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INNOVATION

SBANE calls for 2013 innovation awards nominations

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WALTHAM, Mass. – The Smaller Business Association of New England is calling for nominations for the 2013 New England Innovation Awards.

“Innovation is at the heart of economic prosperity and SBANE continues to recognize those companies that have transformed their innovative ideas into a product or service that delivers proven value to customers,” said an association release.

SBANE is asking for nominations for businesses in six different categories: technology, manufacturing, service, retail/distribution, nonprofit and “rising star.” The rising star award will be given to an early stage company, which as “clearly demonstrated the validity of its business, but may not yet be profitable,” according to the association’s website.

To qualify, a company must be an innovative business in its field, independent and headquartered in New England, have been in business for a minimum of two years, have between 10 and 300 employees (or between two and 300 employees if nonprofit) and have maximum revenue of $100 million.

Award winners will be businesses which have a compelling idea or technology that demonstrates “significant benefit” to users and addresses market need or creates a new market. Judges will also consider marketplace success as measured by profit, volume, growth rate, customer commitments, user reviews, ROI and market impact.

For nonprofit organizations, judges will consider success in the field as measured by impact in the community, growth rate, evaluation data, external review and other metrics.

According to the SBANE website, “innovation does not always fall neatly into a single category. If a company meets the requirements but does not fit a category, the committee will consider the entry on its merits.”

Winning companies will receive a formal award as SBANE’s “Evening of Innovation” gala on Wednesday, May 8. In addition, companies will enter SBANE’s “Circle of Excellence” and receive membership into the association’s Innovation Center program.

All nominations must be submitted online at www.sbane.org by Wednesday, Feb. 27.

SBANE, SBANE.org, rhode island, nonprofit, Smaller Business Association of New England, New England Innovation Awards

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