Application Guidelines
  • 1

    The entrepreneurial company either which is tenanted in the applicant incubator (current incubatee) or the one already graduated from incubation program

  • 2

    The enterprise with strong developing capability, high technical grade, legal property rights, integrated procedures

  • 3

    The enterprise already having cooperative relations with foreign countries (technology transfer and the establishment of overseas company)

All winners will receive great public recognition and other awards for their participation in the competition.
  • 1

    2021 AABI Torch Best Entrepreneur Award

    Prize: $ 10,000

    (The winner should attend the Awarding Ceremony, and all expenses including return air tickets, board and lodging will be borne by himself.)

  • 2

    2021 AABI Torch Award for Technology Transfer

  • 3

    2021 AABI Torch Award for Promising Entrepreneur

  • 4

    2021 AABI Torch Award for Internationalization

    Prize: $ 1,000

    Choice 1: project promotion in AABI assembly

    The details are:

    - Presentation during the AABI assembly

    - Accommodation fees, registration fees during the AABI assembly (fees up to $500)

    - International flight (fees up to $500)

    Choice 2: a 5-day business research scholarship in one area

    The details are:

    - visit AABI IBI

    - 3-Star accommodation for the company representative (fees up to $500)

    International flight(fees up to $500)

Competition Timeline:
  • June 30, 2021————————submissions due of nomination forms
  • July 10, 2021————————submit all eligible nomination forms to the expert judging panel and start the marking
  • Aug 10, 2021————————winners will be notified
Criteria for Marking:

Each association member recommends one judge.

Each judge will give points (up to 100) to the applicant entrepreneurs and recommend the candidates of AABI Torch Award for Technology Transfer, AABI Torch Award for Internationalization, AABI Torch Award for Promising Entrepreneur.

Among the points given, delete the highest and lowest points, and then calculate the average. The highest average score will be the winner of AABI Torch Best Entrepreneur Award.

The winners of AABI Torch Award for Technology Transfer, AABI Torch Award for Internationalization, AABI Torch Award for Promising Entrepreneur will be selected by the judges’ votes.


Each AABI member’s country or region can submit only 2 nomination forms for those four AABI Torch Entrepreneur Awards.

2021 AABI Torch Entrepreneur Awards
Name of Business Incubator
Country Postal Code
Representative Name Title
Contact person Position
Tel E-mail
Name of Applicant Entrepreneur/Company being nominated
Prefix Title Name of Company
Country Postal Code
Tel E-mail
Application Guidelines

The application form consists of 3 parts, the basic information, 3 question items as follows: A. Entrepreneur Profile [35 points], B. Product/Service, & Market Exploration (35 points), C. Benefit / Special Service Provided by Incubation Program [20 points], and attached materials (10 points).

Before filling out the form, applicants should refer to this guideline carefully, and then briefly summarize information and clarify the points which each question item requires.

In each question item, the explanation should not exceed 300 words. The applicants should make the best efforts to describe the state and situation in each question item. Do not make just writing “please refer to the file or the website” or “the information is in the attachment”

After filling out the form, you should attach some photos showing your products or services, and some copies showing your company’s internationalization (e.g. cooperative agreement, contract).

Other notices

* The company nominated in this form has to be an entrepreneurial company either which is tenanted in the applicant incubator (current incubatee) or the one already graduated from incubation program.

* The information required in this form is very much related to one’s personal activities, particularly in column A, “Entrepreneurial Profile”. Hence, it is highly suggested that the applicant entrepreneur complete the form by him/herself.

* The person who filled out this form must sign in the end. If the person is neither the applicant entrepreneur nor the management of the applicant incubator, please also designate the relation of applicant in the parenthesis.

* 2021 AABI Torch Best Entrepreneur Award is presented to honor the best entrepreneur among Asia and the Pacific region, who utilized the business incubation program and made the remarkable growth, which can be a model for other entrepreneurs, international cooperation and business incubation programs. The AABI and association members make the best effort to dispatch information and collect nominations.

* For the purpose of further development of incubation activities and research on successful model, the information collected in this form may be utilized as a case study. Upon any event of publicizing the entrepreneur- or company-specific information, the secretariat will contact the applicant incubator and entrepreneur beforehand.

Nomination Due: June 30, 2021
Basic Information of the Nominated Company
Describe the qualifications of the board and management team with specific reference to:
1) When was the company founded, month & year?
2) Type of the company (e.g.: spin off from university or a large firm?)
3) When was the company tenanted in incubator, month & year?
4) Outline of the company: describe the company’s business scope
Key Statistics 2020 2021(Present)

Local Currency


Net Sales/Revenue (Turnover)

Local Currency


Net Income

Local Currency


Number of Fulltime Employment
Patents (Intellectual property) taken or applied for
The amount of fund invested, if any
Awards gained, if any
A. Entrepreneur Profile35 points

Describe the applicant’s entrepreneurial capabilities with specific reference to:

- How he/she is being engaged in entrepreneurial activities with great enthusiasm?

- What challenges faced and how then overcome?

- What accomplishment has he/she reached?

Note: This item focuses on the entrepreneur himself/herself, not about the company.

B. Product/Service, & Market Exploration35 points

Briefly describe the main features of the company’s product/service with reference to:

- The advantage of the company’s product or service

- Your company’s business model

- Your company’s business scale and business deal with large firms and overseas

- your cooperative agreement with foreign countries

- Any innovative aspects in company management, business process, or human resource development, etc.

- Further business plan

C. Benefit / Special service provided by incubation program20 points

Describe the benefit / effect given by incubation program, specially regarding:

- The reason and background why and how got tenanted in the incubator

- What kind of support services is provided and what is the one with the most value for growth?

- How did the incubator make a difference?

- How the company work with and being involved in the incubator activities, if any

D. Attachments10 points
such as your company brochure, product catalogue, certificate received, etc.
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