SME and township entrepreneur categories added to business innovation awards

09 May 2019 | Web Article Number: ME201914519

Commerce & Trade
SMME Development & Support

FOLLOWING an overwhelming response from entrepreneurs, the FNB Business Innovation Awards (FNB BIA) have been extended to include two more categories, and now represent the entire business landscape in South Africa.

Adding to the Endeavor global category, the bank has partnered with 10XE and the Township Entrepreneurs Alliance (TEA) to introduce SME and township entrepreneur categories, respectively. Entries for all three categories were officially opened from 01 April 2019.

FNB Business CEO Mike Vacy-Lyle said South Africa currently faced several challenges in terms of economic growth and the creation of sustainable jobs.

“FNB firmly believes that with adequate support from both government and the private sector, businesses, both big and small, have the potential to help the country achieve sustainable growth and development,” he said.

“FNB BIA celebrates entrepreneurship and recognises business owners who go the extra-mile to constantly innovate, think out of the box and reinvent themselves to remain relevant. Despite testing economic circumstances, these entrepreneurs continue to take risks, while remaining optimistic about growth.”

The awards are aimed at all businesses, regardless of size, that can demonstrate real innovation with the potential to change the way their respective industries operate.

Businesses must exhibit high growth potential and have the capacity to add substantial socio-economic impact on the South African economy. This, partnered with job creation, outstanding business ethics, and goodwill are all among the many factors that will be reviewed by the selection panel.

Successful entries in each category will go through a selection process where the qualifying businesses will be reviewed and assessed by a selection panel, in each of the three categories, before they are shortlisted as FNB BIA Finalists for 2019.

Finalists will get an opportunity to present their businesses to a final judging panel, where a winner per category will be selected.

The winning businesses will each get business development support to the value of R1 million. The winners will be announced and celebrated as the FNB Business Innovators of the Year 2019 at an award ceremony.

Entrepreneurs have until 30 June 2019 to submit their entries and they can do so at www.fnbbia.co.za

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