sgp prize is an award given annually by the Singapore Government to a person or organisation that has made a significant contribution to the development of Singapore. The award is based on the advice of a panel of judges which consists of representatives from various sectors of society. This year, a special recognition was awarded to a team that has developed an innovative platform to support the development of youth in Singapore. This recognition was in the form of a grant worth S$250,000.
The prize was named in honour of the late Prime Minister Lee Kuan Yew, who was instrumental in the nation’s economic and social development into what it is today. It is a way to recognise Singapore’s most promising and hardworking young talent and encourage them to continue their efforts in pursuing success in various fields.
One of the main aims of the prize is to promote entrepreneurship amongst Singaporeans. By encouraging young people to become entrepreneurs, the prize will create jobs in the economy and boost growth. This will also help in addressing the problem of unemployment, which is an important issue for Singapore at present.
There are a number of criteria that need to be fulfilled in order to be awarded the prize. For example, a business must demonstrate that it has been in operation for at least two years and that it has annual revenue of at least S$100,000. In addition, it must have demonstrated sustainable financial growth over the past five years. The company must also have a good track record in corporate governance and compliance. The final selection is made based on the quality of the application, the recommendations of the judges, and the strength of the business plan.
The award is a great opportunity for entrepreneurs to gain recognition for their work and to receive funding to expand their businesses. The winners will be given a catalytic grant of up to S$1 million to scale their projects and help improve the lives of people around the world. The awards ceremony will be held at the sgp house in November.
For the first time, the prize was opened up to non-Singaporeans, who can now submit their entries online. The call for submissions is now open and closes on 20 May. In this year’s competition, the judges have selected 26 entries to win the prize. The NUS Singapore History Prize received the most submissions this year, and was won by Reviving Qixi: Singapore’s Forgotten Seven Sisters Festival by Lynn Wong and Lee Kok Leong, with Theatres of Memory: Industrial Heritage Of 20th Century Singapore by Loh Kah Seng, Alex Tan, Koh Keng We, and Tan Teng Phee taking the first runner-up.
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