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.