Entries are now open for Australia’s BRW magazine’s second annual Entrepreneur of the Year award.

Now in its second year, BRW’s Entrepreneur of the Year 2012 Award is open for nominations; we encourage you to enter.

To be considered, nominees must be directly involved in an innovative business that has been successfully running for a minimum of three years.

Nominees can be drawn from any sector of the economy but will need to be able to demonstrate innovation in terms of product development, service delivery or fulfilment and be able to clearly state how their business has changed the market.

Nominations must include market share, customer base, industry influence and any alliances, as well as examples of the nominee’s entrepreneurial attributes.

The judges will take particular note of performance, entrepreneurship and innovation during the current financial year and in some cases nominees will be required to provide additional information as part of the judging process.

If selected as a finalist, nominees must be willing to provide revenue and profit growth for the previous two financial years, as well as current year targets.

Successful finalists will need to be available to travel to Sydney at their own expense to attend an interview with the judging panel on March 1, 2012.

Entries should be no longer than 1000 words and emailed to Samantha Hutchinson at shutchinson@fairfaxmedia.com.au at BRW magazine by 5pm, February 16, 2012.

The 2012 Entrepreneur of the Year will be announced at a function on March 29, 2012, and all finalists will be profiled in BRW.

Again, we encourage you or a colleague perhaps to consider entering these prestigeous awards.