The partners behind the Award are the founder, Swedish Entrepreneurship Forum (Entreprenörskapsforum), the co-founder, the Research Institute of Industrial Economics (IFN), the sponsor, VINNOVA, and the donor, Melker Schörling. The three organizations are jointly responsible for the Award.
A project group decides upon the administration and furthering of the Award and the various ancillary activities. Entreprenörskapsforum takes responsibility for the marketing and dissemination activities, such as the production of information material and the planning and enactment of the Entrepreneurship Week.
The scientific scrutiny and evaluation of the potential candidates are made by the Prize Committee. When the Prize Committee has decided on a Winner, an essay about the contributions of the Award Winner(s) as well as a publishable Prize Speech are produced for publication in one of the leading journals in this area, the Small Business Economics. The work is coordinated by the project group and the project manager. The project group also has the joint task of developing and maintaining the new website for the Award.