Participation Requirement

The short listing of applicants is based on the following requirements:

  • Participant must be Teochew
  • Participant must be a Singaporean or Permanent Resident above the age 21
  • Locally incorporated company (can be group or subsidiary of a group, can be registered as a sole proprietorship, partnership, limited partnership, limited liability partnership or private limited company in Singapore)
  • Participant must be a founder, owner or shareholder of the company
  • At least 30% local shareholding
  • Company to have a turnover of
    • At least SGD10M for Prestige award
    • At least SGD1M for Promising award
  • 3 years audited financial statements (for Prestige award category only)
  • Non-government/Temasek link
  • Demonstrate outstanding entrepreneurial qualities in growing and developing the business