The Phoenix 2001 award seeks to acknowledge technology-related entrepreneurs who have weathered the storm prior to success.
Although the nominee’s business need not be incorporated in Singapore, it must have a local presence. The primary requirement is that the company be involved in a technological venture--which can encompass any industry.
The award is spearheaded by the Economic Development Board (EDB) of Singapore with panelists from Ernst & Young; White & Case, Colin Ng & Partners; Keppel TatLee Bank and the Singapore Venture Capital Association.
Nominees will be evaluated on how they overcame obstacles and past business failures to find "success" using technology.
The Phoenix Award will be presented on September 19, 2001 at the TechVenture Asia 2001 forum.
Last year, the inaugural Phoenix Award was bagged by Yong Voon Fee, founder, chairman and CEO of BeXcom.
More information on the nomination procedure can be found at the award's Web site, which will go live by noon, the EDB said.