Company Awards Criteria
The following outlines the criteria which will be applied in selecting the winner for the Company Awards in which there are three categories
- Leader in Innovation Excellence - Large Company or Organisation (>150 employees)
- Leader in Innovation Excellence - Medium Company or Organisation (50 - 150 employees)
- Leader In Innovation Excellence - Small Company or Organisation (<50 employees)
The on-line application form for each category must contain:
- Product Description: Provide a clear and concise overall summary of the concept/product/ process/or service and how it will be applied or used;
- Technical Detail: Provide a clear technical description demonstrating the engineering features including its unique or significant application in the market;
- Objective Data: Significant weighting will be given to the amount of local engineering and development and/or has significantly contributed to the project. The submission should not focus on promotional material and include independent assessment where available.
- Market Demographic: Explain what the intent of the product or innovation is, what is the market for the product and who is going to directly benefit. Also explain what are the “unique desirability factors” and who is the ultimate customer. Applicable customer demographics may also be included in this section.
- Environmental Benefits and Sustainability: Explain the potential environmental and sustainable attributes and benefits of the product in the market or wider community.
- Product Availability: Provide information on the expected timing for availability of the product. Is it fully developed and immediately available or undergoing further evaluation? If not market ready, indicate the time frame in which it is expected to be fully mature and ready for use by potential customers.
- Product Life Cycle: Detail the expected life cycle of the product and/or its applicability to a variety of applications. Has the product the potential to be used as a benchmark in the foreseeable future in the industry or within other sectors?
- Other Considerations: Highlight any unique or intangible attributes, or other aspects of the product not already covered by earlier sections.
