More than 200 people attended a cocktail celebration at Launceston's Hotel Grand Chancellor.

The awards were displaced by the COVID-19 pandemic in 2020.

This year's competition particularly tight, according to Launceston Chamber of Commerce executive officer David Peach.

"In our search for the best of the best, we asked for stories of resilience in a time of disruption," Mr Peach said.

"Testament to the optimism of Northern Tasmania, we received over 100 entrants in 20 categories which was trimmed to finalists are an exhaustive judging process.

"We've retained the same categories as 2019 and the diversity of responses has been gratifying, highlighting the resilience in the Launceston business community.

"In two categories, the judges elected to award Highly Commended awards as the standard was just so high.

"The winners of each category can justifiably claim to being at the top of their game, in what have been extraordinary times."

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Tameka Smith of Key2 Property was awarded Highly Commended for the Young Professional of the Year category.

VEC Civil Engineering Pty Ltd's Perth Bypass project was awarded Highly Commended in the Exceptional Workplaces category.

Mr Peach thanked Tasplan, calling them "simply exemplary event sponsors", making it possible to stage the awards.

"This amazing night reflects and celebrates the underlying resilience of the business community in the north and the high standards of entrepreneurism in Launceston," he said.

Business of the Year was awarded to Definium Technologies, which also took out the Manufacturing Excellence award.

"Business of the Year, Definium Technologies, were outstanding winners this year, and ranked highly in all categories entered," Mr Peach said.

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