In 2004, the founder members agreed that Namibia has more than enough entrepreneurial role models to emulate. The team consisted of Johanna Cloete, Country Director of Junior Achievement at the time, now Managing Director of GEN Namibia, Mr. Tarah Shaanika as CEO of Namibia Chamber of Commerce and Industry (NCCI), a representative from coca cola Namibia Mrs Ronel de Beer, and Standard Bank Namibia Mr. Thaddius Maswahu former Marketing Manager of the bank. Criteria for Laureates to be recognized was determined with potential candidates should adhere to before induction is considered.