Description
The ABEX Award for New Venture is presented to a new business venture that has been in existence for one to three years and has demonstrated exceptional performance in terms of current or expected profitability, job creation, and entry into new markets. Judging criteria emphasizes financial metrics, the unique nature of the new venture, and its significant impact on job creation and market expansion. This award acknowledges the success and innovative contributions of the winning new venture to the business landscape.
Requirements
- Must be a for-profit business.
- Must be financially viable.
- Must be operating in Saskatchewan for a minimum of one (1) year and a maximum of three (3) years at the time of applying.
- Showcase the development of strategies and projections for future success.
Criteria
| Financial Statements |
| Safety Plan (Pass/Fail) |
| Overall Application Quality |
| Initial strategy and business plan |
| Success goals and means |
| Required Investments and Impact |
| Sales with Projections |
| FTE Employees and Workforce Evolution |
| Long-term strategy |