ENTRY REQUIREMENTS

1) Eligibility Requirements for All Awards except Rising Star Award

In order to qualify as an applicant for any of the award categories listed except for the Rising Star Award, local enterprises must meet the following requirements:

  • Not part of a multinational* group;
  • Not part of a listed** group;
  • A company duly incorporated in Malaysia in accordance with the Companies Act,2016;
  • Foreign equity holding does not exceed 50%;
  • Company has not submitted any proposal for initial public offering (IPO) up to the closing date of SOBA which is 19 October 2018;
  • Must submit audited financial statements for past three (3) consecutive financial years; and
  • Companies that have won the Platinum Award three years in a row in the same category shall observe a one-year cooling off period before applying for that category again.

2) Eligibility Requirements for Rising Star Award

  • Not part of a multinational* group;
  • Not part of a listed** group;
  • A company duly incorporated in Malaysia in accordance with the Companies Act, 2016;
  • Foreign equity holding does not exceed 50%;
  • Must submit latest audited financial statement or management accounts; and
  • Have been in operations for less than three (3) years; and
  • Past winners of Rising Star are not eligible to apply.

Note:

*    'Multinational' refers to foreign-owned companies and brands with operations in multiple geographical locations. Malaysian-owned companies operating in multiple geographical locations are eligible to apply.

*   Where the business is a franchise, the Franchisor, not the Franchisee, should apply. The Franchisor should be Malaysian.

**  Not a holding company, related company or associated company of a public-listed group, including previously listed companies except where the previously listed company has been de-listed for more than 5 years.

3) Eligibility Requirements for Entrepreneur of the Year Award

A. Male

  • He must be a Malaysian citizen running the company
  • Individual must be an owner / largest shareholder who is mainly responsible for the recent performance of the company, that is at least three (3) years old
  • Past winner of Entrepreneur of the Year (Male category) shall observe a one - year cooling off period before applying for the same category
  • He must be at the age of above 35 by 19 October 2018

4) Eligibility Requirements for Entrepreneur of the Year Award

B. Female

  • She must be a Malaysian citizen running the company
  • Individual must be an owner / largest shareholder who is mainly responsible for the recent performance of the company that is at least three (3) years old
  • Past winner of Entrepreneur of the Year (Female category) shall observe a one -year cooling off period before applying for the same category
  • She must be at the age of above 35 by 19 October 2018

5) Eligibility Requirements for Entrepreneur of the Year Award

C. Young

  • Individual must be a Malaysian citizen running the company
  • Individual must be an owner / major shareholder who is mainly responsible for the recent performance of the company that is at least three (3) years old
  • Past winner of Entrepreneur of the Year (Young) is not eligible to reapply for the sub-category but may apply for the Entrepreneur of the Year (Male or Female ) subcategory if the requirements above are met.
  • Individual must be at the age of 35 and below by 19 October 2018

AWARD TIMELINE

  • 18 May

    Announcement of SOBA 2018

  • 18 Jul

    SOBA LAB - Penang

  • 25 Jul

    SOBA LAB - Ipoh

  • 1 Aug

    SOBA LAB - Johor

  • 8 Aug

    SOBA LAB - Petaling Jaya

  • 19 Oct

    Deadline for entries / applications

  • 7 Nov

    Judging of entries

  • 17 Jan 2019

    Awards Night Ceremony