FAQ - Forty Under 40 Awards (2024)

FAQ

FREQUENTLY ASKED QUESTIONS

What are the nomination criteria?

  1. Nominees must be 39 years or younger as of June 30 in the year the nomination is submitted;
  2. Preference is given to nominees who work in the private sector; however, nominees can also work for a non-profit organization. In either case, nominees will be assessed on demonstrated business achievements that advance the goals and objectives of their respective organization
  3. Nominees must spend the majority of their work time in the National Capital Region;
  4. Nominees must be an owner, executive, manager, professional or person with significant business decision-making authority.

When can I nominate someone?

Nominations open in January. They close at the end of March.

How long will the nomination process take to complete?

The nomination process is designed to be straightforward and succinct. It often takes 60 minutes to complete; perhaps less if the nominee has an up-to-date resume. It's also good to start with a very clear sense of the nominees' business accomplishments.

Can I nominate myself?

Yes. There is no disadvantage to self-nomination.

Can Iask the nominee or someone else to review the nomination?

Yes. There is no disadvantage to having multiple people review the nomination before submitting it for judging. Please note that employees of the Ottawa Business Journal and/or the Ottawa Board of Trade, or members of the judging committee cannot review a nomination prior to submission.

Can I nominate multiple people?

Yes, you can nominate as many people as you like.

Can I co-nominate two or more business partners for one award?

No. Only individuals can receive a Forty Under 40 award. Please enter one name per application. (If two names appear on an application, it will be disqualified).

Can multiple employees of the same company be nominated?

Yes. However, only one recipient from a company will typically be chosen. (Exceptions may be made in the case of large companies with multiple divisions).

Can I nominate someone who has already received a Forty Under 40 Award?

No. People can only receive the award once. (Click here to see a list of past recipients).

Can I nominate someone that has been nominated before, but not won?

Yes. In fact, it often takes a few applications until nominees are successful. We encourage nominees to update and improve their submissions each year, rather than submit the exact same nomination.

Can Iaccess last year's nomination?

No. The system does not allow for access to any previously submitted nominations.

How many applications do you receive each year?

Each year we receive approximately 150-200 nominations. Don’t get discouraged! If you do not receive the award one year, we encourage you to apply again. Many past recipients have applied two or three times before winning.

I started a "test" nomination, how do Iremove it from the system?

Nominations can be withdrawn at any point in the nomination process. (Click here for a document that outlines the steps to withdraw a nomination).

What questions are asked in the online nomination program?

Click here for a document that outlines the: Complete Forty Under 40 Nomination Questions

(Please note this document cannot be used to submit a nomination - it is for an example purpose only)

What are the judges looking for under business achievement?

The business achievement section should include objective facts about the nominee’s most significant business achievement(s) and how their company has grown through their leadership. Please use facts, figures, and quantitative measurements (dollars or percentage) when referencing growth.

What are the judges looking for under professional expertise?

Judges are looking to assess whether the nominee is outstanding in their field of expertise. Educational credentials, awards and distinctions, speeches at conferences, and media articles are all great ways to highlight the nominee’s expertise.

What are the judges looking for under community involvement?

Don't overlook this; it often separates recipients from non-recipients. Judges look for people who actively participate and take leadership roles in the community over those who simply hold membership in various groups. Include detailed information about the results of the volunteerism.

Are everyone’s references contacted?

No. Your references will only be contacted if a judge requires more detailed information on a specific item.

What is the judging process?

All nominations are individually scored by several judges from Ottawa Business Journal, the Ottawa Board of Trade and the local business community against a 40-point system: 20 points for business accomplishments, 10 points for expertise in their field and 10 points for community and charitable activities. Using the aggregate scores as their primary criteria, the judges collectively select 40 recipients by consensus. Nominees can be disqualified for dishonourable conduct, such as a criminal conviction, or other considerations as determined by the judging committee. Lying or falsifying information in the nomination process will result in the nomination being rejected. Recipients are not chosen for any one specific reason, but rather for their diverse range of accomplishments, expertise and community involvement.

When will I know if I am an award recipient?

Recipients will be notified by phone and e-mail in late April. The names of all award recipients will also be announced in the Ottawa Business Journal around this time. Closer to the awards gala, the recipients will also be profiled in Ottawa Business Journal.

Are there any costs associated with the nomination process or awards program?

No, there are no costs associated with nominating someone. If a nominee is chosen as a recipient, they are expected to purchase a corporate table at the gala. (Each recipient's ticket is free of charge.)

Is my information kept confidential?

Your application will not be made public. It will only be viewed by the judging committee. Information supplied within the recipient surveys will be used for a public profile in OBJ (recipients only). Contact information will be used to update recipients about the next steps the awards process. Names and company names of non-recipients will not be published.

How can I become more involved with the Forty Under 40 awards?

We have a number of sponsorship opportunities available for the Forty Under 40 awards. For more information, please contact Don at don@ottawabusinessevents.ca.

I still have more questions!

If you have more questions regarding Forty Under 40, please contact Ottawa Business Events at info@ottawabusinessevents.ca or 613-236-7029 ext. 136.

FAQ - Forty Under 40 Awards (2024)

FAQs

What are the requirements for Forbes 40 Under 40? ›

FAQ
  • Nominees must be 39 years or younger as of June 30 in the year the nomination is submitted;
  • Preference is given to nominees who work in the private sector; however, nominees can also work for a non-profit organization. ...
  • Nominees must spend the majority of their work time in the National Capital Region;

How do people get selected for 40 Under 40? ›

Most honorees who are chosen are either nominated by their organization or have letters of recommendation from a manager at their organization. That's because IBJ wants to ensure honorees are not only in good standing at their organization but excelling, even if their primary accomplishments are in the community.

Is 40 Under 40 prestigious? ›

Receive a prestigious recognition and a unique chance for self-promotion and promotion of the achievements. Attend and be awarded during the particular year's Award Ceremony and Gala Dinner. Use the official “40 Under 40” badge for own promotional purposes.

How do you write a 40 Under 40 nomination? ›

You just need your nominee's name, job title, phone number, e-mail address and a brief explanation of why you think they should be named to the Top 40 Under 40. Then we send the nominee acceptance form directly to the nominee and get all the information we need from them.

What are the categories of 40 under 40? ›

The list includes business executives, political figures, sportsmen, fashion designers, and others who are under the age of forty years old.

What qualifies you on the Forbes list? ›

Candidates are evaluated by Forbes staff and a panel of independent, expert judges on a variety of factors, including (but not limited to) funding, revenue, social impact, scale, inventiveness and potential. We look at these metrics relative to the industry (and category) candidates are being considered for.

Do people pay for 40 under 40? ›

No. There is no fee associated with the 40 Under 40 recognition program.

What is business elite 40 under 40? ›

Business Elite's "40 under 40" is a prestigious awards program that identifies outstanding young Executives and Entrepreneurs. businesseliteawards.com.

What is the 40 under 40 award for healthcare? ›

Those selected for the 40 Under 40 awards program are young leaders who have taken specific steps to help their organizations achieve financial, clinical or operational goals.

What is the top 40 under 40 award? ›

Founded in 1995 by Caldwell, Canada's Top 40 Under 40™ celebrates the achievements of 40 Canadians in the private, public and not-for-profit sectors, who have demonstrated remarkable success before passing the age of 40.

What is the 40 below 40 award? ›

BW Disrupt 40 under 40 is a quest for the most influential leaders of the year. Organized by BW Disrupt, it is a hunt for the top 40 brightest young entrepreneurs, innovators, and game changers under the age of 40.

Who are the Entrepreneurs in 40 under 40? ›

40 Under 40
NAMENAMEAGE
Abhinav ShashankCo-founder & CEOCo-founder & CEO,Innovaccer
Abhiroop Medhekar, Saurav SwaroopCo-foundersCo-founders ,Velocity
Abhishek ChakrabortyCEOCEO,DTDC Express
Agnishwar JayaprakashFounder & CEOFounder & CEO,Garuda Aerospace
17 more rows

What are examples of nomination statements? ›

(The nominee) is a great guy; everyone in our department loves him! The large and small actions, and the continued interest in day to day operations by (the nominee) have brought us together and motivated us as a group.

How do you write a strong nomination? ›

Nomination Letter Writing Best Practices
  1. Tell the reader what makes the nominee unique or special. ...
  2. Quality is appreciated more than quantity. ...
  3. Use an active voice in your writing.
  4. If submitting multiple letters for a nominee, talk through what each letter writer plans to include in their letters.

What do you say in nomination? ›

It's important to detail the nominee's best qualities so that the reader understands why they're an excellent choice for the reward. You can also mention how their actions have affected you personally, like if they've inspired or motivated you in your work.

How much money do you have to make to be on the Forbes list? ›

There is no required income a person or business has to prove to be nominated, although that is a factor is choosing those who beat the competition and make the list. Here is further information about these highly esteemed lists, including how to qualify and how to be considered.

How do you get featured on Forbes? ›

To get published on Forbes, you can submit a pitch or article to their Contributor Network. To become a Contributor, you need to fill out a form on their website and provide information about yourself and your expertise.

What qualifies someone for Forbes 30 under 30? ›

NOMINATION GUIDELINES

Nominees must be 29 or younger on December 31, 2024, and have never appeared on an Under 30 list before.

Who is eligible for Forbes 40 Under 40 in Africa? ›

ELIGIBILITY REQUIREMENT

Nominees must be a citizen of any of the 55 African nations, living on the continent or in the Diaspora. Nominees with repeat submissions will have no advantage over those with one nomination. The selection process is not swayed by the number of nominations an individual receives.

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