• VenVici

Winning the SMF Business Model Innovation Award!

We are immensely proud to share that we have been awarded the Singapore Manufacturing Federation’s (SMF) Business Model Innovation Award!

About SMF

The SMF, established in 1932, champions Singapore’s manufacturing and manufacturing-related industries.

The SMF Awards

The SMF award pays tribute to successful companies that have created new value through Business Model Innovation and achieved sustainable growth. This year’s awards comprised of three main categories: the SMF Sustainable Growth Award; SMF Business Model Innovation Award and the inaugural SMF Collaborative Partnership Award. The aim of these awards is to let winning companies serve as a beacon for the rest of the business community, inspiring other companies towards transformational growth, and promoting the sharing of best practices.

SMF Business Model Innovation Award

The SMF Business Model Innovation Award, which VenVici won, is the first award in Singapore to recognise companies that have achieved success in transforming their business models. The objective of this Award is to inspire the business community to pursue exceptional growth through business model innovation. This Award celebrates innovative growth strategies in today’s fast-changing business landscape and honors companies that have achieved excellence in innovative thinking and implementation in business model change.

Judging Criteria

The judging criteria for the SMF Business Model Innovation Award is as follows:

– The extent of innovation or change from past and current innovative business model.

– The impact on the company’s profitability and revenue growth.

– The effectiveness of company’s new model and unique selling/value proposition in addressing customers’ needs.

– The process of generating ideas, introducing change, and implementing business model innovation initiatives.

About VenVici’s Business Model

VenVici has reinvented a business model known as the Affiliate Incentivized Marketing (AIM) that combines the efficiency of ‘Affiliate Marketing’ with the effectiveness of ‘Incentive Marketing’.

AIM essentially works towards building a community of affiliates that are incentivized to drive trend and sales for a product. Part of what AIM encompasses is the development of such community we call Resellers. As a Reseller of VenVici, they will be incentivized to recommend people to join the community, consume, purchase or even market our partnering vendors’ products.

AIM builds core affiliates through a Reseller exercise, inducting them through training and a loyalty program tied to compensation and performance. This core group will use their individual social network platforms to build their clientele base. Clients who are interested in the program can also in turn become affiliates in the program.

Resellers in the AIM affiliate program are further incentivized by a scheme which will allow them to be rewarded as a community. This will mean that Resellers are incentivized together with the growth of the community. With the high penetration potential of a community network which is held together by a common interest or goal, in addition with the motivation of being incentivized – AIM is a marketing model that will be able to move products and services into markets expeditiously

170 views0 comments

VenVici Office

Address: 10 Ubi Crescent, #05-11, Singapore 408564

Tel: +65 6521 6805  

Email: contact@venvici.com


Operating Hours:
Mon - Fri: 10am to 7pm

Live Chat

Disclaimer: Venvici Pte. Ltd. (“Venvici”) is not licensed by the Monetary Authority of Singapore (“MAS”). The information contained herein is solely for information purposes only, must be read in its entirety, is strictly confidential, and is supplied for the exclusive attention of the recipient. The recipient undertakes to take all reasonably necessary steps to ensure that under no circumstances should it be copied or distributed to any person other than the recipient’s accounting, investment, legal, or tax advisers.


Notwithstanding anything to the contrary, whether express, implied, or otherwise construed by operation of law:


(a) the information contained herein or part thereof: (i) does not constitute or form part of any offer, subscription, solicitation, or invitation of any offer, anywhere in the world, to subscribe and/or purchase any securities, (ii) shall not constitute an offering document; (iii) should not be treated as any sort of offering material, (iv) shall not be relied on by the recipient in connection with any commitment or contract;  


(b) no person is authorised to give any information or make any representations not contained in this document, and if given or made, such information or representation must not be relied upon as having been authorised by Venvici, its employees, representatives, agents, or any other entity giving and/or making such information and/or representation, or purporting to give and/or make such information and/or representation; and


(c) Venvici does not warrant that any information contained herein or any implication thereof is correct or accurate and it shall be incumbent upon the recipient to independently verify all such information and implications. You are urged to consult with your own consultants and advisors with respect to your own particular circumstances under the laws of the jurisdictions of which you are citizens, residents, domiciliaries, in which you conduct business, or otherwise apply to you.


Any decision to take any step, omit to take any step, enter into any binding agreement, enter into any scheme, etc. should be made after conducting such investigations as you deem necessary, and after consulting your own accounting, legal, and tax advisors and all other relevant advisers and consultants in order to make an independent decision of the suitability and consequences of such action or inaction. You acknowledge and confirm that Venvici has not considered any individual recipient’s circumstances, financial situation, or personal objectives in preparing this information and that this information should not be considered as a recommendation to purchase securities, enter into any binding agreement, enter into any scheme, or to take any step or omit to take any step. You further acknowledge that the Venvici does not act as adviser or agent to you or to any of your clients or customers (if any).


The recipient undertakes to indemnify Venvici on a full indemnity basis for all damages, expenses, costs, penalties, losses, or any other amount incurred or suffered by Venvici reasonably arising from breach and/or intended or anticipatory breach of any of the obligations of the recipient.

© 2019 by VenVici