NEW and growing firms in Huddersfield are being urged to compete for a five-figure cash prize.

Organisers of the Startups Awards 2008 are on the hunt for successful new companies that have what it takes to become the “household name” brands of the future.

David Lester, founder of website Startups.co.uk, which organises the competition, said: “The Startups Awards are seeking to identify and recognise a new generation of inspirational new businesses who have flourished, in spite of the troubled economy.”

The awards cover 16 categories, including Innovative Business of the Year, Retailer of the Year, Franchisee of the Year, Young Entrepreneur of the Year, Women in Business Award and Social Enterprise of the Year.

Winners of each category will compete for the title Startups Business of the Year and collect a prize of £5,000.

To take part, businesses must have been trading for less than three years, be privately owned, and employ fewer than 60 people. The closing date for entries is July, 6, 2008. Finalists will be announced on August 15. For details, visit www.startupsawards.co.uk