Five esteemed award winners were:
Social Enterprise of the Year Award – The Hub
The HUB is about the power of innovation through collaboration. The HUB believes there is no shortage of good ideas to solve the issues of our time. But there is an acute lack of collaboration and support structures to help make them happen. The HUB was founded to address this need. They set out to create spaces that combine the best of a trusted community, innovation lab, business incubator and the comforts of home spaces with all the tools and trimmings needed to grow and develop innovative ventures for the world.
Young Entrepreneur of the Year Award – Tej Lalvani, COO, Vitabiotics
Tej started his career at Vitabiotics operating forklifts 20 years ago. His dedication and perseverance helped him work his way up the ladder to now being the Chief of Operations for Vitabiotics in the UK. He also oversees international expansion for the Vitabiotics Group, which now has a presence in over 110 countries. His ambition is to build Vitabiotics into the largest specialist vitamin company in the world.
Woman Entrepreneur of the Year Award – Jacqueline Gold, CEO Ann Summers & Knickerbox
Jacqueline Gold is renowned for managing a company run by women, for women. She began her career at 21 when she started working for her father’s company, Ann Summers. After attending an at home Tupperware party, Jacqueline saw the potential to use a similar concept to introduce sex toys and lingerie to women in the home environment. Jacqueline took the concept of at home parties and developed the idea of the Ann Summers Party Plan. With no formal training, Jacqueline presented her concept to the all-male board. After initially meeting resistance from the board, Jacqueline demonstrated how the party plan concept was a viable one and was eventually given the go ahead to launch the concept. Jacqueline’s belief in the potential for party plan was proven almost instantly, with hundreds of women keen to become party organisers and even more wanting to attend the parties. The success of party plan was the first stage in the development of the Ann Summers brand that we know today, changing forever the sex lives of women (and men) in the UK. In 1993 Jacqueline was appointed Chief Executive of Ann Summers, and shortly after launched the first Ann Summers store on the high street, forever changing the face of retail and now being known as the woman who brought sex to the British High Street.
Global Entrepreneur of the Year Award – Deepak Kuntawala, Founder, DVK
Deepak Kuntawala was recognised for growing DVK from a start-up to an international brand with innovation and hard work. A gifted entrepreneur, Deepak has achieved several feats on the international scene. Recently, DVK opened an office in the Kingdom of Saudi Arabia, with His Royal Highness, the Prince of Saudi, appointed Chairman of DVK Saudi. Deepak is also preparing to set up a Shari’ah Fund for women, designed to attract investment to the Middle East region. DVK’s successful performance in the last quarter has also led to the establishment of a DVK office in Bahrain. DVK’s other projects in the Middle East includes key infrastructure schemes. He also has ventures with China, and private equity transactions in Russia and Africa. The company is building an aviation wing that will create a cargo business in the Kingdom of Saudi Arabia as well as in other Gulf States, the Commonwealth of Independent States and Africa. DVK Aviation plans to develop new markets in the Gulf region while increasing its acquisition of aircraft and private jet businesses. The brand has a portfolio of businesses across private equity, wealth management, structured trade and commodity finance, capital markets, infrastructure, real estate, mining, aviation and fund management sectors. It is active in the following countries and territories; the Kingdom of Saudi Arabia (KSA), Bahrain, China, Hong Kong, the UAE, Switzerland, Nairobi, Ghana, Malawi and the cities of Moscow, Johannesburg and Madrid.
Entrepreneur of the Year Award – James Palumbo, Co-Founder and Chairman of Ministry of Sound Group
Having graduated from Oxford, he worked in the City before launching Ministry of Sound nightclub in a disused bus depot in Elephant and Castle in 1991. Ministry of Sound quickly became an iconic London landmark and branched out into other areas. It is now the biggest independent record company in the world. In 2001, Palumbo stepped away from the day-to-day running of Ministry of Sound but remains the majority shareholder. He is the author of two well-acclaimed novels and lives in London.
Young media and film entrepreneur and CEO of international communications agency Sterling Media, Natasha Mudhar says: “Aspiring entrepreneurs require guidance, advice and mentoring to fulfil their entrepreneurial aspirations. The UK is a richer place for the establishment of such organisations as TiE. The TiE UK Awards celebrates the spirit and ethos of that great thing we call entrepreneurship. Dynamic, creative and enterprising individuals are essential for any society’s economy to flourish. The range and depth of entrepreneurial talent at the event was astounding, and this is an amazing feat, and one that should be acknowledged and celebrated.”
The UK chapter of TiE was established over a decade ago and has grown to more than 100 charter members and 450 members. As the UK’s need for dynamic entrepreneurs has increased; over the past three years, Charter Members of TiE UK have mentored over 200 entrepreneurs at different stages of development across industry sectors. These business figures along with a new generation of entrepreneurs today represent the lynchpins of global and national entrepreneurialism.