6 December 2013
First Ever Overall Winner for Young Entrepreneur Award Category announced at the 25th Entrepreneur of the Year Award
Mr Neeraj Sundarajoo, Comwerks Pte Ltd: Overall Winner of Young Entrepreneur category and Winner of EYA for Social Contribution
Mr Sun Lai Fong, Sunhuan Construction Pte Ltd: Overall Winner of Established Entrepreneur category and Winner of EYA for Info-Communications Technology
Singapore, 4 December 2013 – The first ever Overall Winner for newly set up accolade – the Young Entrepreneur, was announced today at The Entrepreneur of the Year ~ A Rotary Singapore-ASME Award (EYA) Presentation Ceremony. The Young Entrepreneur Overall Winner, Chief Executive Officer of Comwerks Pte Ltd, Mr Neeraj Sundarajoo, also walked away with his second win, the EYA for Social Contribution.
As Singapore’s oldest entrepreneur award, co-organised by the Association of Small and Medium Enterprises (ASME) and Rotary Club of Singapore, EYA marks its silver jubilee this year. Over 25 years, EYA has recognised 225 entrepreneurs.
Commenting on the importance of entrepreneurship in Singapore today, Mr Wee Chorng Kien, Kurt, President of ASME and Award Co-Chairman of EYA 2013 said, “Entrepreneurship is now more important than ever. With recent challenges such as manpower crunch, it demands businesses to go for quality growth that is driven by higher skills and productivity. It is through entrepreneurship that drives this growth, whereby a culture of innovation is cultivated, leading to the development of new products and processes. Competition arises and business opportunities are created, ultimately resulting in economic growth for Singapore.”
This year’s Award is structured into two different categories for the first time: the Established Entrepreneur and the Young Entrepreneur categories. The Young Entrepreneur category was introduced this year to cater to the growing trend of emerging businesses, allowing budding enterprises that have been operating for at least two years to compete against their peers. A cap of $20 million turnover was imposed for this category to ensure a level playing field for the young entrepreneurs. Enterprises with a higher turnover and have more years of establishment will fall under the Established Entrepreneur category.
The first Overall Winner of the Young Entrepreneur category, Mr Neeraj Sundarajoo, has led his team through countless of challenges, only to emerge stronger. He is now an avid mentor for other budding entrepreneurs. “Our young winners have chalked up remarkable achievements and this Award marks a significant point on their promising entrepreneurial journeys ahead. We hope that our young entrepreneurs will capitalise on this Award to take their businesses to greater heights and that they will continue serving as good role models, inspiring even more to join the exciting entrepreneurial journey,” said Dr Shahul Hameed, President of Rotary Club of Singapore.
The Overall Winner for the Established Entrepreneur category, Mr Sun Lai Fong, Chairman of Sunhuan Construction Pte Ltd also clinched the EYA for Info-Communications Technology. In 1981, Mr Sun first came to Singapore as a foreign construction worker from China. After 10 years of struggles, he ventured out on an entrepreneur’s path and is now a successful self-made businessman.
The categories may have been refined, but the judging criteria remain as stringent as ever. After months of interviews, appraisals and final judging to assess the entrepreneurs on both qualitative and quantitative standards, the Overall Winners and Sub-Category Award Winners have emerged:
Established Entrepreneur Award Category
• Overall Winner: Mr Sun Lai Fong, Sunhuan Construction Pte Ltd
• Winner of EYA for Enterprise: Mr Winston Chia, Serrano Holdings Pte Ltd
• Winner of EYA for Innovation: Mr Albert Oon, Shun Zhou Hardware Pte Ltd
• Winner of EYA for Info-Communications Technology: Mr Sun Lai Fong, Sunhuan Construction Pte Ltd
• Winner of EYA for Service Excellence: Ms Sally Chua, Q'son Kitchen Equipment Pte Ltd
Young Entrepreneur Award Category
• Overall Winner: Mr Neeraj Sundarajoo, Comwerks Pte Ltd
• Winner of EYA for Social Contribution: Mr Neeraj Sundarajoo, Comwerks Pte Ltd
The evening was graced by Guest-of-Honour Mr Teo Chee Hean, Deputy Prime Minister, Coordinating Minister for National Security and Minister for Home Affairs.
Returning for the 12th year as the Award Main Sponsor, OCBC Bank is resolute in its commitment in promoting the spirit of enterprise and entrepreneurship in Singapore. “As Main Sponsor of the Award for the 12th year running, we celebrate and honour the achievements of this year’s outstanding entrepreneurs. These individuals have, through their adaptability and enterprise, continued to thrive in an increasingly competitive global market place. We are confident this year’s winners will lead the way to building a stronger, more vibrant and sustainable base for entrepreneurship in Singapore,” said Mr Linus Goh, Head, Global Commercial Banking, OCBC Bank.
For more information on the Award, visit www.eya.com.sg.
Click here to read the speech from Mr Kurt Wee, President of ASME
Click here to read the speech from Dr Shahul Hameed, President of the Rotary Club of Singapore
Click here to read the speech from Guest-of-Honour Deputy Prime Minister Mr Teo Chee Hean