Review Process for PEACE Eminent Entrepreneur Award

The review process for the PEACE Eminent Entrepreneur Award is designed to ensure a thorough and impartial evaluation of nominees. Here's an overview of the process:

Nomination Phase: The process begins with the acceptance of nominations from women entrepreneurs in Madurai City from Green Fem Producers and from local women entrepreneurs. Nominations are carefully reviewed for eligibility and completeness. You can nominate yourselves if you are a woman entrepreneur or nominate others.

Panel Selection: PEACE selected a diverse panel of experts and leaders, including members of the PEACE board, to serve as the review committee.

Chief Judge

Dr. Sonia Selwin, Founder & President PEACE

Judging Panel Members

• Selwin Peter, VP Finance, PEACE
• Sharon Hamel, VP, Marketing & Communications, PEACE
• Dr. Manisha Deepak, VP, Development & FundRaising, PEACE
• Elamathi Arul, Managing Director, Green Fem Producers Company

Application Review: Nominees are invited to submit detailed applications. These applications provide a comprehensive overview of their entrepreneurial journey, achievements, and impact.

Evaluation Criteria: Each award category (Eminent Entrepreneur, Resilient Entrepreneur, Visionary Entrepreneur, Innovative Entrepreneur, Change Maker Entrepreneur, Enterprise Icon) has specific evaluation criteria, which are applied consistently during the review process.

Scoring and Ranking: The expert panel evaluates nominees based on the established criteria, assigning scores for each criterion. Nominees are ranked according to their scores. (Check the criteria and rubric)

Finalist Selection: The highest-scoring nominees in each award category become finalists. The panel conducts further discussions and evaluations to select the award recipients. While decisions will primarily be based on the degree of success achieved, we also aim to provide support to women entrepreneurs facing challenges. Therefore, in addition to the 6 awards, we will also present a number of consolation prizes (cash awards) to those entrepreneurs who have shown persistence and resilience.

Recipient Announcement: The award recipients are officially announced and recognized during a prestigious PEACE awards ceremony, celebrating their outstanding contributions to the world of entrepreneurship. The award ceremony will have three government officials as its distinguished guests.

Criteria for Selection

The PEACE Eminent Entrepreneur Award program recognizes excellence in various categories. Here are the key criteria for each award category:

Eminent Entrepreneur Award:

• Exceptional resilience in the face of challenges
• Innovative and visionary approaches
• Lasting impact on the business world

Resilient Entrepreneur Award:

• Demonstrated resilience and adaptability
• Perseverance in overcoming challenges
• Success in building a sustainable business

Visionary Entrepreneur Award:

• Extraordinary foresight and innovative thinking
• Ability to anticipate and drive progress
• Track record of implementing groundbreaking ideas

Innovative Entrepreneur Award:

• Introduction of creative and unconventional approaches
• Development of innovative solutions or products
• Tangible positive impact on the industry

Change Maker Entrepreneur Award:

• Commitment to driving social or environmental change
• Leadership in addressing societal challenges
• Creation of sustainable solutions for societal impact

Enterprise Icon Award:

• Exceptional leadership and enduring impact
• Iconic status within the business world
• Inspiration and influence on others through achievements and legacy

PEACE Eminent Entrepreneur Award Nomination Rubric

Criteria 1: Occupational Background and Experience

Description: Evaluate the nominee's prior occupation/business and years of experience.
Score:

• 0: Unrelated occupation or limited experience.
• 1-2: Somewhat related occupation or moderate experience.
• 3-4: Related occupation or substantial experience.
• 5: Highly relevant occupation or extensive experience.

Criteria 2: Motivation for Entrepreneurship

Description: Assess the nominee's motivation for starting their own business.
Score:

• 0: Motivated primarily by external factors.
• 1-2: Mixed motivations, including personal interest.
• 3-4: Driven by personal interest and financial goals.
• 5: Entrepreneurship driven primarily by personal passion and commitment.

Criteria 3: Utilization of Innovative Ideas/Technology

Description: Evaluate whether the nominee's business utilizes innovative ideas or information technology.
Score:

• 0: No utilization of innovative ideas or technology.
• 1-2: Limited use of technology or innovation.
• 3-4: Moderate use of technology or innovative approaches.
• 5: Extensive use of technology and innovative strategies.

Criteria 4: Income Progression

Description: Assess the nominee's income progression from prior to starting the business to the first year and the year 2022.
Score:

• 0: Minimal income progression.
• 1-2: Moderate income improvement.
• 3-4: Substantial income growth.
• 5: Significant income advancement.
Criteria 5: Business Size and Growth

Description: Evaluate the size of the nominee's business and its growth.
Score:

• 0: No employees and limited growth.
• 1-2: Few employees and slow growth.
• 3-4: Moderate workforce and steady growth.
• 5: Significant workforce and impressive growth.
Criteria 6: Market Reach

Description: Assess the extent of the nominee's market reach (local, national, international).
Score:

• 0: Limited market reach (local only).
• 1-2: National market reach.
• 3-4: International market presence.
• 5: Global market reach.
Criteria 7: Challenges Faced

Description: Identify the challenges and obstacles currently faced by the nominee.
Score:

• 0: Few or no significant challenges.
• 1-2: Some challenges with limited impact.
• 3-4: Significant challenges, including competition or funding issues.
• 5: Multiple substantial challenges, including work-life balance and gender bias.
Criteria 8: Awards and Recognitions

Description: Evaluate whether the nominee has received awards or recognition for their work.
Score:

• 0: No awards or recognition.
• 1-2: Received some awards or local recognition.
• 3-4: Received notable awards or regional recognition.
• 5: Received prestigious awards or national/international recognition.
Criteria 9: Licensing and Compliance

Description: Assess the nominee's awareness of licensing and statutory requirements.
Score:

• 0: Limited awareness and non-compliance.
• 1-2: Basic awareness but non-compliance.
• 3-4: Compliance with most requirements.
• 5: Full compliance and proactive approach to licensing and regulations.
Criteria 10: Business Forum/Organization Membership

Description: Determine if the nominee is a member of any business forum or organization.
Score:

• 0: Not a member of any business forum or organization.
• 1-2: Member of a local or informal group.
• 3-4: Active member of a recognized business organization.
• 5: Leadership role in a prominent business association.
Criteria 11: Business Category

Description: Identify the category under which the nominee's business falls.
Score:

• 0: Business category not specified.
• 1-2: Standard business category (trading, production, service).
• 3-4: Unconventional or specialized business category.
• 5: Highly unique or innovative business category.