IT WAS a night to remember for some of the region’s most innovative and sustainable companies at the 2024 Emerging Enterprise Awards, held on Oct 24 at The Ritz Carlton Millenia Singapore.
Eight budding companies from Singapore, Hong Kong and Indonesia took home the top honours at the 17th edition of the awards, which was open to businesses across the region for the second year running.
Under the Emerging Enterprise Awards category, Singapore-based Kskin Management and Pancare Medical, as well as Hong Kong-based Fano Labs, impressed judges with their consistent, significant and sustainable growth, as well as the ability to scale and expand overseas.
Kskin Management offers pay-per-visit 15-minute facial treatments; Pancare Medical provides medical services at general practitioner clinics and healthcare projects; and Fano Labs develops artificial intelligence (AI)-driven language solutions.
The Emerging Enterprise Sustainability Awards went to Singapore-based Pyxis Maritime and RushOwl Singapore, as well as Indonesia-based PT Peduli Alam Nusantara.
The three firms were lauded for embedding sustainability in their operations and driving the transition towards low-carbon economies. Pyxis specialises in maritime electrification; RushOwl provides demand-responsive and self-optimising bus pooling services; and Plana converts plastic and husk waste into a sustainable material.
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The Most Promising Sustainability Startup Awards – which recognises businesses for their unique and commercially viable ideas with long-term potential – were conferred on Singapore-based Life Lab Resources and The Powder Shampoo. The former is revolutionising food waste management, while the latter produces eco-friendly, powder-to-foam personal care solutions.
Senior Minister of State for Trade and Industry Low Yen Ling, who was the guest of honour at the gala dinner, highlighted how emerging enterprises are always quick to embrace and trailblaze the latest trends.
She noted that this year’s awards attracted nearly double the number of entries compared to 2022, with over 650 applications received from a mix of high-growth industries, including biotech, medtech, sustainable energy, and food and beverage.
Jointly organised by The Business Times and OCBC, the awards aim to recognise business innovation, resilience and excellence of small and medium-sized enterprises under 10 years old.
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