Take part getting award we hear for initiative (10)
I believe the answer is:
enterprise
'initiative' is the definition.
('enterprise' can be a synonym of 'initiative')
'take part getting award we hear' is the wordplay.
'take part' becomes 'enter' (I've seen this before).
'getting' is a charade indicator (letters next to each other).
'award' becomes 'prize' ('prize' can be a synonym of 'award').
'we hear' indicates a 'sounds like' (homophone) clue.
'prize' is a homophone of 'prise'.
'enter'+'prise'='ENTERPRISE'
'for' is the link.
(Other definitions for enterprise that I've seen before include "New project" , "business concern" , "Company" , "audacity" , "Initiative - undertaking - business" .)