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EOY Frequently Asked Questions

  • What’s the nomination timeline?

    Nominations run from March 1 until April 19, 2024.

  • Who can be nominated?

    • The nominee must be an owner or CEO of a private or public company, primarily responsible for the company’s recent performance and an active member of top management.
    • Non-founding entrepreneurs are also eligible if the individual manages the business and assumes the associated risks.
    • Co-nominees are eligible if they share leadership responsibilities at the company.
    • The nominee must have been in their current role for at least two years, dating back from the time of the application deadline in April.
    • The nominee’s company must be at least three years old. 
    • The nominee's headquarters must be in the region where the nomination is submitted.

  • Who can submit a nomination?

    Anyone who is associated with an entrepreneur in some capacity — including an employee, banker, lawyer, manager, spouse, friend, marketing coordinator or customer. You can also nominate yourself — because after all, who knows your success story better than you?

  • What are the guidelines if a past participant wants to re-enter the program?

    All nominees must meet the eligibility criteria listed on the website. Past nominees and finalists may re-enter the program at any time, however for past regional, national and overall Canadian EY Entrepreneur Of The Year winners, additional rules apply:

    • All prior regional and/or national level winner recipients are eligible to re-apply after a five-year period from the year that the award was received.
    • Canada's EY Entrepreneur Of The Year winners can't re-enter the program at any time, regardless of when they won, unless they're entering with a completely new company.

  • Can I have someone on my team complete the nomination form on my behalf?

    Yes. Most times, businesses have established shareholder relations or marketing departments that have already compiled most of the required information. Your company may delegate the preparation of the nomination responses to someone in your organization.

  • Why participate?

    • Join a global community and connect with innovative and influential business leaders cutting across all industries and sectors.
    • Access peer-to-peer learning experiences, workshops and roundtable discussions with others in the EY Entrepreneur Of The Year ecosystem.
    • Celebrate and recognize the team and support network that helped your entrepreneurial journey.
    • Elevate your company’s brand and increase exposure to potential customers and suppliers, M&A opportunities, private equity and venture capital investors.
    • Receive an exclusive invitation to the EY Strategic Growth Forum®.

  • If my company has locations in different regions, where would I submit the nomination?

    Given the unique character of the different markets across Canada, Entrepreneur Of The Year seeks nominations in five regions: Pacific (BC and the territories), Prairies (Alberta, Saskatchewan and Manitoba), Ontario, Québec and Atlantic.

    You must be nominated in the region where your company is headquartered. Typically, that’s where the business’s owner/CEO/CEO-equivalent is located. This helps ensure consistency for all nominations across Canada.

  • Is there a cost associated with the program?

    There is no fee.

  • What kind of time commitments are expected from me if I participate?

    If you are named a regional finalist or Canadian finalist, the estimated time commitment is between 12 and 20 hours. See the program timeline.

  • What information is required?

    See a snapshot of the information required.

  • Is the nomination form confidential? Who has access to the financials?

    All information provided in the nomination form and otherwise will be reviewed by the EY Entrepreneur Of The Year team and shared with the independent panel of judges, who sign a confidentiality agreement and do not retain any documentation. No detailed financial information will be shared with the program sponsors.

    In our promotional material, we may refer to your participation in the program and include the brief company description you provide. Any other public disclosure of information will not be made without your consent.

  • Is the financial information necessary?

    Yes, the financial information is an important quantifiable indicator of success for the independent panel of judges. Without it, you can’t be evaluated.

  • The financial status of my company is confidential and I can’t release this information. Can I still compete?

    Historically, the majority of nominees have represented private companies with confidential financial information. The limited financial information requested remains confidential. Financial information is an important quantifiable indicator of success available to the independent panel of judges. Please complete the form in its entirety and describe your company growth as accurately as possible.

  • Does my company have to be privately owned?

    No. If your company went public and the founder/CEO/CEO-equivalent is still active in management, you qualify. If the founder has no equity remaining in the public company, the story needs to be reviewed to determine if the founder is considered a professional manager rather than an entrepreneur.

  • What if our company has multiple founders?

    Multiple nominees on an application are acceptable. However, each additional nominee must be added in the one nomination form in the designated section.

  • My company has been in business for over 20 years, and I was not the founder. Would I qualify as an entrepreneur?

    EY Entrepreneur Of The Year honours individuals primarily responsible for the growth of the business, whether they are the founder or the current CEO or CEO-equivalent. The intent is to recognize the creativity, drive and hard work of business leaders. If you’re not the original founder, you must have been in your current role for at least two years, dating back from the time of the application deadline in April. We'll look at what you've done since taking the reins. Many winners have been second- or third-generation entrepreneurs.

  • How are award recipients selected?

    The awards fall into three main groups: performance-based awards, specialty awards and the lifetime achievement award.

    An independent panel of judges will assess award nominees based on the following criteria:

    • Entrepreneurial spirit
    • Purpose
    • Growth
    • Impact

    The completeness with which the nomination form is prepared is of significant importance in the judging process and will have a material bearing on whether you advance in the program.

  • Who selects the regional and Canadian winners?

    The judges are past EY Entrepreneur Of The Year participants, and business and community leaders. Each region has its own panel of judges, who will choose their region’s winners, in addition to a national panel, who will choose the Canadian winners from the regional winners entrepreneur pool. One regional level winner will be named Canada’s EY Entrepreneur Of The Year. 

  • How much does the overall economic climate affect the judging?

    The judges always take the general economic climate into consideration when evaluating companies’ recent performance. They know there will be inevitable ups and downs to the business cycle. Seeking to celebrate the great things that businesses do, we focus on success.

    When the economy is emerging from a downturn, entrepreneurs who have shown that they steered through challenges and held their own — or even grown — are worthy of recognition. EY Entrepreneur Of The Year recognizes tough, determined, resilient people who persevere through circumstances beyond their control.

    Entrepreneurs are the trailblazers who lead the way and build the future — and are the catalysts for positive change. We celebrate entrepreneurship as the key to economic recovery. In tough times more than ever, entrepreneurs need to be recognized.

  • Why am I asked for a background check?

    Background checks are performed to ensure that:

    • The nominee’s identity is confirmed.
    • The nominee has a history that’s clear of any criminal or other serious issues and their business and brand values match those of the Entrepreneur Of The Year program.
       

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