Wales needs to be a country that fosters a culture of entrepreneurship where new businesses are given the encouragement and support they need to grow and become a successful, sustainable business. With this award we are recognising the hard work of entrepreneurs in starting new businesses.
The award is open to businesses based in Wales that have been trading for less than 12 months (dated from first invoice sent) at 30 September 2016.
The winner of the award will be able to demonstrate a clear rationale for starting the business and that in-depth market research was conducted beforehand. They will also need to show strong commercial performance and financial results since trading commenced and be able to demonstrate how they overcame the challenges they have faced. The successful business will also be able to explain their vision for the future and show potential for growth.