Each winner received $440,000 comprising a S$150,000 interest-free loan from OCBC Bank, a $50,000 package offered by MasterCard, which comes with $20,000 credit in the OCBC Business Debit Card and S$30,000 worth of Priceless experiences through the MasterCard Priceless package
Singapore, 30 August 2013 – Oriental Tanks, Biomax Technologies and G-Energy Global have emerged as the top three winners of the Emerging Enterprise Awards 2013 (EE2013).
They received their awards from the Guest-of-Honour, Mr Teo Ser Luck, Minister of State for Trade & Industry and Mayor of North East District, at the EE2013 Gala dinner and awards ceremony held at The Ritz Carlton, Singapore, this evening.
Into its sixth year, EE2013 remains an attractive award for emerging businesses, with the number of applications received growing by more than seven-fold as compared to its inception in 2008. This year’s awards feature submissions from a myriad of industries, including education, food and beverages (F&B), electronics and engineering, information technology, the environment sciences and green and recycling industries. . The finalists were short-listed based on the sustainability of their business models and growth plans, as well as the viability of their business strategies in taking on the challenges and opportunities in their respective industries.
EE2013 is Singapore’s only annual entrepreneurial award that reaches out to younger and smaller businesses which are up to 10 years old and have annual sales turnover of not more than S$15 million. It is jointly organised by The Business Times and OCBC Bank, and supported by SPRING Singapore, NUS Extension and Acorn Marketing and Research Consultants.
The prize money for each winner has also increased with the inclusion of MasterCard as the Award’s latest partner.
Each winner will now receive $440,000 comprising a S$150,000 interest-free loan from OCBC Bank, a $50,000 package offered by MasterCard, which comes with $20,000 credit in the OCBC Business Debit Card and S$30,000 worth of Priceless experiences through the MasterCard Priceless package, as well as professional services, training programmes and support in capability development offered by the other partners.
In addition, SingTel, the presenting sponsor of the “Best Innovation Award” since 2010, has also increased its Information and Communication Technology prize from $30,000 to $45,000, to honour up to two SME winners which have successfully harnessed innovation to build an original and sustainable business model. This year, the SingTel Best Innovation Award goes to E-Tag RFID.
RSM Chio Lim is the official auditor for EE2013.
Quotes from co-organisers and partners:
Mr Alvin Tay, Editor of The Business Times, said: "Each and every winner this year is deserving of the award and has earned the right to be immortalised in the EE 'hall of fame'. It's no surprise that they share similar traits of past award winners - innovativeness, foresight and possessing a sharp business acumen. As these companies continue to mature and thrive under the support of the EE partners, their future success will play a critical role in building the pool of entrepreneurial talent in Singapore. Congratulations to this year’s winners! ”
Mr Eric Ong, Head of Emerging Business, Global Enterprise Banking, OCBC Bank, said: “This year's winners have set themselves up for success as they understand the importance of having a clear game plan and business mission which help them to identify their market niche, while being aware of their business environment. What they lack in size, they more than make up with their passion, tenacity and courage to dream big. They are able to think out of the box, push boundaries and come up with innovative products that are able to compete in the international market.
"Success is deservedly theirs, and we look forward to seeing them leverage this platform to achieve even greater success in growing and globalizing their business, and put Singapore on the world stage."
Mr Than Su Ee, Head of Mezzanine Capital Unit, OCBC Bank, said: “Creating a successful enterprise takes gumption, acumen and perseverance. The winners of this award, present and past, all display these hallmark traits which put them in good stead to further expand their businesses, both domestically and beyond our shores. We applaud them for the success they have attained to date and welcome every opportunity to partner them as they work towards realising the full potential of their businesses.”
Ms Chew Mok Lee, Group Director, Enterprise & Innovation, SPRING Singapore, said: “The Emerging Enterprise Award continues to see many promising enterprises from diverse sectors like engineering, green solutions and F&B participating annually. This award gives recognition to the next generation of enterprises that will contribute to the renewal of the SME landscape. As the enterprise development agency, SPRING Singapore will support the growth of these promising enterprises by helping them to improve their capabilities or access new markets, and hence allow them to step up to greater challenges. In turn, their success stories will inspire other Singaporean enterprises to think big and grow.”
Mr Kaka Singh, Chairman, RSM Chio Lim LLP, said: "It was a very difficult decision to choose only three winners. The industries we covered this year were diverse and each had interesting aspects of business development. Every finalist showed tenacity to succeed and innovativeness in their business approach. We thank all the finalists for their efforts and encourage them to keep going. Still, a decision had to be made and the winning companies were selected for their total approach to business development and sustainability in their projects. It is with their passion that the entrepreneurial spirit in Singapore will keep growing. On this note, we congratulate the winners!"
Ms Julienne Loh, General Manager, Singapore, MasterCard, said: "Although the Emerging Enterprise Awards are meant to recognise fledgling businesses in Singapore, the plans and aspirations presented by the various winning SMEs were in no way small! Their ability to stay ahead of industry trends and establish new frontiers through innovation stood out among the many outstanding entries we received. For me personally, it was also very inspiring to witness their tenacity and sheer passion to succeed. My heartiest congratulations to all on the well-deserved win!"
Mr Titus Yong, Vice President, Business Sales, SingTel Group Enterprise, said: “The competition for this year’s award has been very keen but we have seen an emerging group of SMEs who dared to dream big, ventured outside their comfort zones and persevered in overcoming all odds in their paths. Their aspirations to change the game and innovate their businesses have given them an upper hand in shaping their competitive edge. We congratulate this year’s deserving winners and look forward to partnering them in attaining greater triumphs.”
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Corporate Communications & CSR
Singapore Press Holdings Limited
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About The Business Times
The Business Times (BT), published by Singapore Press Holdings (SPH), is South-east Asia's leading business daily. It is Singapore’s only financial daily and provides a complete guide on the local, regional and international business scene.
BT brings to its readers each day a comprehensive and concise package of corporate, financial, economic and political news, analysis and commentary. BT also carries features and the latest lifestyle trends in food, entertainment, shopping, arts, health, travel and design.
In June 1995, BT became the first English-language newspaper in Asia to go on the World Wide Web. Since January 2000, BT Online started to be available from 4am Singapore time (GMT +0800) and to offer news updates throughout the day.
Redesigned in September 2004 to engage a new generation of readers, a refreshing blue masthead, bigger fonts and friendlier layout were introduced. The content has been expanded to reflect a complete read, packing in loads of new features, such as specialty pages, a daily take on the health of the Singapore economy and dedicated regional pages.
For more information, visit www.businesstimes.com.sg
About OCBC Bank
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. It was ranked by Bloomberg Markets as the world’s strongest bank in 2011 and 2012.
OCBC Bank and its subsidiaries offer a broad array of specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has a network of over 450 branches and representative offices in 15 countries and territories, including about 340 branches and offices in Indonesia that are operated by its subsidiary, Bank OCBC NISP.
OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the largest insurance group in Singapore and Malaysia by assets. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia. Private banking services are provided by subsidiary Bank of Singapore, which continued to gain industry recognition including being voted “Outstanding Private Bank in Asia Pacific” by Private Banker International.
For more information, please visit www.ocbc.com
About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Newspapers, Magazines and Book Publishing
SPH has 19 titles licensed under the Newspaper Printing and Presses Act, of which nine are daily newspapers across four languages. On an average day, 3.05 million individuals or 76 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 300 million page views with 20 million unique visitors every month. Apart from AsiaOne, SPH’s online and new media initiatives include ST701, the leading online marketplace for jobs (STJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds); Stomp, omy.sg and The Straits Times RazorTV. SPH also launched The Straits Times’ iPad and enhanced iPhone applications, an Android smartphone application and The Business Times’ iPhone application. SPH’s Chinese flagship newspaper Lianhe Zaobao has also launched its digital editions which include a web application, as well as online and PDF versions.
In the radio business, SPH UnionWorks Pte Ltd operates entertainment stations UFM 100.3 in Mandarin, as well as Kiss92 and HOT FM91.3 in English. SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.
Events and Out-of-Home Advertising
SPH’s events arm Sphere Exhibits organises innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region. In addition, SPH has ventured into out-of-home (OOH) advertising through its digital out-of-home platform SPH MediaBoxOffice.
SPH REIT is a Singapore-based REIT established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. SPH REIT is managed by SPH REIT Management Pte. Ltd., which is a wholly-owned subsidiary of Singapore Press Holdings Limited.
The initial portfolio of SPH REIT comprises the following two high quality and well located commercial properties in Singapore:
· Paragon, a premier upscale retail mall and medical suite/office property, well known for its upscale mall housing many luxury brands, located in the heart of Orchard Road; and
· The Clementi Mall, a mid-market suburban mall located in the centre of Clementi town, an established residential estate in the west of Singapore.
The Seletar Mall is SPH's latest retail development and is expected to open at the end of 2014. This property is a potential asset to be injected into SPH REIT. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.
For more information, please visit www.sph.com.sg