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In 2011, the site won third place in the Open Data Challenge. Vice President of the European CommissionNeelie Kroes said the site "is the kind of resource the (Digital) Single Market needs and it is encouraging to see that it is being built." The project was represented on the European Union's Core Vocabularies Working Group's Core Business Task Force.
In early 2012, the project was appointed to the Financial Stability Board's advisory panel on a Legal Entity Identification for Financial Contracts.
In July 2015, OpenCorporates was a finalist in both the Business and Publisher categories at the Open Data Institute Awards. It was announced as the winner of the Open Data Business Award due to work with promoting data transparency in the corporate sector.