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Premier's Entrepreneurship Recognition Awards 2014

12 Aug 2014 - 08:45

Premier's Entrepreneurship Recognition Awards 2014

The Premier's Entrepreneurship Recognition Awards programme, now in its second year, is part of the Western Cape Government's aim to create a vibrant, innovative and sustainable economy characterised by growth, employment and increasing equity and opportunity. It is designed to recognise, support and encourage a culture of entrepreneurship in the Western Cape - already known as an attractive destination and centre of innovation, business start-ups and economic opportunity. The Awards aim to demonstrate the powerful economic development potential of local entrepreneurs, and showcase their innovative and resourceful achievements. Entries open on 15 July 2014 and close on 15 August 2014. Or visit the Awards website for more detailed information and to register and enter.

1. Award categories

  • a) Emerging business - Any business operating in the Western Cape for 12 months or longer.
  • b) Established business - Any business operating in the Western Cape for 5 years or longer.
  • c) Social enterprise - Any business operating in the Western Cape for 12 months or longer, and which aims to address a social challenge through innovation.
  • d) Green business - Any business operating in the Western Cape for 12 months or longer, and which contributes to or offers solutions in energy or environmental sustainability.
  • e) Best innovative student idea - Any full-time student in the Western Cape who has an innovative business idea.

2. Who can enter?

To qualify, entrants must live in the Western Cape and (with the exception of student idea entries) have:

  • A valid ID document
  • A valid business registration with CIPC
  • A valid tax clearance certificate
  • Up to date financial statements, management accounts and a business bank account
  • Demonstrate sound financial performance over the last year
  • Evidence of entrepreneurial management and leadership.

Previous winners may not enter their businesses again. However, previous winners may enter a new or different business.

3. How to enter

  • i. You can enter for the Awards by registering on the competition website.
  • ii. You can continue working on your entry form, even if you've already registered.
  • iii. Entry is also possible using a printable hard copy entry form.
  • iv. Let us know if you have any questions regarding your entry.

4. The prizes

This year, the Western Cape Premier's Entrepreneurship Recognition Awards offers a total of R600 000 in prizes. The winners will be announced by the Premier at the prestigious Awards event to be held in November 2014. In addition to these prizes, 10 winners of other business and entrepreneurship competitions from the Western Cape will be recognized and awarded with special achievement plaques.

Category Prize (per category)
Winner: Emerging business R90 000 cash
Winner: Established business R90 000 cash
Winner: Social enterprise R90 000 cash
Winner: Green Business R90 000 cash
Best Innovative Student Idea R90 000 cash
Overall Winner: Entrepreneur of the Year Trip for two people to attend global entrepreneurship event or international trade fair to the value of R100 000. PLUS R50 000 in cash to be used to develop the business

Information obtained from http://www.westerncape.gov.za/general-publication/enter-now-premiers-entrepreneurship-recognition-awards