Entrepreneurs are invited to compete for the BW|Businessworld Young Entrepreneur Awards 2014-2015 in two categories. Category A is for companies between 3 and 5 years old as on 30 June 2014. Startups that are 0-3 years old are invited to apply and compete for awards in category B. Three winners will be chosen and awarded in this category. At least one founder has to be 35 or under as on 30 June 2014. The last date for applications is July 31, 2014.
Q. Who can apply for the BW|Businessworld Hottest Young Entrepreneurs 2014 awards?
A. There are three basic criteria.
One, all founders should be no more than 35 years old as of June 30, 2014 .
Two, companies which are between 0-3 years old as on July 31, 2014, can apply. This is a category we introduced for the first time last year.
Three, companies which are between three and five years old as on July 31, 2014. All companies must be registered entities.
Q. What is the selection procedure?
A. After applications close on July 31, 2014, winners will be picked via a three-step process. In Step 1, independent auditors will shortlist eligible candidates based on a due diligence of accounts. In Step 2, a screening committee comprising venture capitalists will interact with applicants and shortlist finalists for the jury round. Shortlisted candidates will then be put through a mentoring process before being presented in front of an independent jury. The jury will pick five winners, ranked 1 to 5, with 1 being the highest rank. The winners will be awarded at an awards function hosted by BW|Businessworld in March. We will update applicants on the outcome of each step on this website.
Q. Apart from the winners, are there any other awards?
A. We pick five companies as winners in the Editors’ Choice category. These companies are featured in BW|Businessworld as part of the special issue on the awards. We don’t not award them at the awards function.
Q. Is there a cash prize for the winners?
A. No, at this moment we do not give cash prizes.
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