The New Jersey chapter of Entrepreneurs’ Organization (EO NJ) and The Star-Ledger/NJ.com announced the first annual Garden State Entrepreneur Excellence Award – an award created to honor New Jersey-based companies that exemplify the entrepreneurial spirit of the state. The award was conferred upon entrepreneurs in three levels of distinction separated by 2012 revenues: up to $1M, $1M-10M, and $10M+. The finalists were recently announced and three companies from NJIT’s Enterprise Development Center (EDC) made the list. LB Electric Co, LLC, founded by Leon Baptiste, won in their category. Phone.com Inc., founded by Ari Rabban, and iSpeech, Inc., founded by Heath Ahrens, were runners up.