CELEBRATING THE CHAMPION OF BUSINESS
- Awards Dinner - Tuesday 28 May
- 6.00pm - 10.00pm
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Award categories
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Awards Program
CommBank Young Hero Awards are open for nominations, featuring four new categories this year. The 14 categories aim to honor Australia’s young entrepreneurs and business leaders. Winners will be revealed at a Gala dinner during the opening of CommBank SmallBiz Week 2024, attended by the small business community, VIPs, media, and relatives.
Awards Timeline
Nominations
Open
NOMINATE HERE
Nominations
Close
6 May
Finalists
Announced
13 May 2024
Awards
Dinner
28 May 2024
2024 Awards Category
6 Individual / Entreprenuer Awards
Indigenous Entrepreneur of the Year
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Indigenous Entrepreneur of the Year
Judging criteria:
- Evidence of industry leadership: Demonstrates leadership in the Indigenous economy and broader business community with evidence of thought-leadership, advocacy, and mentorship and making a positive impact in the market.
- Evidence of driving the indigenous economy: Demonstrate strong financial performance, including metrics such as revenue growth, profitability, jobs creation, and market share and evidence of a growing customer base.
- Successful business strategy: include a clear and concise business plan that outlines the company’s vision, mission, future plans and values, as well as a strategy for achieving its goals.
Social Impact Entrepreneur of the Year
Sponsored by
Social Impact Entrepreneur of the Year
Judging criteria:
- Evidence of social impact and goals: Evidence of a clear and concise social impact mission and goals, this could include metrics such as number of people served, social problems addressed, and/or environmental impact.
- Evidence of successful social enterprise initiatives: could include examples of social enterprise initiatives, such as fair-trade practices, employment opportunities for disadvantaged groups, or investments in sustainable technologies.
- Proof of strong, successful leadership: Evidence of the entrepreneur’s successful leadership of their social enterprise. This could include metrics such as business growth, employee satisfaction, and customer satisfaction.
Retail Leader of the Year
Retail Leader of the Year
Judging criteria:
- Evidence of a successful retail business: Demonstrate strong financial performance, including metrics such as revenue growth, profitability, and market share and evidence of a growing customer base.
- Evidence of retail innovation: development of new products and services, the implementation of new technologies, the creation of unique shopping experiences, and/or successful execution of retail innovation initiatives.
- Proof of strong leadership within the retail industry: Demonstrated thought-leadership, advocacy, and mentorship. Provide evidence of the company’s positive impact on the retail community.
Social Impact Entrepreneur of the Year
Sponsored by
Social Impact Entrepreneur of the Year
Judging criteria:
- Evidence of social impact and goals: Evidence of a clear and concise social impact mission and goals, this could include metrics such as number of people served, social problems addressed, and/or environmental impact.
- Evidence of successful social enterprise initiatives: could include examples of social enterprise initiatives, such as fair-trade practices, employment opportunities for disadvantaged groups, or investments in sustainable technologies.
- Proof of strong, successful leadership: Evidence of the entrepreneur’s successful leadership of their social enterprise. This could include metrics such as business growth, employee satisfaction, and customer satisfaction.
5 Business/Team Awards
Outstanding Growth Award
Sponsored by
Outstanding Growth Award
Judging criteria:
Evidence of rapid growth: Evidence of fast growth within the last 24 months, such as revenue growth, customer growth, and employee growth. This could include metrics such as percentage increase in revenue, number of new customers acquired, and number of new employees hired.
Proof of profitability: Evidence of profitability and successful growth, such as profit margins, sales generated, and financial statements. This could include metrics such as net profit margin, gross profit margin, and return on investment.
Scalability and resilience: Evidence of the company’s ability to scale and maintain its growth trajectory and the plan for future growth, as well as how it has overcome challenges in the past.
Excellence in Customer Service
Excellence in Customer Service
Judging criteria:
Evidence of high customer satisfaction: Evidence of high customer satisfaction ratings, such as Net Promoter Score (NPS), customer satisfaction surveys, and customer reviews.
Customer-centric business model: Evidence of a commitment to putting the customer first, such as customer-centric values and strategies, and customer feedback mechanisms.
Customer service excellence: Evidence of outstanding customer service and customer experience, such as well-documented case studies, customer testimonials, and employee training programs.
Family Business of the Year
Family Business of the Year
Judging criteria:
Proof of family-led business power-sharing: Evidence of a strong family culture and a commitment to power-sharing of family members within the business.
Evidence of business success: Evidence of business success, such as profits, market share, or industry recognition. This could include metrics such as revenue growth, profit margins, customer satisfaction ratings or strong customer base.
Community building and economic contribution: Evidence of the business’s contribution to the local community and the Australian economy, including metrics such as the number of jobs created, involvement in community initiatives and its support for local suppliers.
Get ready for a night of celebration
inspiration and recognition at the CommBank Young Hero Awards dinner as we honour the outstanding achievements of our young entrepreneurs!
- Why attend?
- ► Be part of the official opening event for CommBank SmallBiz Week 2024
- ► Join us for a three-course meal and awards program
- ► Watch as Young Hero winners are announced and presented with their awards
- ► Mingle with like-minded individuals who share your passion for entrepreneurship.
- ► Network with entrepreneurs and VIP guests. The event is attended by the business community, VIP guests, media, friends, and family
2023 Award Judges
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