Roy Lai Kian Ming, founder and CEO of InfoCorp Technologies, bagged two awards last night at the “The Entrepreneur of the Year Award 2018” gala dinner. They are the 2018 “New Entrepreneur of the Year” and “Social Contribution” awarded by Singapore’s prestigious and longest standing award event proudly co-organised by Association of Small & Medium Enterprises of Singapore and Rotary Club of Singapore. Held at The Ritz-Carlton, Millenia Singapore Entrepreneur of the Year’s (EYA) 2018, the award presentation ceremony was graced by Guest-of-Honour, Mr. Chan Chun Sing, Singapore’s Minister for Trade & Industry. The black tie event saw a turnout of 600 business leaders and guests across industries.

EYA’s ‘New Entrepreneur category aims to recognize the fledgling Entrepreneur who demonstrates keen business acumen, innovation and creativity in differentiating their businesses from the market’.

The “EYA FOR SOCIAL CONTRIBUTION is awarded to the Entrepreneur who has demonstrated efforts to contribute to society, is involved in environmental policies and have encouraged employee involvement in community activities.”

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Roy Lai was awarded for the intention to provide blockchain-based financial solutions for agricultural countries with a high livestock population. The solution has a focus on helping small-farm holders to turn ‘dead capital’ of livestock into a new asset class. It is intended as enabler to lift themselves out of poverty. His innovative approach of utilising blockchain to prove ownership of livestock and allowing it to be used as collateral, reduces the lending risk for micro financing institutions.

For InfoCorp, this award validates not only quality leadership; awarding Roy is also a reflection of the quality of Sentinel Chain as a blockchain project solving real world problems, and creating win-win solutions with new business opportunities. InfoCorp also hopes the awards will encourage other technology visionaries to stay true to their mission to use blockchain to realise their vision to drive change in the world, which in a space that is often regarded with less trust, is not always easy.

“I would like to thank ASME and the Rotary Club for this honour and recognition. This success is not defined by me alone. Behind this success is a hardworking team of many unsung heroes from Argentina, China, India, Myanmar, Singapore, US and Vietnam. There will be no award without the convictions and sacrifices from the InfoCorp team. And I would like to give a big thank you to the partners and supporters for their unwavering belief in our vision. I am so proud of everyone. This win is for you!” Roy Lai.

About the awarding organisation

Inaugurated in 1989 by the Rotary Club of Singapore, The Entrepreneur of the Year Award (EYA) is the most established Award in Singapore that honours local Entrepreneurs who have shown outstanding performance as business owners, be they emerging or established enterprises, in their respective industry fields. In 1992, the Rotary Club of Singapore invited the Association of Small & Medium Enterprises to co-organise the EYA. Upholding the prestige of the Award, EYA prides itself for the high qualifying criteria, rigorous rounds of site visits and stringent judging processes. Celebrating its 30th year, The Entrepreneur of the Year Award continues to build upon its legacy as one of Singapore’s most established business accolades where Top Entrepreneurs are showcased annually on a platform of national scale. The EYA is also an excellent opportunity to embark on a fulfilling and rewarding Award Journey that spurs business owners and aspiring Entrepreneurs to aim higher and achieve greater victories in the business arena.