Award Badge

About the Award

This award honors and celebrates private sector organizations who have deployed a structured and systematic innovation program to develop sustained innovation capabilities with clear strategic intent and execution – and through that program have successfully launched at least three major innovations over the past five years, with each producing a measurably positive outcome that extends far beyond the organization itself.

Open to any legally registered business organization that has met the award's criteria by demonstrating a consistent, multi-year track record of launching impactful innovations. This includes organizations of any size, type, industry, or geographic location. Each year, multiple awards are presented to innovations in the private sector and multiple awards to innovations in the public sector.

  1. The organization must be able to:
    1. demonstrate the sustained launch of a series of positively impactful innovations - as evidenced by the launch of at least three (3) positively impactful innovations over the preceding five (5) years.
    2. describe a defined program by which it has consistently conceived, defined, designed, developed, validated, launched, and scaled each of these innovations - thus affirming its ability and commitment continuing to do so.
  2. The innovations profiled must have:
    1. had a measurably positive impact outside of the organization itself.
    2. met or exceeded its original-established objectives and forecasted levels of impact.
Each of the above must be attested by the applicant.
  1. Name of the organization being nominated.
  2. Nature of the organization.
  3. Location of the organization and website.
  4. Contact information of the designated organizational representative.
  5. Description of the organization’s structured innovation program used to consistently generate a steady pipeline of impactful innovations each year.
  6. Profile of at least three innovations launched in the past five years, including their positive external impact and the percentage to which each met or exceeded its original objectives.
  7. Relevant attachments and supporting documents.
  8. Applicant’s contact information.
  9. A high-resolution version of the organization’s logo (SVG or PNG).
  10. Shipping details.
  11. Applicant’s affirmation of the accuracy of the information provided herein.
  1. The extent to which this organization has demonstrated the sustained launch of a series of positively impactful innovations (3 or more over the past 5 years).
  2. The extent to which each of these innovations has had a measurably positive impact outside of the organization itself.
  3. The extent to which each of these innovations has met or exceeded their original-established objectives and forecasted levels of impact.
  4. The extent to which this organization has engaged all of the impacted stakeholders – internal and external – in conceiving, defining, developing, and delivering these innovations.
  5. The extent to which this organization has a defined program through which it has consistently conceived, defined, developed, and delivered these innovations – thereby reflecting its ability to continue doing so.
  6. The extent to which this organization – through these efforts – has helped to pursue a grander overall (positive) societal transformation (a bigger purpose in the world).

2024 Winners:

Saudi Awwal Bank
solutions by stc
Alserkal Group L.L.C
Zalvadora
Vaibhav Global Limited
XGenome Biotech Company
Ibtechar