Michelle Sung (宋美蒔), founder, president and chief executive officer of TenArt Biotech Ltd., is a prominent example of the economic dynamism and leadership that women are providing through their entrepreneurial endeavors. TenArt, a manufacturer of cosmetics and skin care products, was named one of the inaugural winners of the FT-Standard Chartered Taiwan Business Awards 2014 at the Taiwan Economic Summit held in Taipei in July. Co-organized by the bank and the Financial Times newspaper, the Taiwan Economic Summit was first staged in 2013 to allow business leaders, economists, financial experts and government officials to discuss the country’s competitiveness and economic growth strategies. The awards were introduced during the second edition of the event this year.