Award Description

Frost & Sullivan’s Technology Innovation of the Year Award is bestowed upon a company that has carried out new research, which has resulted in innovation(s) that have or are expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture. This Award recognizes the quality and depth of a company’s research and development program as well as the vision and risk-taking that enabled it to undertake such an endeavor.

Research Methodology

To choose the Award recipient, Frost & Sullivan’s analyst team tracks innovation in key hi-tech markets. The selection process includes primary participant interviews and extensive primary and secondary research via the bottom-up approach. The analyst team shortlists candidates on the basis of a set of qualitative and quantitative measurements. The analyst also considers the pace of research and technology innovation and the significance or potential relevance of the innovation to the overall industry. The ultimate Award recipient is chosen after a thorough evaluation of this research.

Measurement Criteria

In addition of the methodology described above, there are specific criteria used to determine the final rankings. The recipient of this Award has excelled based on one or more of the following criteria:

•  Significance of the innovation(s) in the industry, and across industries (if applicable)

•  Potential of the products of innovation(s) to become industry standard(s)

•  Competitive advantage of innovation versus other related ones

•  Impact (or potential impact) of innovation(s) on company or industry mindshare and/or company bottom line

•  Breadth of intellectual property related to the innovation(s), i.e. patents, scientific publications, papers in peer reviewed journals.