Nine small and medium-sized enterprises (SMEs) will vie for more than $2 million in prizes at the 10th annual National Commercial Bank (NCB) nation builder awards on December 12.
Nominated for the innovation award are Janet Rankine Henry, trading as Complete Nutrition Diet Care Centre; Crafton Holdings Limited, and Black Ink Marketing & Event Solutions Limited.
That award will be presented to a company that has exhibited impressive use of creativity to introduce a new product or service to the market, an innovation not solely limited to technology.
The young entrepreneur award salutes a business that has been operating for up to three years with noteworthy business performance, strong community influence and whose principal is 35 years old or under. The 2017 nominees in that category are Internet Income Jamaica Limited, SpryTraining Fitness Limited and Warren Hudson, trading as JIA Group of Designs.
The nation builder award is bestowed on the business that has displayed the most outstanding entrepreneurial performance and has demonstrated a clear and significant contribution to community development.
Nominated for that award are Knutsford Express Services Limited, Caribbean Flavours and Fragrances Limited and Fontana Limited.
SMEs were nominated by NCB branch managers and business bankers and then assessed by a panel of judges, based on innovation and creative thinking, financial performance, commercial viability and potential, business continuity and community impact. The results from those assessments were then audited by PricewaterhouseCoopers, NCB said in a release.
In addition to those awards, a final year Management Studies or Entrepreneurial Studies group from the University of the West Indies will be presented the vision award for submission of the best final year business plan or project for 2017.
As a special feature at the 10th anniversary ceremony, to be held at the Jamaica Pegasus Hotel, New Kingston, three companies will be recognised as NCB middle market customers in line with their exceptional business performance and strong community impact.
In addition, for the first time, NCB will recognise the winner of the 2017 National Business Model Competition.
NCB conceptualised the nation builder awards in 2007 to celebrate and reward the zeal and resilience of hardworking entrepreneurs across the island.
The move was in line with the bankâs commitment to support businesses across the small and medium-sized sector, furthering the advancement of varied industries while contributing to nation building.