Innovation Leader Impact Awards

Innovation Leader’s Impact Awards honor companies and individuals that have achieved extraordinary outcomes related to their innovation programs. Unlike other awards, Innovation Leader’s program is based on what matters; namely, the impact of your programs (i.e., not the existence of the programs themselves).

2020 award applications will be accepted from March 9, 2020 through June 26, 2020. You can read about our 2019 Impact Award winners or watch a webcast that features several of them talking about their winning initiatives.

There are three award categories for 2020:

  • Impact Award ($295 entry fee)
  • Best New Initiative ($295 entry fee)
  • Most Valuable Player (no entry fee)

The 2020 Impact Awards reception will be a central part of the Impact 2020 conference in Boston on October 19-21, 2020. Registration for that event is now open for corporate innovation, strategy, R&D, and new ventures leaders in large organizations.

About the Awards Program

Have you delivered impact through a crowdsourcing program, innovation lab, employee idea challenge, corporate VC program, or other innovation strategy — whether internally or externally focused? Do you have a team member who has been doing incredible work? Then you should be submitting to the Impact Awards!

Our Impact Awards acknowledge established initiatives that are over a year old and have delivered concrete business results. Our Best New Initiative Awards recognize promising and well-designed programs that have been in place for a year or less, and may not have outcome metrics yet. Finally, our Most Valuable Player Awards honor members of innovation teams that have contributed significantly to projects or organizational change. Quantitative metrics should be used in your awards submission whenever possible. Entries will be accepted starting in March 2020. Winners will be announced at our annual conference, Impact.

Timelines and Deadlines

  • March 9, 2020: Submissions open for 2020 awards cycle
  • June 26, 2020: Deadline for all submissions
  • August 10, 2020: Finalists announced for 2020 Impact Awards
  • September 18, 2020: Winners of the 2020 Impact Awards announced
  • October 19-21, 2020: Winners honored at Impact 2020

Eligibility Criteria

Impact Award: Entries are valid for work undertaken between January 1, 2017 and June 26, 2020. Because many innovation initiatives take several years to create meaningful impact, we’ve allowed for an extended eligibility period to capture initiatives for which you may have measurable impact data or metrics. Entries will be accepted from companies that have more than 1,000 employees AND generate at least $100 million in annual revenue. Companies from all industries and locations are encouraged to apply. Best New Initiative Award: This category is for innovation initiatives that have been in place for less than one year but are showing potential — if not yet measurable financial results. This category will be judged based on thoughtful design, creativity, and putting in place the foundations for long-term success. (Note: an initiative should be entered only in the Impact Award or Best New Initiative Award categories, but not both.) Most Valuable Player Award: Any individual at any level of seniority working for an innovation, R&D, corporate venture capital, new product development, or similar team, who has been involved in delivering tangible organizational outcomes. We'll also consider MVP candidates who may work in a central function or business unit, but have collaborated or supported innovation groups in important ways. (Note: people involved in an Impact Award or Best New Initiative Award entry can be submitted for MVP Awards as well.)

FAQ

What are the Impact Awards?

Innovation Leader, a fast-growing publishing and events company, created the Impact Awards to honor companies and individuals that have achieved extraordinary outcomes related to their R&D, HR, new product development, and other innovation-related initiatives.

Are there fees to enter?

Entries are free for members of Innovation Leader (click here for more information on membership). Non-members will be charged $295 for each entry in the Impact Award and Best New Initiative categories. Both members and non-members can submit to the MVP Awards free of charge.

Can I submit more than one entry?

Yes, you may submit multiple entries if there are several projects, initiatives, or individuals that you’d like to have considered for awards. (Please do not submit the same project/initiative in the Impact Award and Best New Initiative categories, however: choose one.)

Who are the judges?

Finalists will be chosen by Innovation Leader’s editorial team, but we’ve assembled a panel of judges to choose the winners from the pool of awards finalists.

How will the winners be announced?

The winners will be announced during our annual conference, Impact 2020 and in the fall edition of our print magazine.

What will the winners receive?

Winners receive a beautiful award at our awards reception on October 20, 2020. Impact Award winners will have the opportunity to host a lunch discussion table at our Impact event to share about their initiative. Impact Awards and Best New Initiative Awards winners will receive one complimentary ticket to Impact 2020. (Vendors and consultancies, if you submit an award on behalf of a client, please note that if your client wins, only the client has the opportunity to attend Impact and present at the conference. We are able to provide additional trophies to firms submitting on behalf of a client, for a small fee, and we will credit vendors and consultancies in any write-ups related to the winners that appear online or in print.)

All winners — for the Impact, Best New Initiative, and MVP categories — will be recognized on stage at our awards ceremony on October 20, 2020.

All winners will be promoted by Innovation Leader in all its vehicles, including email, online, and print (print magazine reaches 20,000+ innovation executives). The winners will also receive recognition in a press release issued at Impact, and during the conference program at Impact 2020. Winners will also receive a digital logo for royalty-free use online and in print, and will be promoted to our community of innovation execs via social media and our newsletter.

Am I required to attend Impact 2020 in order to submit for the Impact Awards?

Award submitters are encouraged to attend Impact 2020, but are not required to purchase a ticket in order to submit. If you have purchased a ticket and win an Impact Award or Best New Initiative Award, you will have the ability to give your complimentary award winner ticket to another colleague. MVP winners will have the ability to purchase a discounted ticket to Impact.

Who were the past winners?

Past winners include Medtronic, USAA, Johnson & Johnson, Cisco, Citi, DBS Bank, Bosch, Duke Energy, and more. See the complete lists from 2018 and 2019.

What should I do before starting the entry process?

It can be helpful to write up your entry (600 words or less) before you begin the submission process. You can do this in any word processing program, and cut-and-paste into the entry form. For the Impact Award category: please focus on not only describing the initiative, but also tangible business results and impact as much as possible. (Let us know in the entry if some data needs to be confidential.) Best New Initiative Award: please focus on the design, creativity, and foundations you've put in place, as well as any early outcomes. (Note: an initiative should be entered only in the Impact Award or Best New Initiative Award categories, but not both.) Most Valuable Player Award: please focus on this person's work and contributions, and any business outcomes they were vital to.