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New England Innovation Awards Criteria

 

Why Nominate A Business?
 

This award provides lasting recognition of a company’s innovative heritage. In addition, recipients receive:

·         Formal Award presentation at SBANE’s “Evening of Innovation” Gala
·         Entry into SBANE’s “Circle of Excellence”
·         Award announcements in local media outlets
·         Recognition from SBANE’s nationally recognized Partners and Sponsors
·         Membership in SBANE’s Innovation Center Program

 

What Type of Businesses Should Be Nominated?

·         Technology
·         Manufacturing
·         Service
·         Retail/Distribution
·         Non-Profit
·         Rising Star
 

The Rising Star category will be given to an early stage business that has clearly demonstrated the validity of its business, but may not yet be profitable.
 

Non-profit corporations will be considered in a separate category utilizing the same criteria except “profitability.”
 

Innovation does not always fall neatly into a single category. If a company meets the requirements but does not fit a category, the committee will consider the entry on its merits.
 

Requirements
 

·         Innovative business in its field
·         Independent and headquartered in New England
·         In business for a minimum of 2 years
·         10 – 300 employees (profit) / 2 – 300 employees (non-profit)
·         $100 million maximum revenue
 

While profitability is not a requirement, our panel of judges weigh heavily on those businesses that have demonstrated the validity of their innovation through bottom line results.

 

Judging Criteria
 

·         Compelling idea/technology
·         Demonstrates significant benefit to users and addresses market need or creates a new market
·         Marketplace success measured by profit, volume, growth rate, customer commitments, user reviews, ROI, and market impact

How To Nominate A Business
 

Nominations will only be accepted on-line.  Click here for a nomination form www.sbane.org/innovation-center/award-application

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