Family Business Young Entrepreneurs Honors
Family Business Young Entrepreneurs Honors
Congratulations to Simon Torres, our 2010 winner!
|The Family Business Young Entrepreneurs Honors recognize successful young business people who serve as an example and inspiration to others. At Chicago Summit, Simon Torres, Grupo Contempo, revealed the dreams and stories behind his business : Creativo F.C
|Creativo Football Club was born from the passion that the founders feel for football and social awareness. It intends to be in the long run a professional football team and a source of great players that will not only be characterized by their skills but also for their integrity as persons with values, ethics and education.|
Click here to know more about Simon's project
|The Family Business Young Entrepreneurs Honors 2010 has been made possible thanks to our generous partners Chopard and The Family Business Center of Loyola University Chicago.|
You are a young innovator and would like to boost your project?
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More info on the 2011 Young Entrepreneurs Honors coming soon.
About the Family Business Young Entrepeneurs Honors
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.
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 for 2011
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.
The Family Business Center of Loyola University Chicago (the U.S. Chapter of FBN) is an inter-disciplinary Center of Excellence dedicated to serving multi-generational mid- to large-sized family businesses. The Center provides transformational learning experiences aimed at increasing effectiveness in planning, problem solving, and preparing current and future generations of family business owners and managers. Peer Advisory Groups, leadership and stewardship institutes, and a number of conferences, seminars and Webinars are available to help preserve your family's tradition while also preparing a vision for its next great chapter. For more information, visit LUC.edu/fbc. We are proud to support the Young Entrepreneur Honors.
Edouard Thijssen and Edouard Janssen, the founders of Younited
For presentation please email firstname.lastname@example.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.