SINGAPORE (Oct 26): Jeffrey Tiong, CEO, PatSnap has been named EY Entrepreneur Of The Year (EOY) 2018 Singapore by EY.

The results were announced at the 17th EY EOY awards gala held at The Ritz-Carlton, Millenia Singapore on Friday evening.

Tiong also won the EY Entrepreneur Of The Year – Analytics Intelligence.

He will go on to represent Singapore in the EY World Entrepreneur Of The Year (WEOY) to be held in Monte Carlo, Monaco in June 2019.

At the WEOY, Tiong will compete against more than 50 other countries for the coveted world title.

The EY WEOY competition is the hallmark of the awards program, offering a platform to profile local entrepreneurs among the world’s best business leaders.

Chairman of the judging panel, Robert Yap, also Executive Chairman of YCH Group says, “Jeffrey is an outstanding technopreneur and innovator in his use of analytics intelligence to address the information gap in the R&D industry. He did not let his youth or inexperience hold back his bold ambition. He pursued his entrepreneurial vision upon graduation with resilience and learned how to grow and lead a business. By taking strategic risks to disrupt the industry, he was able to carve out a new market and build a notable presence worldwide. Since the launch of PatSnap in 2012, his company now serves 3,000 organizations spanning 28 countries.” 

On winning the award, Tiong says, “It is a great honor to win this award. This would not be possible without the support of all the people around me – my family and my team.”

In addition, EY also presented five other EOY category awards:

  • EY Entrepreneur Of The Year – Engineering and Construction
    Von Lee Yong Miang, Chairman, Expand Construction Pte Ltd
  • EY Entrepreneur Of The Year – Analytics Intelligence
    Jeffrey Tiong, CEO, PatSnap
  • EY Entrepreneur Of The Year – Media and Lifestyle
    Cheong Chia Chou, Managing Director, Pictureworks Pte Ltd 
  • EY Entrepreneur Of The Year – Sustainable Bathroom Solutions
    Christopher Ng, Group CEO, Rigel Technology (S) Pte Ltd
  • EY Entrepreneur Of The Year – Outsourced Solutions 
    Laurent Junique, CEO, Teledirect Pte Ltd

See: 5 named winners of EY Entrepreneur of the Year 2018

Max Loh, EY Asean and Singapore managing partner, Ernst & Young LLP, says, “Innovation is vital to building future-ready businesses and a resilient and competitive economy. While government and regulatory support is important in creating an enabling ecosystem for innovation to flourish and go beyond ideation, it takes every individual and business to reignite the curiosity and courage within each of us to never stop questioning if there is a better way to build a better business for a better working world.” 

Guest-of-honour, Josephine Teo, minister for manpower, says, “What is remarkable is that these businesses started even as employment rates have increased and unemployment rates remained low. Which means people were not turning to entrepreneurship because they had no other options.  Although it is competitive, there are still opportunities. Being part of a growing region has also helped.”

The Edge Singapore is one of the official media partners for EY EOY 2018