
An entrepreneur who runs a business, irrespective of the length of time during which it has been active, with a turnover of more than R30 million in the tax year immediately preceding the date of entering the competition. The controlling shareholder(s) will be regarded as the entrant(s).
- Job Creator of the Year
An entrepreneur who not only employs a significant number of employees, but also plays a key role in uplifting, up-skilling and training them. They help towards making a dent in the unemployment rate of the community, area, province and country where the business is situated. The controlling shareholder(s) will be regarded as the entrant(s).
- Innovator of the Year
An entrepreneur who has:
- Reinvented the way business is done in his/her industry; and/or
- Been innovative in the product or service being offered to the market; and/or
- Found a way of drawing the best qualified and technical people in his/her industry and kept them by creating a special environment where employees can flourish. The controlling shareholder(s) will be regarded as the entrant(s).
Two additional Entrepreneur of the Year award categories can be awarded at the discretion of the judging panel, namely:
- Lifetime Achiever
An established entrepreneur who has made great strides in his/her business over many years. The steering committee proactively sources finalists for the Lifetime Achiever award category with the judges selecting the final winner.
- Judges Prize
A category to acknowledge a business that may not yet be at the same level of the other entrepreneurs (in terms of size and turnover), but makes an impression on the judges due to aspects such as the business’s social impact, the entrepreneur’s attitude and positive entrepreneurial outlook.
The overall winner is selected out of the emerging, small, or medium categories.
- Finalists stand the chance to win prizes worth a total value of R2 million, which includes cash prizes of R500 000.
- Finalists and winners are able to expand their networks and receive invaluable media exposure for their businesses as a result of the competition.
Application Deadline: Not out.
Eligibility For The Entrepreneur of the Year Competition
- Open to entrepreneurs based in South Africa.
- You will need to fill the online Application Form.