Ministry of Youth & Sports Youth Entrepreneur Award

Transcription

1 Exporting for Growth: Building our Nation Ministry of Youth & Sports Youth Entrepreneur Award

2 Main Category MINISTRY OF YOUTH & SPORTS YOUTH ENTREPRENEUR AWARDS 2014 Westpac Prime Minister s Exporter of the Year Award This Award is presented to a Company with outstanding export results, excellent corporate social responsibility, creative techniques and innovative ideas which has impacted trade and development in Fiji. General Award Category Bank of Baroda Small Exporter of the Year Award This Award is presented to a Company with foreign exchange earnings of up to F$1 million over the last financial year. Life Insurance Corporation of India (LICI) Medium Exporter of the Year Award This Award is presented to a company with foreign exchange earnings between F$1 million F$2 million over the last financial year. Home Finance Company Ltd (HFC) Large Exporter of the Year Award This Award is presented to a company with foreign exchange earnings over F$2 million over the last financial year. Special Award Category Technix Pacific Ltd Emerging Exporter of the Year Award This award is presented to the company that has developed a niche market through creativity; and developed uniqueness in quality, presentation and repertoire within a short period (3 years) after the introduction of the product in the market. Bank South Pacific (BSP) Import Substitution Award This Award is presented to a company that places great emphasis on product development and has a drive to create analogues of imported products using locally obtainable raw materials. The company has to demonstrate at least 20% reduction of their total import bill and 20% increase in the utilization of locally available raw materials for the last financial year. Ministry of Youth & Sports Youth Entrepreneur Award This award is presented to company owned by a youth entrepreneur between the ages of years and recognizes the contribution made by young enterprises to the local economy. It is presented to the youth that has excelled in Fiji business environment and has made an impact on the Fijian economy at a young age. Sector Based Award Category Reserve Bank of Fiji (RBF) Agriculture Exporter of the Year Award This Award is presented to a Company with overall excellence in exporting agricultural products. Hangton Pacific Company Ltd Fisheries Exporter of the Year Award This Award is presented to a Company with overall excellence in exporting fisheries products in any form. Golden Manufacturers Ltd Manufacturing Exporter of the Year Award This Award is presented to a Company which demonstrates overall excellence in the manufacturing of exportable products. Tropik Wood Industries Limited Forestry Exporter of the Year Award This Award is presented to a Company with overall excellence in exporting forestry (wood) based products in any form. Telecom Fiji Ltd Information Communications Technology (ICT) Services Award This Award is presented to a Company with overall excellence in exporting Information Communications Technology (ICT) Services. 2

3 CHECKLIST: Below is a guideline on the information required from your company to support your application: Company Information Vision & Corporate Objectives; Number of years in business; Current activities; Location. Products & Service Information Current staff members and skills; Full description of current products/service. Export Strategy Domestic and overseas market experience; Principles on which your company has based its export success; Current market information which markets does your company exports to, reasons for targeting these markets, success in these markets, market segments targeted, etc Type of research undertaken & strategies used; Challenges that the company encounters and how it has effectively overcome these; and Initiatives undertaken to market your company and products to be at its current position. Performance Measures Statistical data on your export performance over the last 3 years; Confirmation from RBF on value of exports for your company. Projections Future plans for your company (short term in the next 12 months and long term), new product lines, target markets, business expansions, etc Other Information Description of what you have achieved so far (achievements, outcomes, contributions to local economy) e.g. production, export, investment, employment, market share; Internal & external factors contributing to export achievement and expected benefits to the company; audited accounts for the year ended 2011, 2012, 2013 (or the last financial year); Reserve Bank of Fiji endorsed Bank Confirmation of Receipt of Funds from Offshore (Form 1.3); and Justification for the Award why your company feels it merits an Award? Please note that the above is not an exhaustive list so feel free to submit any additional relevant information. It is also recommended that promotional brochures, videos, catalogues and product samples be submitted along with your application. These will be returned after the Awards presentation. Visit for more information on the Awards or to download an application form. 3

4 The 2014 Westpac Prime Minister s Exporter of the Year Awards is a premier event that rewards the achievements of Fiji s Exporters and recognizes the valuable contribution made towards growing the economy. We are delighted to offer the Ministry of Youth & Sports Youth Entrepreneur Award t o a young Fijian entrepreneur aged 15 to 35 whose company has reached a turning point and who propose innovative solutions to ensure their company s growth. Please provide answers to the questions below. COMPANY INFORMATION Trading Name Company Registration No. Physical Address Postal Address Telephone Contact Mobile Contact Address ENTRANT INFORMATION Name Job Title Address Major Company Activity (Please tick accordingly) Resource Based (Agriculture, Fisheries, Forestry) Mining Manufacturing ICT Tourism Service Activity: Primary Means of Market Entry (Please tick accordingly) Joint Venture Trading House E Commerce Parent Company Sales Government Representative Direct Sales Others/Specify 4

5 1. Describe the type of business you have i.e. (Sole Trader, Partnership and etc.)? 2. Please briefly describe your business, including your products/services in terms of: Nature and feature of products/services Variety of products/services Is the product newly introduced 3. Describe the market position and any competitive advantage your business has in terms of: Market Positioning Target Customer Market Share of products Competitive edge over your competitors 4. Please demonstrate your marketing and promotional strategies in terms of: Channel of promotion and its effectiveness Channel of collecting customer feedback and its effectiveness Brand awareness 5. Briefly state the management and business strategies in terms of: Corporate culture/ management style Business Development Manpower development and service quality monitoring Corporate social responsibility 6. Please provide ways in which your business controls cost and finance in terms of: Pricing Strategy Cost control strategy Total operation cost and net profit ( Provide financial statement as proof) FINANCIAL INFORMATION 7. Sales Information: Year (year ended) (or last financial year) Total Sales Total Exports EMPLOYMENT STRUCTURE 8. Indicate the level of employment in the company over the past 3 years. Year No. of Local Employees - Permanent - Casual/Temporary No. of Foreign Employees 5

6 FUTURE PLANS 9. Indicate any future plans the Company has towards expansions in terms of new markets, product lines, sustainability, industry commitment etc. ADDITIONAL INFORMATION 1. Please include any relevant information outside the scope of this application that you feel will qualify your company for the Award. 2. Please state why this entry should be recognised for the 2014 Westpac Prime Minister s Exporter of the Year Awards (250 words or more) DECLARATION I hereby certify that the information provided in this application is true and correct at the time of submission. I authorize Investment Fiji to conduct due diligence in accordance to the conditions and objectives of the Awards. Contact Person: Designation: Signature: Date: Company Stamp 6

7 CONDITIONS OF ENTRY Must be registered as a tax payer and be based in Fiji and be seen to be adhering to ALL laws of Fiji; Submissions must relate to an export programme which has demonstrated results over a minimum period of 12 months; The selection of winners for the 2014 Westpac Prime Minister s Exporter of the Year Award and all other Category Awards will be made at the discretion of the judges; All applicants must apply under ONLY one General Award category. However, applicants can also indicate their interest in being considered for MORE than one Special Awards; Certification of the application must be completed by the Managing Director or an authorised company representative and must include company seal, stamp and logo; In addition to the completed form, company brochures, catalogues, samples or any other relevant information must be submitted to support your application. Neither the Sponsors, judges, nor Investment Fiji shall be liable for any supplementary materials submitted as part of the application; Investment Fiji and the Award Sponsors reserve the right to publicize the Awards as long as no confidential material provided by the applicant is disclosed; Sponsors of an Award category cannot lodge an application for their sponsored award; Past winners are eligible to enter. However, they need to clearly indicate any major developments accomplished since the last win, highlighting new product developments, increase in export sales, expansions into current/new markets etc; It is prohibited for award winners, applicants and any other person(s) directly or indirectly associated with the exporter of the year awards to copy the design and replicate the Exporter of the Year Awards trophies. Investment Fiji alone reserves the right to use the design of the trophies and any duplication of this is prohibited; The judges reserve the right to transfer an application to a category other than the one chosen by the applicant if it is seen to be more relevant; The judges decisions are final. SUPPORTING DOCUMENT CHECKLIST: Completed Product Samples, Brochures, CD s, Posters, etc. Company Stamp on (if Applicable) Certified Company Registration Certificate Bank Confirmation/RBF Receipt of Funds from Offshore Audited Accounts for last financial year Supporting Evidence for information listed in your submission 7

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