Award Badge

About the Award

This award honors and celebrates innovations that were conceived, developed, and launched by a private sector organization that have demonstrated measurable positive external impact through strong strategic execution – thereby making significant and meaningful contributions to society and/or a specific industry.

This award is open to any new innovation that has met the award’s criteria by demonstrating a significant positive impact on society or on its respective industry or market. It may be submitted regardless of the individual(s) or organization(s) behind it, and without regard to any other attributes of those parties. Nominations may be submitted by anyone, including self-nomination by the associated individual or organization.

  1. The innovation must be able to demonstrate a significant positive impact – as measured by the relevant criteria established by its launching individual(s) or organization(s).
  2. The innovation must be the product of a defined innovation process spanning its conception, definition, design, development, validation, launch, and scaling.
Each of the above must be attested by the applicant.
  1. Name of the innovation.
  2. Name of the organization.
  3. Nature of the organization.
  4. Contact information of the designated organizational representative.
  5. List the contributors who played a major role in the conception, definition, design, development, validation, launch, or scaling of the nominated innovation.
  6. A detailed description of the innovation being nominated.
  7. A detailed explanation of the positive impact this innovation has produced.
  8. A statement of the specific criteria used to measure the impact of this innovation and the outcomes of those measurements.
  9. A detailed description of the process used to conceive, define, design, develop, validate, launch, and scale the innovation. Include how this process supports a sustainable and consistent innovation pipeline within the organization.
  10. Relevant attachments and supporting documents.
  11. Applicant’s contact information.
  12. A high-resolution version of the organization’s logo (SVG or PNG).
  13. Shipping details.
  14. Applicant’s affirmation of the accuracy of the information provided herein.
  1. The extent to which this innovation was conceived, defined, designed, developed, validated, launched, and scaled through a defined innovation process – and the extent to which that process reflects current, leading innovation practices.
  2. The extent to which this innovation has produced a significantly positive impact – as measured by the relevant criteria originally prescribed for it.
  3. The extent to which all of the affected stakeholders – both internal and external – were involved in conceiving, defining, developing, and delivering this innovation.
  4. The extent to which this innovation has helped to pursue a grander overall – positive – societal transformation (a bigger purpose in the world).

2024 Winners:

TRI-FUEL AUTORICKSHAW (TRIFA)NNPC Limited (Research Technology and Innovation)
KASHIFSaudi Electricity Company
ILUNION Hotels Innovative Business Model With PurposeILUNION Hotels
Human Abnormal Action Recognition Improvement by Utilizing Human Trajectories and Their Associated Physical ParametersAsilla JP