Baylor Impact Awards
Celebrating the Entrepreneurial Success of Baylor Alumni and Texas Family Businesses
The John F. Baugh Center for Entrepreneurship and Free Enterprise will host the Baylor Impact Awards on September 30, 2022. 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 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. A company can win a maximum of two awards across all categories.
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 2022 Baylor Impact Awards, please refer to the 2022 Guidebook. All questions should be addressed to impactawards@baylor.edu.
We Are Grateful for Our Generous Partners
2022 Baylor Impact Awards Important Dates
March 1 - July 14
Nominations Open for Baylor Impact Awards
July 17
Deadline for Businesses to Submit Applications
July 18 - August 21
Application Evaluation
September 2
Finalists Notified of Advancement
September 30
Baylor Impact Awards Gala (by invitation)
Baylor Impact Awards Eligibility
Baylor Impact Awards
The business representative must meet one of the following criteria:
- Baylor graduate with controlling interest of the company from January 1, 2019 - December 31, 2021
- Baylor graduate serving in the company with the role of founder, active senior management or c-level position (chairman, CEO, president or managing partner) from January 1, 2019 - December 31, 2021
Baylor Impact Awards Business Eligibility
The company must meet all three of the following criteria:
- Company revenues of $100,000 or more in the calendar year 2019 *
- Company has been in business for at least five years prior to December 31, 2021 #
- Company operates in a manner consistent with the Baylor mission and values
* Does not apply to Small Businesses
# Does not apply to Recent Alumni Award
Texas Family Business of the Year Award Eligibility
Open to non-Baylor alumni. The Texas-based company must also meet one or more of the following criteria:
- Owned and operated by multiple generations
- Potential for ownership to be passed on to a younger generation
- Multiple family members hold active roles within the company
- A family holding company presently operates the business #
Business may be a private company, or a public company controlled by an individual or family.
Baylor Impact Award Categories
Fastest Growing Business Awards
Based on Compounded Annual Growth Rate from January 1, 2019 - December 31, 2021
Small Business (less than 50 employees)
Medium Business (50-150 employees)
Large Business (>150 employees)
Documents to verify revenue may include:
- Copy of audited, reviewed or compiled financial statement
- Copy of page one of tax return (other financial data may be concealed)
- Letter from external accountant attesting to revenue level
"Be diligent in these matters; give yourself wholly to them, so that everyone may see your progress."
1 Timothy 4:15
Dean's Award
Recognizes a successful business that goes above and beyond representing the Baylor mission and the Hankamer School of Business values of leadership, learning, impact, innovation, integrity, teamwork, transformation, excellence, exploration and service.
"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
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.
Small Business (less than 50 employees)
Medium Business (50-150 employees)
Large Business (greater than 150 employees)
"Two are better than one, because they have a good return for their labor. "
Ecclesiastes 4:9
Recent Alumni Award
Recognizes a successful business owned or managed by a Baylor Business School graduate who attended within the previous ten years with an undergraduate or graduate degree.
"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
Diversity Award
Recognizes a successful business that is owned or led by a minority Baylor graduate that celebrates diversity and inclusivity across numerous boundaries including racial, ethnic, socio-economic, and religious. This business exemplifies this in its practices of hiring, training and developing employees.
"What then, brothers? When you come together, each one has a hymn, a lesson, a revelation, a tongue, or an interpretation. Let all things be done for building up."
Corinthians 14:26
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.
"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
Community Commitment Award
Recognizes a business that demonstrates a commitment to improving their community.
"Carry each other’s burdens, and in this way, you will fulfill the law of Christ."
Galatians 6:2
Waco's Finest Award
Recognizes a successful, Waco business that exhibits Baylor’s mission and values.
"And let us consider how to provoke one another to love and good deeds."
Hebrews 10:24
