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TOP ESTONIAN ENTERPRISES

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Entrepreneurship<br />

Award 2009<br />

At the national entrepreneurship<br />

com petition “Entrepreneurship Award<br />

2009” with the longest history the<br />

companies who are most worthy of<br />

recognition from the viewpoint of the<br />

state and exemplary will be traditionally<br />

chosen. This year the best were<br />

chosen in five categories: Developer<br />

of the Year 2009, Tourism Innovator<br />

2009, Exporter 2009, Foreign Investor<br />

2009 and Innovator 2009.<br />

THE JURY:<br />

The jury included the Minister of Economic<br />

Affairs and Communications<br />

Juhan Parts, Foreign Minister Urmas<br />

Paet, Rector of Tallinn University of<br />

Technology Peep Sürje, President of<br />

the Bank of Estonia Andres Lipstok,<br />

Chairman of the Supervisory Board of<br />

Enterprise Estonia Mart Einasto,<br />

Chairman of the Management Board<br />

of ABB AS Bo Henriksson.<br />

Compared to the earlier years there were consider<br />

ably more candidates in the category of innovator<br />

which indicates that during hard times<br />

the companies struggle even more in developing<br />

new technologies and applications than in<br />

the years of economic prosperity.<br />

Each award category has its own criteria in<br />

choosing the best, at the same time several nationally<br />

important aspects cross the years as<br />

red line: export capability, high productivity, innovativeness.<br />

This year the real achievements,<br />

not so much enthusiastic future visions, were<br />

assessed. The methodology of the competition<br />

has been developed by the specialists of Enterprise<br />

Estonia, the years-long experience and<br />

the opinions of several independent experts<br />

have been taken into account.<br />

In order to apply as the candidate the company<br />

had to fill in the online questionnaire by answering<br />

the questions regarding the different<br />

economic indicators, products, services and<br />

several other figures. The questionnaires were<br />

prepared and the first information processing<br />

was carried out by the Estonian Institute of Economic<br />

Research.<br />

The obtained information was analysed by the<br />

divisions of Enterprise Estonia, by involving the<br />

professional experts from outside. As a result<br />

of the analysis three best were specified in all<br />

categories, the nomination of which was submitted<br />

to the jury of the competition for making<br />

the final choice. At the end of August the gathered<br />

jury chose the winner of each category out<br />

of the three submitted nominees at the meeting<br />

and the winner of the main prize from among<br />

the winners of the categories.<br />

“Entrepreneurship Award” has traditionally been<br />

a competition, in case of which the subjective assessment<br />

of the state’s representatives in addition<br />

to the real economic results is considered.<br />

The decision was adopted by the jury based on<br />

the valuation criteria of each specific category<br />

and the achievements and perspective of the<br />

companies applying for as candidates. •<br />

11

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