Blazon Inc. has launched the Maldives Business Awards. The Awards were launched by Registrar of Companies, Maryam Wisam, in a ceremony held in Hulhule Island Hotel on Wednesday, 23rd May.

Maldives Business Awards are given to those businesses who had consistently demonstrated excellence in their respective sectors. The Awards also seeks to recognise their contribution to the nations economy and set a standard for other businesses to aspire to.

The Awards will be the first of its kind in the Maldives, supported by an Advisory Board and a Judges Panel. All nominations will undergo a rigorous evaluation process.

There are six stages of the judging process. Blazon Inc. reported that a Judging Panel and an Advisory Body would oversee all the stages. The Judges Panel consists of individuals who have had practical experience in running businesses, while the Advisory Board is composed of individuals who have had years of experience in policymaking.

The Awards will be given out in four areas; Industry Excellence, Individual Excellence, Enterprise Excellence and Elite Awards. The website for nominations will be launched soon.