This award is open to small and medium-sized companies in Singapore. The criteria for the Enterprise Award are categorised into four areas:
The success of the company in innovation of either products, services or new markets. Particular attention will be focussed on the company's penetration of overseas markets drawing on enterprise and expertise of its Singapore base.
The company must have an outstanding and sustained growth in profit. The age of a company will be taken into consideration in relation to profit track record. The company must have taken positive steps and made conscious efforts towards improving its productivity level.
The organisation must display an effective management style and have a viable organisational structure. The company must have a track record of establishing and maintaining harmonious relations within the organisation and set examples for the industry it is in.
Contribution to the Community
The company's contribution to the community will be considered favourably.