Nine companies from Singapore and the region bag top honours at 2026 Emerging Enterprise Awards
A total of 28 companies were shortlisted as finalists.
Nine companies from Singapore, Malaysia, Hong Kong, and Indonesia claimed top awards at the 2026 Emerging Enterprise Awards, which took place on October 26. Organised by The Business Times and OCBC, the annual ceremony recognized young businesses for their entrepreneurial spirit, innovation, and resilience. The awards are open to companies under 10 years old with annual revenues up to $20 million. Nearly 600 applications were received from various industries.
Singapore-based Woosa Sleep and Hong Kong-based MediConCen won the Emerging Enterprise Award for their sustainable solutions. Woosa Sleep is a sleep wellness company that designs and sells premium mattresses, smart storage bed frames, and sleep-related products tailored to the region's climate. MediConCen develops AI that automates insurance claims processing, including fraud detection and secure medical-network connectivity.
Alpha AI Technology (Hong Kong) and Hyperscale DCS (Malaysia) took the Most Promising Start-up Award for their unique, commercially viable ideas. Alpha AI provides AI-powered inspection and asset-monitoring services, while Hyperscale DCS specializes in data centre infrastructure systems.
The awards ceremony, themed "Diamonds," was held at the JW Marriott Hotel Singapore South Beach. Guest of honour Senior Minister of State for Energy, Trade and Industry Low Yen Ling described award-winning enterprises as champions who had overcome challenges and adapted to create value. This spirit was evident in the sustainability category, where four companies were honored: Singapore's Matwerkz Technologies, Malaysia's Geomax Rubber Innovative Products, Lafre Global (Malaysia), and Indonesia's Parongpong Raw Lab. The latter focuses on sustainability, circular economy, and material innovation.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.