The New Entrepreneurs category aims to recognise fledging Entrepreneurs who have demonstrated keen business acumen, innovation and creativity in differentiating their businesses in the market.

(A) The Participant:

i. Has been operating the business for a period of more than 2 years but less than 7 years
ii. Owns at least 30% of the Company’s shares. Candidates who possess less than 30% ownership must submit an endorsement letter from the Company’s Board of Directors.
iii. Is a Singaporean or Permanent Resident above the age of 18

(B) The Participant’s Company:

i. Has at least 30% local equity
ii. Is not a listed company or a subsidiary of a listed company
iii. Has at least 3 years of financial statements, which must be submitted for evaluation. Companies that have been in operation for less than 3 years may submit 2 years of financial statements.

NOTE: Executive Council Members of ASME, Board of Directors of Rotary Club of Singapore and members of the Award Organising Committee are not eligible to participate in the EYA.