Professional services organization EY announced the five recipients of its 16th EY Entrepreneur Of The Year (EOY) 2017 Singapore awards, in the following categories:
- EY Entrepreneur Of The Year – Maritime Technology Solutions
Mr. Chia Yoong Hui, Founder, Chairman and Chief Executive Officer, and
Mr. Sia Teck Chong, Co-founder, Director and Chief Technical Officer,
Ascenz Pte Ltd - EY Entrepreneur Of The Year – Financial Services Technology Enablement
Mr. Lennon Tan, Group Chairman, JK Tech Group - EY Entrepreneur Of The Year – Advanced Manufacturing
Dr. Shi Xu, Chief Executive Officer, Nanofilm Technologies International Pte Ltd - EY Entrepreneur Of The Year – Diversified Engineering
Mr. Derrick Yap, Chief Executive Officer, PBA International Pte Ltd
Top winners of the EY Entrepreneur Of The Year™ 2016
Chairman of the judging panel, Dr. Robert Yap, also Executive Chairman of YCH Group Pte Ltd comments on the winners this year:
“This year’s award winners are leading the way in harnessing the power of digital disruption. These entrepreneurs have shown savviness in using technology, not just as an add-on, but as a transformative force to reinvent business models, elevate business performance and redefine the boundaries of their industries. Through their adoption of smart technology and data analytics, they are delivering innovative solutions that have fueled their company’s growth beyond Singapore.”
Mr. Max Loh, EY Asean and Singapore Managing Partner, Ernst & Young LLP, explains how the winning entrepreneurs embody the award’s theme of “Leading through disruption”. He says:
“The winning entrepreneurs combine creativity and technology to develop new products and services, drive the adoption of emerging technologies and move their businesses up the value chain.
“Yoong Hui and Teck Chong pioneered the application of analytics to the maritime industry. Through their suite of solutions, they are helping the maritime industry make better decisions in increasing fuel savings and optimizing vessel performance.
“When faced with disruptions in his industry, Lennon demonstrated fortitude and foresight in seizing opportunities to shift his business from a distributorship to a manufacturer of technological solutions.
“Shi Xu identified the commercial values of his patented FCVA technology despite having no business experience. Sacrificing his career as an academic to start his company, he pursued his entrepreneurial vision to bring his idea to the marketplace, where his technology is now used for a wide variety of industrial applications.
“Derrick has evolved his family trading business through strategic acquisitions and R&D investments in emerging technologies. While there were considerable risks and costs involved in being an early adopter of technology, this has helped the business gain a head start in the Industry 4.0 manufacturing race.”
For more information: http://www.ey.com