The National Entrepreneurship Development Company Limited (NEDCO) launched a new annual event called the NEDCO National Entrepreneurship Awards (NEDCO Awards 2022) to commemorate our 20th anniversary in August 2022.
NEDCO will continue to build on last year’s momentous success by hosting our second annual NEDCO National Entrepreneurship Awards Function (NEDCO Awards 2023) on Saturday 26th August 2023. A televised broadcast of the Awards Function will be held at a later date.
The NEDCO National Entrepreneurship Awards 2023 would once again applaud the outstanding accomplishments of our entrepreneurs in six (6) categories: Green Entrepreneur, Technology-Driven Entrepreneur, Innovative Entrepreneur, Youth Entrepreneur, Female Entrepreneur and NEDCO Client.
As the organization mandated to support the development and growth of the MSEs, the NEDCO National Entrepreneurship Awards 2023 will shine a spotlight on these amazing and resilient entrepreneurs and provide them with the national recognition and acclaim that they deserve. The theme for the 2023 Awards is Breaking Barriers which would highlight our awesome local entrepreneurs who continue to experience not just growth and success in this difficult economy, but continue to provide amazing and innovative solutions to the local and international markets. They deserve to be applauded and celebrated!
- To highlight our exemplary entrepreneurs as models of start-up success
- To provide encouragement to our local MSEs for their successful growth and expansion, especially within these challenging economic times
- To encourage the creation of new start-ups, including within youth, niche markets and emerging sectors
- To plant the seed of self-employment as career choice within our local society and encourage a culture of entrepreneurship
- To help drive the entrepreneurial development, sustainability and competitiveness of the micro and small enterprise (MSE) sector
The target market for the NEDCO National Entrepreneurship Awards 2023 will encompass the national entrepreneurship landscape to provide continuous developmental support and aid in the diversification of our economy:
- Youth entrepreneurs
- Female business owners
- Technology-driven start-ups
- Innovative entrepreneurs
- Start-ups with environmentally sustainable practices
- Entrepreneurial niche markets, including retail, hospitality, arts and craft and agro-processing, among others
- The local MSE sector
Award Entries Open: Monday 19th June 2023
Award Entries Close: Midnight on Sunday 9th July 2023
SUBMIT AN ENTRY!
Each NEDCO National Entrepreneurship Award will consist of:
- A Trophy
- $TTD 15,000.00
- One (1) $TTD 1,200 NEDCO Ultimate Entrepreneurial Development Package consisting of Four (4) Entrepreneurship Training Workshops, Three (3) Business Advisory Sessions and Three (3) Entrepreneurship Development Webinars
Entries MUST be submitted by 12 midnight on Sunday 9th July 2023 via the NEDCO website online form.
Only entries received by the NEDCO website online form will be considered.
SUBMIT AN ENTRY!
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Entry Criteria and Process
Applicants are encouraged to ensure that they meet the required entry criteria and follow the correct application process. Failure to do so may result in disqualification from being considered for an Award.
VIEW ENTRY CRITERIA AND PROCESSAward Categories
The Youth Entrepreneur Award recognizes and celebrates persons aged 18 to 35 years who started or own a business and would have achieved a level of business success that belies their age. Entrants would have demonstrated innovative business concepts that create economic opportunities for themselves and others. The youth are truly our future!
Award Criteria
Entrants will need to:
- Describe their business initiatives or improvements over the last 12 months.
- Indicate what was the impact of their business initiatives or improvements (via growth in income, clients, job creation or assets /investments in the company).
- Indicate how their business initiatives or improvements are being sustained.
The NEDCO Entrepreneur of the Year Award recognizes and celebrates NEDCO clients who would have started or own a business and would have achieved significant growth either via job creation or economic improvement.
Award Criteria
Entrants will need to:
- Describe their business initiatives or improvements over the last 12 months.
- Indicate what was the impact of their business initiatives or improvements (via growth in income, clients, job creation or assets /investments in the company).
- Indicate how their business initiatives or improvements are being sustained.
The Green Entrepreneur Award encourages micro and small enterprises to adopt environmentally sustainable practices, such as recycling, waste reduction and water, energy and building materials efficiency, which lead to a reduced environmental impact, as well as economic gains.
Award Criteria
Entrants will need to:
- Describe their green initiatives or improvements over the last 12 months.
- Indicate what was the impact of their green initiatives or improvements (via decrease in environmental impact or economic gains).
- Indicate how their green initiatives or improvements are being sustained.
The Innovative Entrepreneur Award recognizes and celebrates MSEs which extol the virtue and benefits of innovative thinking in both emerging and traditional industries. Whether its new products, services, processes or markets, the innovative initiatives would have led to job creation or economic improvement.
Award Criteria
Entrants will need to:
- Describe their innovative initiatives over the last 12 months.
- Indicate what was the impact of their innovative initiatives (via growth in income, clients, job creation or assets /investments in the company).
- Indicate how their innovative initiatives are being sustained.
The Technology-Driven Entrepreneur Award recognizes and celebrates MSEs in which technology played a significant role in the growth and achievements of the company. Whether its new products, services, processes or markets, the technology-driven initiatives would have led to job creation or economic gains.
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ward Criteria
Entrants will need to:
- Describe their technology-driven initiatives over the last 12 months.
- Indicate what was the impact of their technology-driven initiatives (via growth in income, clients, job creation or assets /investments in the company).
- Indicate how their technology-driven initiatives are being and sustained
The Female Entrepreneur Award recognizes and celebrates women who have demonstrated leadership, innovation and excellence in business that led to economic growth or job creation.
Award Criteria
Entrants will need to:
- Describe their business initiatives or improvements over the last 12 months.
- Indicate how their leadership, innovation or excellence in business impacted their business (via growth in either income, clients, job creation or assets /investments in the company).
- Indicate how their business initiatives or improvements are being sustained.