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Thursday, 04 September 2014 09:50

Introducing FNB Business Innovation Awards

20140904 FNB-Innovation-awards Logo-green 210Johannesburg, 3 September 2014 –FNB Business in partnership with Endeavor South Africa has announced the launch of the FNB Business Innovation Awards to recognise and celebrate companies that continue to forge unique ways of doing business.

“The purpose of these Awards is to recognise the growth that the entrepreneur has achieved for their business and the potential of significant scalability through leveraging the Endeavor network. FNB understands that outside of financial considerations, businesses should be recognised, and given access to expert guidance and global mentorship in order to achieve their goals”,said Michael Vacy-Lyle, CEO of FNB Business.

Facilitated by Endeavor South Africa, the selection criteria of the Awards will focus on businesses that are able to meet the following key areas:

  • •  Development impact: Exhibit high-growth potential and the capacity to add substantial economic as well as strong potential to create a number of high-value jobs;
  • •  Business Innovation: Demonstrate real innovation that has the potential to change the way an industry operates locally and/or internationally;
  • •  Fit with FNB and Endeavor: Be interested in accepting advice and support from FNB and Endeavor as well as contributing to the Endeavor network.

Factors such as brand and reputation, stakeholder relations and goodwill, environmental sustainability, social responsibility, and quality of governance are all taken into account.

Board member of Endeavor South Africa, Paul Harris, says, “The FNB Business Innovation Awards supported by Endeavor are a real opportunity for high-impact entrepreneurs to unleash their potential. Endeavor’s extensive experience in working with high-impact businesses is perfectly complemented by FNB’s commitment to innovation. This is a necessary platform for every business that has an ambition to become a successful global business”.

The winner of the FNB Business Innovation Awards will get an opportunity to participate in the coveted three-day Endeavor International Selection Panel (ISP). The ISP brings together high-impact entrepreneurs to have their business evaluated by world-class business leaders and for the opportunity to become part of an exclusive global network.

Innovation is a theme that remains central to FNB’s business philosophy. We believe that innovation is a key driver of business growth and scalability. It contributes to our philosophy of creating a better world through high quality job creation. The Bank continues to lead the South African banking sector through innovative solutions for its customers. In 2012, FNB became the first South African bank to be named the World's Most Innovative Bank of the Year at the BAI-Finacle Global Banking Innovation Awards held in the United States.

Vacy-Lyle adds, “The FNB Business Innovation Awards are an extension of the Bank’s commitment to addressing modern business and economic challenges. We challenge established businesses to enter the Awards to inspire them to think bigger.”

The entries for the FNB Business Innovation Awards open on 1 October 2014. Entries can be submitted online via the website www.fnbbusinessinnovationawards.co.za.  The closing date for entries is 12 December 2014 and the inaugural winner will be announced in May 2015. ENDS

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