Description
The Innovation Award honours a business that has developed a process, product or service that is original and contributes to profitability and/or market share. This is demonstrated through the use of science and/or technology to create a business that is original or unique; shows a high degree of originality, creativity and/or experimentation to design and realize innovation; and demonstrated commercialization or quantifiable growth within new and/or existing markets.
Requirements
Eligibility Requirements:
- Nominee must be an active business located or operating in the Greater Victoria Region
- Nominee does not have to be a member to be nominated, but must be a member to move on in judging
- Staff, immediate family and current Board members of The Chamber are not eligible to be nominated for this award
Two finalists will be announced after the judging period and invited to attend the 2023 Business Awards on 6:00pm, May 4, 2023 where the winner will be announced.
The two finalists will be contacted and filmed for a short video featuring their business that will be presented at the 2023 Business Awards. Ideally the video should feature/highlight the person who will be representing their business at the 2023 Business Awards.
Criteria
| Criterion | Weight |
|---|---|
| Demonstrated that their unique process, product or service contributes to profitability and/or market share? | 22.5% |
| Use of science and/or technology to make the business unique | 22.5% |
| Demonstrates originality, creativity and/or experimentation to design and realize innovation | 22.5% |
| Shows quantifiable growth in new or existing markets and the ability to commercialize | 22.5% |
| Other noteworthy contributions and accomplishments | 10.0% |