About Six Cap Unicorn Award

THE GENESIS OF THE SIXCAP UNICORN AWARD

Illustrious businesses today like Facebook, Uber, and AirBnB achieve exponential growth transcending the notion of becoming more efficient or ‘playing the same game better’, but by inducing substantial impact on social and economic dynamics, made possible through their ability harnessing the power of the crowd. They strive to solve society’s biggest problems for the crowd, changing the way humans interact with one another and/or the world around them forever.

Meet the judges

We’ve put together an independent panel of judges with diverse core competencies, stretching across renowned management strategists, esteemed academics, and reputable industry practitioners.

Judge 2

Prof Gordon Hewitt

Professor of Ross Business School, University of Michigan...

Judge 5

Prof Lee Pui Mun

Dean of Business School, SIM University

Judge 8

Prof. Ir. Dwikorita Karnawati

Rektor, Universitas Gadjah Mada

Judge 4

Gay Chee Cheong

Chair of Investment and Divestment Committee...

Judge 7

Prajna Murdaya

Commissioner at PT Metropolitan Kentjana Tbk

Judge 6

Dr Abdalla Kablan

Fintech & Data Science Specialist...

Judge 3

Chris Van Der Kuyl

Chairman 4J Studios

Judge 1

Tan Choon Seng

Chairman of Truscott Group

Together with the crowd, their role is to evaluate and identify businesses that have the potential to become future unicorns under a rigorous judging process that takes into consideration both quantitative organization data analysis and crowd endorsement.

The judging criteria are developed in collaboration with our knowledge and research partners at SIM University, SIM Professional Development, in partnership with the SIXCAP Global Advisory Board.

CNBC ASIAN BUSINESS LEADERS AWARDS

CNBC pioneered the annual Asia Business Leaders Awards (ABLA) in 2001 to salute and recognize remarkable business leaders, who through strength, innovation and foresight induce positive changes in an evolving corporate Asia. Last year, the 14th ABLA ceremony was held at the Siam Kempinski Hotel in Bangkok, Thailand, in recognition of astute business foresight and acumen, vision, innovation, talent management and corporate social responsibility, with award recipients from all across Japan, Malaysia, the Philippines, and Thailand.

15 YEARS OF RECONGNISING THE FINEST

The ABLA event was created over 15 years ago and has gone from strength to strength. It is now one of the pre-eminent business awards and is recognized, by successful business people, all over the world. Now in its 15th year, ABLA is the region’s premier business leadership awards presentation that brings together some of the best-known personalities in the corporate world today.

78 Awardees

In all the world, only 78 people have ever received an Asian Business Leaders Award. It is a very exclusive club indeed and awardees are household names not only in Asia, but all over the globe for their vision, their invocative business practices and their creative strategies.

78 business leaders from around the region have already been publicly recognized for their vital business contributions through ABLA.

6 Years Ahead

Contrary to conventions of evaluation based solely upon past accomplishments, the SIXCAP Unicorn Award is designed to be forward looking. It identifies businesses that have the greatest potential to become future Unicorns; to achieve USD1Bn in valuation or USD1Bn turnover, within the next 6 years, through the ability to harness the power of the crowd.

About the Sponsor

SIXCAP, is a pioneering company that believes in the movement of co-creating the future. They are focused on harnessing the power of crowds to innovate new ecosystems of value across a myriad of industries through co-creation with our stakeholders to bring about positive socio-economic impact for the crowd.

SIXCAP is built upon a contrarian philosophy; deconstructing conventional thinking in order to create new value, allowing the company to focus on opportunities to improve solutions that transcend industry boundaries, enabling the ability to harness the power of the crowd.

"The relentless pace of change driven by technological developments means we are operating in a fundamentally different business environment to that found 10 years ago. Whilst most business awards today are based on past achievements, we want to celebrate the companies of tomorrow.

We want to recognise the potential unicorns of the future, not of today. We believe that the power of the crowd, has been fundamental to the remarkable success of some of today’s leading companies – the likes of Facebook, Instagram, and Uber.

This is not about crowdfunding, it is about a massive populace of passionate individuals, just like you and I, getting behind a business to see it succeed."

Patrick Teng, Founder &
Executive Chairman of SIXCAP

Award winner result to be announced on 23th November 2016


Redefining the Unicorn


Businesses such as Whatsapp, WeChat, and Snapchat (to name a few) have significantly changed the way we communicate, express emotions, and even conduct business activities. Despite their lack of longstanding experience in the business of photography, not only did Instagram pierce through the industry’s dominant logic and establish a new standard of how we capture and share photographs – known as the establishment of ‘new infrastructure’ – but also displayed how non-conventional entrants can make a substantial impact on an industry and the society it serves. Truly, disruption is only disruptive to the incumbent.

We’ve all heard these great stories before, and are all too familiar with the hype surrounding tech start-ups achieving unimaginable heights – and the birth of the term ‘unicorn’.

A Unicorn – a phrase invented by Venture Capitalist Aileen Lee – refers to a start-up company, which attains a valuation of US$ 1 billion within a few years. Finding such a company, according to Lee “is as rare as finding a unicorn”.

We believe, that established business can also transform the landscape of the industry they operate in and induce substantial impact on industry gaps and society ‘pain points’. This called for an even playing field for both start-ups and businesses to compete on, widening and redefining the term – ‘Unicorn’.

Power of Crowd


Take the case of Instagram for example. From a US$500,000 seed funding round in 2010, the founders grew from strength to strength, and reportedly raised US$50 million from venture capitalists in 2012; the same week the app was downloaded more than one million times in less than one day, valuing the company at US$500 million. Three months later, it was the fifth app to ever reach one million ratings on Google Play, and the rest is history – Facebook offering them to buy them for US$1 Billion, turning them into a unicorn.

There is no denying that many other variables had contributed to the success of Instagram. Nevertheless, a defining element in the equation was their ability to harness the power of the crowd by solving a gap/problem in society (the need for a photo-sharing app that built upon the new dynamics created by cameras embedded within the mobile phone), impacting social and economic dynamics. From 1 million registered users in 2010, Instagram announced 150 million active users in 2013. By middle 2012, 58 photographs were being uploaded and a new user was being gained each second – what a remarkable display of the power of the crowd!

Indeed, the crowd is the future, and both start-ups and established businesses, should transcend from being more efficient at their existing business, but at how their business/ideas can solve for a gap/problem in society moving forward, and harness the power of the crowd to achieve exponential growth potential.

2017-11-21 08:35:31 +0800