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Located on the campus of The University of Alabama

2007-2008 Young Entrepreneur of the Year Award

Purpose

To recognize excellence in for-profit leadership and to showcase outstanding business planning and success through entrepreneurship in Alabama.

Eligibility

All Alabamians who generate economic impact through entrepreneurial ventures in any number of means (including, but not limited to, managing or owning a business, demonstrating transformative leadership, or innovatively adding significant value to a business) are encouraged to apply.  Nominees should be between ages 18-30 and have worked in their entrepreneurial ventures for a minimum of one year. 

Award

The winning entrepreneur and three guests of his or her choosing will be invited to a banquet where he or she will be announced as the award winner and presented with an award at the Entrepreneurship Week Banquet, Thursday, February 28, 2008.

Criteria

  1. The entrepreneur demonstrates leadership, passion, and a clear vision in his or her work.
  2. The entrepreneur demonstrates originality in all areas of business, especially product/service offerings and business planning.
  3. The entrepreneur contributes to the private enterprise system in ways that are inspiring to others.
  4. The entrepreneur’s work is a model for others and has an economic impact.
  5. The entrepreneur conducts business with the highest order of integrity.
  6. The entrepreneur demonstrates overall talent in the field of entrepreneurship through notable entrepreneurial characteristics, measurable results, and escalating successes and achievement.

Process

Applications for the 2007-2008 award are now being accepted from all eligible applicants.  The nominee may submit applications personally; or a third party may submit an application on the nominee’s behalf.

Deadline for all nominations is January 31, 2008.  Please send entries to the following address:

            ATTN:  D.M. Ford
            Box 870225
            Tuscaloosa, AL 35487

Submission Requirements

All nominations must include the following components:

  1. Application Form
  2. 1-2 Page Nominee Résumé

Optional

  • May submit additional 1-3 pages of supporting documents evidencing how the nominee meets the criteria and why he or she is deserving of the For-Profit Entrepreneur of the Year award.  Documents may include biographical sketches, letters of recommendation, press releases, or any others that help demonstrate the candidate’s entrepreneurial qualifications.