Baylor Business Impact Awards
Celebrating Entrepreneurial Success
The John F. Baugh Center for Entrepreneurship and Free Enterprise will host the 3rd annual Baylor Business Impact Awards on October 6, 2023. This program celebrates the successes of Texas family-owned businesses and Baylor alumni-owned businesses that have made a transformative impact on their company, industry and community.
In keeping with the tradition of the Institute for Family Business, recipients of the Texas Family Business of the Year Award are not required to be Baylor alumni-owned.
The public is invited to nominate Baylor alumni-owned and led businesses that have a proven record of success and represent their alma mater through their operations.
Nominees will be invited to apply during the application period. Self-nominations are more than welcome. There is no application fee. Finalists will be notified, and the grand prize winners announced at the Awards Gala.
Applicants will have opportunities for engagement with other Baylor Entrepreneurship Department initiatives with roles such as guest speakers, mentors and judges. For additional information on the 2023 Baylor Business Impact Awards, please refer to the 2023 Guidebook. All questions should be addressed to impactawards@baylor.edu.
We Are Grateful for Our Generous Partners
2023 Baylor Business Impact Awards Important Dates
March 1 - July 14
Nominations Open for Baylor Business Impact Awards
July 23
Deadline for Businesses to Submit Applications
July 28 - August 27
Application Evaluation
September 8
Finalists Notified of Advancement
October 6
Baylor Business Impact Awards Gala (by invitation)
Baylor Business Impact Awards Categories
DEAN’S AWARD
Recognizes a successful business that goes above and beyond representing Baylor’s core convictions and the Hankamer School of Business values of leadership, learning, impact, innovation, integrity, teamwork, transformation, excellence, exploration and service.
There are no applications for this award. The winner is chosen by the University.
“Show yourself in all respects to be a model of good works, and in your teaching show integrity, dignity, and sound speech that cannot be condemned…” Titus 2:7-8
Business Representative Eligibility
The business representative must meet one of the following criteria:
- Baylor graduate with controlling interest of the company for the entirety of
January 1, 2020 - December 31, 2022, or - Baylor graduate serving in the company with the role of founder, active senior management or c-level position (chairman, CEO, president or managing partner) for the entirety of January 1, 2020 - December 31, 2022.
Business Eligibility
The company must meet all three of the following criteria:
- Company revenues of $100,000 or more in the calendar year 2020, *
- Company has been in business for at least five years prior to December 31, 2022, and
- Company operates in a manner consistent with the Baylor core convictions.
TEXAS FAMILY BUSINESS OF THE YEAR AWARD
Recognizes successful, multi-generational, family-owned firms in Texas with a commitment to the family and business continuity. The award is open to non-Baylor alumni business owners.
“Two are better than one, because they have a good return for their labor.” Ecclesiastes 4:9
Business Representative Eligibility
The business representative must meet one of the following criteria:
- Has held controlling interest of the company for the entirety of
January 1, 2020 - December 31, 2022, or - Serves in the company with the role of founder, active senior management or c-level position (chairman, CEO, president or managing partner) for the entirety of January 1, 2020 - December 31, 2022.
Business Eligibility
The applicant business or organization must be based in Texas. The applicant business may be a private company, or a public company controlled by an individual or family.
The business or organization must meet all three of the following criteria:
- Company revenues of $100,000 or more in the calendar year 2020, *
- Company has been in business for at least five years prior to December 31, 2022, and
- Company operates in a manner consistent with the Baylor core convictions.
*Does not apply to Small Businesses
Company Size Categories
Small: Less than 50 employees
Medium: 50- 150 employees
Large: Greater than 150 employees
A business or organization must have one or more of the following characteristics:
- Has been owned and operated by multiple generations of a family,
- The potential exists for ownership to be passed on to a younger generation,
- More than one member of a family has active employment in an organization owned by a family, or
- A family holding company which is presently operating a business.
GREAT COMMISSION AWARD
Recognizes a company that has unambiguous Christian values, supports the Great Commission and demonstrates an exceptional level of stewardship in the conduct of business. This company has an underlying outreach that encompasses underserved populations in some capacity.
“Therefore, go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely, I am with you always, to the very end of the age.” Matthew 28:19-20
Business Representative Eligibility
The business representative must meet one of the following criteria:
- Baylor graduate with controlling interest of the company for the entirety of
January 1, 2020 - December 31, 2022, or - Baylor graduate serving in the company with the role of founder, active senior management or c-level position (chairman, CEO, president or managing partner) for the entirety of January 1, 2020 - December 31, 2022.
Business Eligibility
The company must meet all three of the following criteria:
- Company revenues of $100,000 or more in the calendar year 2020, *
- Company has been in business for at least five years prior to December 31, 2022, and
- Company operates in a manner consistent with the Baylor core convictions.
*Does not apply to Small Businesses
Company Size Categories
Small: Less than 50 employees
Medium: 50- 150 employees
Large: Greater than 150 employees
COMMUNITY COMMITMENT AWARD
Recognizes a business that demonstrates a commitment to improving the greater good of the local community.
“Carry each other’s burdens, and in this way, you will fulfill the law of Christ” Galatians 6:2
Business Representative Eligibility
The business representative must meet one of the following criteria:
- Baylor graduate with controlling interest of the company for the entirety of
January 1, 2020 - December 31, 2022, or - Baylor graduate serving in the company with the role of founder, active senior management or c-level position (chairman, CEO, president or managing partner) for the entirety of January 1, 2020 - December 31, 2022.
Business Eligibility
The company must meet all three of the following criteria:
- Company revenues of $100,000 or more in the calendar year 2020, *
- Company has been in business for at least five years prior to December 31, 2022, and
- Company operates in a manner consistent with the Baylor core convictions.
*Does not apply to Small Businesses
Company Size Categories
Small: Less than 50 employees
Medium: 50- 150 employees
Large: Greater than 150 employees
CURRENT STUDENT AWARD
Recognizes a current Baylor student who has shown exceptional promise and success maintaining a business while concurrently enrolled in classes.
“Let no one despise you for your youth, but set the believers an example in speech, in conduct, in love, in faith, in purity.” 1 Timothy 4:12
Business Representative Eligibility
The business representative must meet be a Baylor student currently enrolled in classes for the 2023-2024 academic year with controlling interest, the role of founder, active management or c-level position.
Business Eligibility
The company must operate in a manner consistent with the Baylor core convictions.
RECENT ALUMNI AWARD
Recognizes a successful business owned or managed by a Baylor Business School graduate who attended within the previous ten years, earning either an undergraduate or graduate degree.
“Be diligent in these matters; give yourself wholly to them, so that everyone may see your progress.”
1 Timothy 4:15
Business Representative Eligibility
The business representative must have controlling interest, the role of founder, active management or c-level position.
Business Eligibility
The company must operate in a manner consistent with the Baylor core convictions.
