The Innovation Award – Sponsored by Hertfordshire LEP and Stevenage Bioscience Catalyst
This award celebrates businesses who are prepared to conceive, test and practice new ideas.
The judges will be looking for evidence that include the majority of the following points:
Real Innovation – Is this a new idea or rehash of an old idea?
Measurable Results – Demonstrate how the innovation has been proven by usage and offer comparable results.
Practicality – Show how the innovation has benefited staff and/or management.
Cost impact – Was innovation expensive, what running costs are involved and are these compensated by returns?
Company’s overall attitude to change – Was this a one off or is the company actively seeking and developing new areas?
Usefulness elsewhere – Show how this innovation could affect other businesses. Could it be transferred successfully elsewhere, and interpreted into other developments?
Eckoh PLC won the Innovation Award in 2013
The judges said: “Eckoh designed a solution for handling 100 per cent of debit and credit card payments in a fully compliant and secure manner 24 hours a day, whilst maintaining excellent customer service and increasing contact centre efficiency.”
Group Finance Director Adam Moloney said: “It started when we were talking in the office and saying that we hadn’t entered an awards since 2007 and we felt we ought to try and get more recognition, so we decided to enter. We’re really delighted, it’s fantastic as there are a lot of exceptional businesses here tonight.