Criteria & Requirements for Nominations

Why Nominate A Business?

This award provides lasting recognition of a company’s innovative heritage. In addition, recipients receive:

  • Formal Award presentation at SBANE’s “Evening of Innovation” Gala
  • Entry into SBANE’s “Circle of Excellence”
  • Award announcements in local media outlets
  • Recognition from SBANE’s nationally recognized Partners and Sponsors
  • Membership in SBANE’s Innovation Center Program

What Type of Businesses Should Be Nominated?

  • Technology
  • Manufacturing
  • Service
  • Retail/Distribution
  • Non-Profit
  • Rising Star

The Rising Star category will be given to an early stage business that has clearly demonstrated the validity of its business, but may not yet be profitable.

Non-profit organizations will be considered in a separate category utilizing the same criteria except “profitability.”

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.

Requirements

  • Innovative business in its field
  • Independent and headquartered in New England
  • In business for a minimum of 2 years
  • 10 – 300 employees (profit) / 2 – 300 employees (non-profit)
  • $100 million maximum revenue

While profitability is not a requirement, our panel of judges weigh heavily on those businesses that have demonstrated the validity of their innovation through bottom line results.

Judging Criteria

  • Compelling idea/technology
  • Demonstrates significant benefit to users and addresses market need or creates a new market
  • Marketplace success measured by profit, volume, growth rate, customer commitments, user reviews, ROI, and market impact
  • For non-profit organizations, success in the field, measured by impact in the community, growth rate, evaluation data, external review, or other metrics

How To Nominate A Business

Nominations will only be accepted on-line.  Click here to nominate a business.

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