Entrepreneur of the Year The Global Entrepreneur Network

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1 Trade and Development Board Investment, Enterprise and Development Commission Multi-year expert meeting on enterprise development policies and capacity-building in science, technology and innovation Geneva, January 2009 PAPER SUBMITTED TO THE EXPERT MEETING* Entrepreneur of the Year The Global Entrepreneur Network by Mr. Heinrich Christen Partner, Industry Leader Medical Devices, Ernst and Young * The views expressed are those of the author and do not necessarily reflect the views of UNCTAD.

2 Confidential Ernst & Young 20 January, 2009 Entrepreneur Of The Year The Global Entrepreneur Network

3 EoY Objective 1. Identify, acknowledge and celebrate the outstanding contributions entrepreneurs make to the business community and economy 2. Provide them with a global network 20 January, 2009 Page 2

4 The World s Business Award More than 10,000 Entrepreneurs More than 135 Cities More than 50 Nations 6 Continents The Only Award for Business Leaders with an International Platform 20 January, 2009 Page 3

5 Entrepreneur Of The Year Participating Countries Argentina Australia Austria Belgium Brazil Canada China Chile Czech Republic Denmark Finland France Germany Greece Hungary India Indonesia Ireland Israel Italy Japan Kazakhstan Korea Luxembourg Malaysia Mexico Middle East* Mozambique Netherlands New Zealand Norway Philippines Poland Portugal Russia Romania Rwanda Singapore Slovak Republic Slovenia South Africa Spain Sweden Switzerland Taiwan Turkey Ukraine United Kingdom United States = More than 90% of the world s GDP * Includes more than 10 countries in ME Sub-Area 20 January, 2009 Page 4

6 EoY Global Landscape January, 2009 Page 5

7 Select Programs Country Program Years in Program United States 22 Canada 13 Brazil 11 France 16 Switzerland 12 Australia 8 Indonesia 7 Malaysia 7 Singapore 7 Philippines 6 20 January, 2009 Page 6

8 Who Qualifies for Nomination? Privately-owned business Owner (or major shareholder) of a privately held business that is at least two years old Public-listed company Founder /owner still active in senior management 20 January, 2009 Page 7

9 Process Collect Nominations Onsite Interviews Judging Meeting Jury visits finalists Finalist Journey Awards Gala World Entrepreneur Of The Year January - April May/June end of June July / August September October/November end of May next year, Monte Carlo 20 January, 2009 Page 8

10 The Judging Panel Top entrepreneurs, past EoY winners among them Judges receive an orientation book that sets out their responsibilities, the judging criteria, timetable, and other relevant information. Judges review dossiers and contribute to judging panel decisions on selection of qualified nominees. Jury is independent from E&Y and sponsors 20 January, 2009 Page 9

11 Judging Criteria Entrepreneurial Spirit Sets very high standards for self and business and demonstrates unflinching desire and determination to be successful Financial Performance Return on equities, revenues, profitability and growth rate indicating long-term sustainability. Strategic Direction Creates and turns business visions into business realities. Builds and rebuilds the teams commitment to the common goals Community/Global Impact Creates an impact in terms of job creation and improved quality of life for employees and others. Innovation Pioneers a new approach or technology. Creates a culture of innovation. Personal Integrity and Influence Living their values has earned him/her great respect from staff, competitors, advisers, family and wider community. 20 January, 2009 Page 10

12 Ernst & Young World Entrepreneur Of The Year Monte Carlo end of May Exclusive event for Entrepreneur Of The Year Country Winners 400 entrepreneurs and guests Private Meetings with Winners and Judges 20 January, 2009 Page 11

13 Benefit to Third Parties (1) EoY Switzerland supports entrepreneurship projects through Prabina Foundation in Nepal Developing together with a local entrepreneur a Paper Mill Creates jobs and apprenticeships Enhances sales opportunities Supports schools and homes for students Fundraising at Swiss Award Night Entrepreneurs in Foundation Board 20 January, 2009 Page 12

14 Benefit to Third Parties (2) EoY Ireland supports entrepreneurial projects in Haiti EoY finalists help Haitian people to develop own projects Focus on sustainability and ecology: deforestation, soil erosion and water pollution Presentation of projects to supporters in Miami Sharing of experiences, hands-on approach 20 January, 2009 Page 13

15 Benefit to Third Parties (3) EoY Austria, Germany and Switzerland support young people EoY Junior Academy in summer 2009 During one week, young people (16 20 years old) develop an entrepreneurial project in team work Supported and coached by experienced entrepreneurs Will help to motivate and educate 20 January, 2009 Page 14

16 Benefit to Participating Companies Provides global credentials Creates active global knowledge network Public recognition: media exposure, Public Relations and other marketing opportunities Enhanced standing with customers, suppliers and joint venture partners A boost to employee morale Establishes company as a role model and benchmarks company s progress 20 January, 2009 Page 15

17 Benefits to the Community/Country Encourages entrepreneurship/builds economy. The role of entrepreneurs for growing an economy is vital Coaches emerging entrepreneurs Stresses key role of innovation for growth Stresses key role of free trade for growth Recognizes the rising stars Michael Dell, Dell Computers, 1989 Howard Schultz, Starbucks, 1991 Narayana Murthy, Infosys Technologies, January, 2009 Page 16

18 EoY is supported around the world by world-class organizations (Selected Sponsors) 20 January, 2009 Page 17

19 Summary Direct impact on entrepreneurship around the globe Indirect impact on growth Direct impact on poverty reduction 20 January, 2009 Page 18

20 Ernst & Young Entrepreneur Of The Year Contact: Heinrich Christen Partner in charge of Entrepreneur Of The Year Ernst & Young AG Bleicherweg 21, P.O. Box CH-8022 Zurich Tel Fax More information: 20 January, 2009 Page 19

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