A £30,000 prize for using information and communication technology has been launched by small firms minister Michael Wills.
The joint awards, set up by the Information Society Initiative and Interforum (a non profit body), are aimed at firms demonstrating business excellence by trading electronically.
Twelve regional heat winners will receive £5,000. The national winner, chosen in June, will collect an additional £30,000.
The scheme is open to companies with fewer than 250 staff and which have improved business by electronic means. This will be primarily the internet, but faxes and CD-Roms are also eligible. BT and NatWest are sponsors.