Singapore’s Entrepreneurs Urged to Showcase Innovation and Impact in 2026 EY Awards
As Singapore continues to cultivate a globally competitive and innovative ecosystem, Ernst & Young (EY) has opened nominations for its prestigious 25th Entrepreneur of the Year (EOY) 2026 awards, spotlighting the critical role of entrepreneurs in shaping the economic and social landscapes. The awards, accepting entries until April 10, are setting the stage for local entrepreneurs to demonstrate their contributions beyond financial metrics, focusing heavily on innovation and societal impact.
The Importance of Entrepreneurial Innovation in Global Economic Context
In a year marked by challenging global economic conditions, including fluctuating markets and ongoing trade tensions, the role of entrepreneurs in driving economic resilience and transformation has never been more crucial. Singapore, known for its vibrant start-up ecosystem and supportive regulatory environment, remains at the forefront of fostering entrepreneurial talent that contributes significantly to both local and global markets.
This year’s EOY theme, “The Shapers,” highlights entrepreneurs as pivotal figures in crafting future-ready businesses that not only aim for profitability but also tackle societal challenges. This aligns with a global shift towards sustainable and responsible business practices, where companies are evaluated based on their ability to generate social value alongside economic returns.
Evaluation Criteria and Impact
Participants in the 2026 EOY awards are evaluated across several criteria:
- Entrepreneurial spirit
- Purpose
- Impact
- Growth
These criteria reflect a comprehensive view of entrepreneurship that goes beyond traditional performance metrics to include aspects such as innovation diffusion, job creation, skill transfer, and community involvement.
EY has also introduced the EY Impact Award of Excellence, a special award to commend entrepreneurs excelling in purpose and impact, thus reinforcing the value placed on transformative and impactful business practices.
Key Partnerships and Support
Support for the EOY awards underscores the collaborative effort between various stakeholders in the business community. Key partnerships include:
- Bank of Singapore, the platinum sponsor
- Singapore Exchange Limited (SGX), a long-standing partner
- The Edge Singapore, The Business Times, and Portfolio magazine as media partners
- Support from Action Community for Entrepreneurship, Enterprise Singapore, and the Singapore Business Federation
These partnerships reflect a robust ecosystem encouraging entrepreneurial growth and showcasing Singapore’s commitment to nurturing and recognizing outstanding entrepreneurs both locally and on a global scale.
The EOY program, through fostering a network of innovative leaders, plays a crucial role in elevating the Singapore brand internationally, while inspiring future generations of entrepreneurs.
Nominations are open to the public and business community, who are encouraged to nominate deserving entrepreneurs via EY’s dedicated nomination portal. The spotlight is on those business leaders who are not only driving economic success but are also making significant positive impacts on their communities and industries.
