The New Business Award recognizes an outstanding business that has launched within the past 36 months and has demonstrated exceptional growth potential, innovation, and impact in its industry or community. This award celebrates emerging enterprises that have laid a strong foundation for long-term success and are already making their mark through entrepreneurial excellence, customer satisfaction, and market relevance.
ELIGIBILITY
The business must have been operational for less than 3 years at the time of nomination.
Must be a registered entity with appropriate business licenses.
Open to startups and new ventures across all sectors and industries.
The business must be able to demonstrate early achievements and potential for sustainable growth.
QUALITATIVE CRITERIA
Unique value proposition and competitive advantage.
Problem-solving approach and adaptability.
Customer feedback and testimonials.
Vision for the future and sustainability.
METRICS
Revenue generated to date.
User base/customer numbers.
Funding raised (if applicable).
Market share or client portfolio size.
Website traffic, app downloads, or engagement rates.
ADDITIONAL CRITERIA
Any recognition or accolades received.
Media or press coverage.
Strategic partnerships or collaborations.
Product or service milestones achieved.
Area of Assessment
Willingness to development in the role
