The Lloyds Bank - National Business Awards UK 2017   

 

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The Duke of York New Entrepreneur of the Year

The New Entrepreneur of the Year award celebrates the potential that exists within leaders of the UK’s most promising start-ups. Focusing on the market opportunity identified, the model to capitalise on it, and how it has been executed within the first 18 months of trading, judges will look at how initial targets and KPIs have been exceeded, the vision for growth, innovation and the founder’s understanding of key challenges, customers and the competitive landscape. Open to any first business founder that has been trading for 18 months or less on 1st April 2016, this Award recognises those demonstrating the entrepreneurial aptitude, commercial acumen, vision, ambition and drive to build a successful enterprise. 

Core criteria Proportion of overall score 

Growth 15%
Innovation 15% 
Staff Engagement 15%
Customer Service 15% 
Leadership 15%
Ethics 15% 
Financial performance 10% 

Judges will be looking for: 

  • Evidence of the market opportunity you identified, your model to capitalise on it, and how it differentiates you from your competitors 
  • Your personal story (if appropriate), career to date and any notable additional information 
  • Explain how you define growth (ie revenue/profit, staff, client-base, regional/international expansion, etc) and key milestones achieved over the last 18 months 
  • An outline of key examples of how your management structure or leadership philosophy has driven improvement in performance over the last 18 months 
  • Case study examples and top line data to explain how you have increased your customer base, or engagement from existing customers, over the last 18 months and the impact this had on your financial performance 
  • Briefly describe the processes or programmes that you have put in place to engage your staff in successfully delivering your strategy or vision, or that has empowered them to create growth or improve efficiency 
  • Please outline the key innovation(s) you have introduced, or developed, that have created competitive advantage for your business - and the impact on the wider industry if applicable. Briefly explain the processes you have put in place to embed a culture of innovation 
  • Briefly highlight key milestones achieved in commercial performance. Please outline the plan in place to sustain your ongoing financial success and what you believe will drive growth going forward 
  • Please provide a top line revenue and net profit figure for the current year, previous year and prediction (if possible) for the next year of trading. This question will relate to the financial performance element of the criteria, which represents 10% of the overall score

Last year's judges

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6 Results

Previous winners

JEFF PATERSON & OLIVER DU TOIT , FOUREX - THE DUKE OF YORK NEW ENTREPRENEUR OF THE YEAR

“Sometimes the best ideas are the ones that are the most obvious.Fourex ticked all the boxes to win the New Entrepreneur of the Year Award, they impressed the panel with how well the concept had been thought through and then executed.  Their relentless drive for innovation has culminated in an outstanding product and a deserving winner.”

ABOUT THIS AWARD

Celebrating the potential that exists within leaders of the UK’s most promising start-ups. We focus on the market opportunity identified, the model to capitalise on it, and how it has been executed within the first 18 months of trading.

Entries are now closed for 2017

Why enter

Find out more on how entering and being shortlisted highlights your business achievements a national audience.

Find out more

 

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SPONSORS

Headline sponsor

LLoyds

Award sponsor

Amazon

Award Sponsor

Keys Concierge

AWARD SPONSOR

The Grichan Partnership

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Howard Kennedy

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Inflexion

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Samsung

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Smith & Williamson

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BA

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Official Partner

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Official Partner

Charities Aid Foundation

Official Partner

The Supper Club

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Comma Group

Official Partner

The Supper Club