What criteria qualified these firms for the Forbes Asia list?

Question

Accepted Answer

Criteria for Inclusion on the Forbes Asia "100 to Watch" List

To be considered for the inaugural Forbes Asia "100 to Watch" list, companies were required to meet several specific criteria. These requirements were designed to identify promising small companies and startups demonstrating significant progress and innovative solutions, particularly in the challenging economic climate influenced by the Covid-19 pandemic. The selection process involved evaluating over 900 submissions, utilizing methods such as online applications and nominations from relevant stakeholders.
Regional and Operational Requirements

Companies had to be headquartered within the Asia-Pacific region to be eligible for the list. Furthermore, the businesses needed to have been in operation for at least one year, indicating a degree of established presence and operational history. Crucially, the firms were also required to be privately owned and operate on a for-profit basis, focusing on commercial viability and growth potential.
Financial and Revenue Thresholds

A key financial qualifier for inclusion was a cap on recent financial performance. Companies were restricted to having no more than US$20 million (approximately RM85 million) in their latest annual revenue or total funding. This threshold aimed to spotlight emerging businesses rather than already established large enterprises, focusing on those with significant growth potential yet to reach mature market positions.
Innovation and Impact in Challenging Times

Beyond the structural and financial criteria, Forbes Asia also sought companies that were actively addressing significant problems with innovative solutions. The selection recognized businesses that were making remarkable progress and demonstrating impact despite the difficult global economic conditions exacerbated by the Covid-19 pandemic. This focus highlighted resilience and the capacity of these firms to thrive and offer unique value propositions in a challenging environment.

Reading history

Hide →

This history is cleared when the page is closed.

What criteria qualified these firms for the Forbes Asia list?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends