Innovation Awards
The Economist sponsors the yearly "The Economist Innovation Awards", in the categories of bioscience, computing and communications, energy and the environment, social and economic innovation, business-process innovation, consumer products and a special “no boundaries” category. The awards have been held since 2002. Nominations are held between 2 and 30 April. The award ceremony is then hosted on 15 November. Choices are based off the following factors:
- How much revenue their innovation has made their company or its economic impact on a specific good cause or society in general
- The effect their work has had on the marketplace (or if it's created a whole new marketplace altogether)
- The impact their innovation has had on a new type of science or technology
Read more about this topic: The Economist
Famous quotes containing the word innovation:
“Both cultures encourage innovation and experimentation, but are likely to reject the innovator if his innovation is not accepted by audiences. High culture experiments that are rejected by audiences in the creator’s lifetime may, however, become classics in another era, whereas popular culture experiments are forgotten if not immediately successful. Even so, in both cultures innovation is rare, although in high culture it is celebrated and in popular culture it is taken for granted.”
—Herbert J. Gans (b. 1927)