To encourage aspiring entrepreneurs to give their best efforts in realising their ideas, the Institute shall select eligible candidates to receive one of the following awards:
- President Gold Award
- Entrepreneur of the Year (Local venture)
- Entrepreneur of the Year (International venture)
- Lifetime Achievement Award
- Innovative Ideas Awards
- Best Business Plan Award
The criteria for each award and the terms and conditions of selection shall be determined by the Award Committee. The criteria may be changed as and when it deems fits.