Family Business Young Entrepreneurs Honors Family Business Young Entrepreneurs Honors by FBN Foreword The business world is tough: success needs creativity, skills and perseverance. But success also requires support. The Family Business Network promotes family business values by sowing the seeds of entrepreneurship, and cultivating young, visionary innovators who are reinventing their family businesses. For this second edition, The FB young entrepreneurs’ Honors champions young family business members who successfully contributed to renew or to perpetuate their family business. The 2010 Young Entrepreneurs Honors winner will be invited to present his project and receive his award during the FBN-I Summit in Chicago, Sept 28-2nd October 2010. Mission and objective Demonstrate how innovation can keep family business vibrant Identify and support young innovators Encourage next generations in their entrepreneurial path Favor cross-generation learning Why apply to the Young Entrepreneurs Honors? The winner will benefit from: Opportunity to present his project at FBN-I Summit and to network with the 400 family businesses that will join. Financial support Coaching support from best academic experts and leading managers, depending on the project needs Who can apply? Candidates must be: Aged between 18 and 40 Member of a Family Business Candidates do not have to be necessarily active in the family business Submissions will be accepted from individuals or teams What kind of project is awarded? The project should show innovation, either in product, process, management or governance The project should contribute to renew or perpetuate the family business (eg: on social, financial, economic levels). The project should be already implemented and demonstrate some results. The project can be either for profit or non for profit How will the projects be evaluated? A panel of family business senior representatives, young entrepreneurs and academics will review the candidacies. The jury will evaluate projects according to fixed criteria: Innovation: degree of innovation shown by the overall business concept Family business orientation: how far the project perpetuate or renew the family business Sustainability: impact on the business and outlook for long-term success Impact: effect of the project on the immediate and wider environment and society Quality and clarity of the project Profile of the young entrepreneur: vision, enthusiasm, perseverance showed Example of project that can be awarded - Launch of new product / new branch - Inventor of new patent - Innovative way to solve issues - New product making process - New organisation / management structure - Launch of innovative marketing / communication - … Selection Process March 2010 – Call for applications 12th April 2010 – Candidates should show interest by writing to Christine Gaucher at cg@fbn-i.org 30th June 2010 – Closing of online applications The jury elects the winner How to submit your candidacy? 1- Show interest before 12th April 2010 via email to cg@fbn-i.org 2- Submit your project before 30th June 2010 by filling in the online application form Click here to submit your project now Prizes The winner will receive: Financial support (5 000 euros reward) Coaching support from world class academics Opportunity to present his project at FBN-I Summit in Chicago Supports The Young Entrepreneurs Honors 2010 are generously supported by: For 150 years, Chopard has remained an independent family business. Under the leadership of Karl and Karin Scheufele, as well as of their two children, Karl-Friedrich Scheufele and Caroline Gruosi-Scheufele, the current co-presidents, the House has enjoyed spectacular development. It enjoys international renown as one of the largest names in the luxury watch and jewellery industry. Chopard can also lay claim to equal mastery in the fields of the Haute Joaillerie and Haute Horlogerie, while combining traditional expertise, the use of new technologies and constantly renewed innovation. Respect for time-honoured techniques, technical know-how and precision workmanship continue to govern the company work ethic. Eager to safeguard its traditions, Chopard naturally invests in the in-house training of its personnel: the company trains a number of apprentices and encourages the passing on of skills and knowledge. Over the years, Chopard is careful to preserve the values on which the firm has built its success: its family management, its duty to attain excellence, its perpetual inventiveness and its respect for traditions. Synonymous as ever with quality and creativity, Chopard models embody a blend of age-old watchmaking expertise and cutting-edge technologies, a quest for perfection and passion, tireless innovation and imaginative jewellery-making. This year, the House of Chopard is celebrating its 150th anniversary. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Congratulations to our 2009 Winners! Our first edition's winners revealed the dreams and stories behind their businesses at Amsterdam Summit. FBN International would like to congratulate these winners. 2009 first winners of the Family Business Young Entrepreneurs Honours are: Edouard Thijssen and Edouard Janssen, the founders of Younited For presentation please email cg@fbn-i.org Roberto Sirotsky, the founder of 3YZ Digital Performance Agency Click here to view the presentation Importantly, both the winning businesses have the potential to renew and add to the existing activities of the founders' families. They also demonstrate high levels of creativity and sustainability. In 2009, The Family Business Young Entrepreneurs Honours has been made possible thanks to our partner IMD - a leading global business school that has generously offered a seat on its Leading the Family Business program and thanks to the generous support of Chopard. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>