The Awards is open to Small & Medium Enterprises (SMEs) in Singapore. To be eligible, your company needs to fulfil the following criteria:

  • A minimum annual turnover of SGD 500,000 (services / ICT) / SGD 1,000,000 (manufacturing / trading / wholesaling)
  • Can either be a holding company or a subsidiary. If the holding company participates, all subsidiaries will not be eligible
  • Must not be listed on any stock exchange or market share

Submit your company details here for more information on how you can participate.


Both quantitative and qualitative benchmarks are used to determine the winners and their rankings within the list.

80% Quantitative Criteria
  • Net operating Profit Before Tax
  • Annual Turnover
  • Growth in Operating Profit
  • Growth in Turnover
  • Return on Assets
  • Export Revenue/Turnover
  • Investments in Capital/Training and Research & Development
20% Qualitative Criteria
  • Management Outlook
  • Major Innovations
  • Market Presence and Share
  • Information Technology Usage
  • Corporate Social Responsibility Activities
  • Export Activities


To maintain confidentiality, the profit of participating companies will NOT be released publicly. Operating profit and financial ratios will only be used for the purpose of ranking and will be published only as a percentage or ratio.

However, profit and other figures may be used for research purposes, for which authorisation is deemed to have been received from all participating companies upon submission of the Nomination Form. The organisers’ decisions on all aspects of this programme including ranking, evaluation and publication of the list will be final.


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