Launched in 2004, SICCI-DBS Singapore Indian Entrepreneur Awards are presented annually by the Singapore Indian Chamber of Commerce & Industry (SICCI) to recognise outstanding Indian entrepreneurs and to serve as a motivation for budding Indian entrepreneurs. For this year 2011, SICCI has announced a new award as part of the several changes made.
Category 1: Large Enterprise
2010 Criterion: Core criterion was set at an annual turnover of S$25 million (U$20 million).
2011 Criterion: Applicants whose business’/company’s annual turnover is more than S$25 million; or a net annual profit of more than S$2.5 million; or net asset value of more than S$10 million; or more than 50 employees.
Category 2: Medium Enterprise
2010 Criterion: Core criterion was set at an annual turnover of less than S$25 million.
2011 Criterion: Applicants whose business’/company’s annual turnover is S$25 million or less; or a net annual profit of S$2.5 million or less; or net asset value of S$10 million or less; or 50 employees or less.
Category 3: Promising Entrepreneur
2010 Criterion: Been actively involved in the management of the business between two and five years.
2011 Criterion: Applicants must have been in the business/company in Singapore for less than 3 years.
Category 4 : Family Business
The business/company must have been in existence for at least one generation. The family members should be involved in the strategic direction, management and leadership roles in the business/company. Their intention should be to keep the business/company within the family in a profitable and sustainable manner.
The application of this award will close by 14th July 2011. For further information and application form, interested applicants can view here (pdf file).