Each winner to receive the coveted Emerging Enterprise Winner title and prizes comprising professional and consultancy services, executive educational programs and support in capability development offered by the respective EE 2017 partners.
Singapore, 29 September 2017 – Ace Water, a provider of services and technology to treat waste water; Greenology, which provides landscaping and urban farming products and technology and Secretlab, which designs and manufactures ergonomic computer chairs, have emerged as the top three winners of the Emerging Enterprise Awards 2017 (EE 2017).
Bttrigtical, a provider of analytical instruments to measure water content in oil for manufacturing, logistics and e-commerce industries and Pixel Automation which designs and builds customised automation solutions for various industries, are the recipients of the Best Innovation Award.
Homage, a provider of on-demand home-based care to senior citizens and SEYC, which manufactures and distributes local snacks such as salted egg yolk snacks are the winners of the Most Promising Startup Award.
Guest-of-Honour, Minister for Trade & Industry (Industry) S Iswaran was present at the EE 2017 Gala Dinner and Award Ceremony held at The Ritz Carlton Millenia Singapore this evening.
Into its tenth year, EE2017 is Singapore’s only business award that reaches out to SMEs with annual sales turnover of up to S$20 million per annum. The Award acknowledges promising startups and aspiring small and medium enterprises (SMEs) that have been outstanding in their respective fields and provides these deserving businesses with the needed resources to build on their capabilities for further growth.
This year’s awards feature submissions from a myriad of industries such as furniture design to healthcare and robotics to luxurious paper and leather accessories. The finalists were shortlisted 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 various industries.
Each of the top three winners – Ace Water, Greenology and Secretlab – will receive the following:
The Best Innovation Award recognises the spirit of innovation and originality in business concepts. The two winners, Bttrigtical and Pixel Automation, received an Information and Communications Technology (ICT) business solutions package from Singtel worth up to S$30,000 and a S$50,000 interest-free business overdraft facility from OCBC Bank.
The two winners of the Most Promising Startup Award, Homage and SEYC, walked away with the Most Promising Startup Title and trophy, as well as S$30,000 worth of digital consultancy services from Maxus. This award was introduced in 2014 to give recognition to young businesses below three years old and with turnover of less than $1 million per annum.
EE 2017 is jointly organised by The Business Times and OCBC Bank and the Award is supported by Mastercard, Acorn Marketing and Research Consultants, INSEAD, SPRING Singapore, Singtel, Maxus and the official auditor, RSM.
Quotes from co-organisers and partners:
Mr Wong Wei Kong, Editor of The Business Times, said: “This year marks the tenth anniversary of the Emerging Enterprise Awards as we welcome a new batch of deserving winners. Tonight’s winners have excelled in their respective industry with entrepreneurial spirit, ingenuity and perseverance in the face of competition and disruption. With the support from the EE partners, these companies will receive the critical resources to help enhance their competencies and innovation to scale their businesses to the next level. Congratulations once again to all winners!”
Mr Tan Chor Sen, Executive Vice President, Global Commercial Banking, OCBC Bank, said: “Businesses have to understand that in this day and age it either disrupts, or gets disrupted. This year’s Emerging Enterprise Awards winners recognise this. They understand the importance of leveraging technology, and have come up with innovative solutions and business models that benefit customers and make their companies truly unique. But this is just the tip of the iceberg – with Singapore’s strong infrastructure and increased connectivity between markets, they have the potential to go even further. The Emerging Enterprise Awards is in its 10th year. Many past winners have gone on to become industry leaders and this year’s winners have similarly strong prospects. We look forward to providing them the support they need to scale up operations and continue expanding in Singapore and beyond."
Mr Kwan Chong Wah, Founder/CEO, Acorn Marketing and Research Consultants, said: “We have a very good spectrum of participants - ranging from artisanal, hand crafted, to robotics, from simple pleasure food to complex solutions for industries, from applications of IT to the enabling of soft sciences, from nice things to doing nice…To me, what is even more impressive, is the useful and purposive ideas that underpin these enterprises."
Ms Mary Kwan, Regional Director Asia Pacific of Executive Education at INSEAD said: “The Emerging Enterprise Awards play an important role in supporting Singapore’s vibrant and diverse start-up ecosystem. By celebrating the journey that promising young enterprises have taken towards success, the Awards provide recognition for the hard work and passion that drive these businesses forward. The Awards are also an inspiration for other entrepreneurs and business leaders to embrace the spirit of life-long learning in their journey towards success. As the education partner for EE 2017, INSEAD is proud to offer this year’s winners a place on our Executive Education programmes. Through our research and teaching, we aim to transform them into globally-competitive organisations, capable of meeting the challenges of the ever-evolving business landscape. We are committed to helping businesses and entrepreneurs achieve long-term and sustainable success through world-class business education. We look forward to welcoming the EE2017 winners to INSEAD. Congratulations to each and every one!”
Mr Desh Balakrishnan, Managing Director of Maxus Communications Singapore, said: "Maxus is proud to be one of the sponsors of the coveted 10th EE awards in 2017 and to be sponsoring the Most Promising Start Up award. This year's finalists were extremely competitive showcasing their unique business propositions, proven track record with clear future expansion plans with built in sustainability measures & controls in place. The passion, energy & drive displayed by the finalists was definitely admirable & appreciated by all the judges and the winners fully deserve their awards for being outstanding & promising in their own field of business with the vision & specific strategies worked out for them to make their mark in the regional & global stage."
Mr Andrew Lim, Managing Director, Business Group, Group Enterprise at Singtel said: “We are pleased to present the Best Innovation Award to Bttrigtical Pte Ltd and Pixel Automation Pte Ltd. They have successfully embraced new technologies and created proprietary solutions to differentiate themselves. Their victories underscore that SMEs, regardless of size, have the potential to create their own niche and leverage technology to become a disruptive force in their respective industries. We look forward to providing them with Singtel’s suite of infocomm technology solutions, such as cloud computing, e-commerce and cyber security that will empower them to innovate, grow and expand their businesses. Congratulations to the winners!”
Appendix 1 - EE 2017 Award Categories & Prizes
Appendix 2 - Corporate profiles of Emerging Enterprise Award 2017 partners
Appendix 3 - Emerging Enterprise Award 2017 judging panel
Appendix 4 – Emerging Enterprise Award past winners (2008-2016)
Appendix 5 - Profiles of Emerging Enterprise Awards 2017 finalists
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About The Business Times
The Business Times, a member of the Singapore Press Holdings group, is South-east Asia's leading financial daily. BT brings to its readers daily corporate, financial, economic and political news, analysis and commentary on print and digital platforms. It provides readers with in-depth coverage of Singapore and Asian business and economic developments, as well as global trends that impact Singapore business. BT's lifestyle journalists bring busy executives the latest in recreation, entertainment, the arts, design, food and shopping.
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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. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore and the Asia Pacific by The Asian Banker.
OCBC Bank and its subsidiaries offer a broad array of commercial banking, 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 more than 610 branches and representative offices in 18 countries and regions. These include the 340branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 100 branches and offices in Hong Kong, China and Macau under OCBC Wing Hang.
OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC Bank's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
For more information, please visit www.ocbc.com.