The nomination, evaluation and selection of Award Winners is delegated to an autonomous Prize Committee. The Committee consists of six members (up to eight members until 2009). The discussions within the Committee are strictly confidential.
To be eligible one has to hold or have held a full professorship at a Swedish university working on small business and entrepreneurship issues. Committee members are appointed by the board of the Swedish Entrepreneurship Forum (Entreprenörskapsforum). The Committee members are appointed solely based on their scientific credentials. They are expected to be leading academics in the field, and having reached the level of full professor or the equivalent.
The members and chairman of the Prize Committee are normally elected for a term of three years, giving the chairman the decisive vote in case of a split Committee. In order to ascertain continuity no more than two members should be replaced in a given year. A chairman cannot be reelected for a consecutive term, but Committee membership can be extended for an additional three-year period. In exceptional cases it is possible to be reelected for a third consecutive term. After an interim of at least three years a previous Committee member can once more be elected.
How it works
The discussions within the Committee are strictly confidential; it is not allowed to report to outsiders the various considerations that lay behind individual Prizes and candidacies. The Committee meets three to four times a year, and the bulk of its work takes place in the Fall. It “inherits” a limited number of short-listed candidates from the previous year, and except in rare cases the Winner is selected from this pool of short-listed candidates. The Committee adds one or two new candidates to this pool based on nominations and discussions in the current and previous years. The Committee then commissions a specialist to evaluate the scholars added to the pool of candidates.
As soon as the Committee has agreed on a Winner, the member of the Committee who is most familiar with the Winner‘s work will coauthor an official evaluation and presentation of the Winner’s contribution together with the outside specialist who wrote the confidential report.