In Singapore, prize is often seen as a way to recognise the efforts of individuals or companies that have gone above and beyond. But it is also a mechanism to spur innovation and create an environment that encourages excellence in specific sectors. Here are some of the main prize schemes that the government offers:
Unlike other global competitions, this is not for a single organisation or business, but rather for owner-managers of privately held, Singapore-based companies that see themselves reframing their businesses with fresh new angles. A judging panel will assess nominations on their success, impact and dynamism, among other key areas, to select winners.
The first-ever Singapore History Prize will be awarded to a book on the history of the city-state, or a work that explores a particular aspect of Singapore’s history. The prize comes with a grant of up to S$50,000. It is open to any book-length publication in English (or a translation) that has made a significant contribution to our understanding of the past.
A panel of judges – including Singapore-based researchers and academics – will review nominations and select the winner. It will be announced in October 2024.
This prize honours organisations and individuals who have done good works in their communities over a sustained period of time. It is a way to recognise their commitment and dedication to the common good, while encouraging others to do more of the same.
The winner will receive a grant of up to S$50,000, and will be announced in October 2024. The prize recognises the work of organisations and individuals that have contributed to building a better, more inclusive society, and reflects the Government’s emphasis on inclusivity and social cohesion.
The inaugural event was organised by the Singapore Economic Development Board, in partnership with the National University of Singapore’s Centre for Entrepreneurship and Leadership. It was attended by over 300 people from the region and featured a keynote speech by Dr James Kwok, founder of The Asian Institute at NUS. It also highlighted the importance of a culture of innovation and creativity, which will help Singapore remain a leading global economy in the future. It will be held again next year.