MACAU, Dec. 21, 2018 /PRNewswire/ -- Enterprise Asia, the leading non-governmental organization for entrepreneurship in Asia, announced 35 winners at the International Innovation Awards (IIA) 2018 held at MGM Cotai, Macau.
Over 400 attendees were present at the event, comprising of industry experts, entrepreneurs, and innovation leaders. Apart from Supporting Organizations such as Macao Trade and Investment Promotion Institute (IPIM), Hong Kong-Thailand Business Council, InvoTech, MIT Hong Kong Innovation Node, The Malaysian Chamber of Commerce (Hong Kong & Macau), and TiE (The Indus Entrepreneurs), the event was also attended by dignitaries including Tan Sri Dr. Fong Chan Onn, Former Human Resources Minister of Malaysia, and Chairman of Enterprise Asia, Datuk Seri Dr. Victor Wee, Former Chairman of Tourism Malaysia, and Advisor to Enterprise Asia, Dr. Eugene Chien, Former Minister of Foreign Affairs, Minister of Environment, Taiwan and Advisor to Enterprise Asia, Lieutenant General Sudhir Sharma, Former Quartermaster, General, Indian Army, and Advisor to Enterprise Asia and Dato' William Ng, President of Enterprise Asia.
According to Dr. Fong, "Companies that encourage a culture of innovation within their respective businesses are already reaping the rewards of more rapid growth, better employee engagement and resilience against economic trends. There is little doubt that innovation is today the key game changer for many businesses, and this will continue to be so."
"Enterprise Asia is pleased to have recently launched our Innovation Ecosystem for Enterprises. We call it the 'InnovationRev'. At the heart of this new initiative is the InnoMarkTM, a new global certification for innovation, which today counts innovation leaders such as Adidas, Microsoft and Intel among its proponents. The InnoMarkTM adopts our proprietary 8-Dimension of Innovation -- which includes areas such as defendability and enforceability, impact and measurability as well as ideation and creativity. This will not only help define the best practice in innovation but provide a platform through which companies could showcase the results of their innovation," shared Mr. Ng.
Organized by Enterprise Asia, IIA is the most coveted global recognition program which aims to recognize and honour best innovative practices in the categories of Product, Service & Solution, and Organization & Culture, with the goal to encourage organizations to continue investing in innovations. Judging parameters include innovation distinction, practicality and performance, commercial viability, social and economic impact, replicability, and institutional support. Judges for the IIA is comprised of a panel of innovation experts and thought leaders, while scoring is done using the proprietary 8D Benchmark. The Awards is part of the third dimension of Enterprise Asia's purpose: Democratizing Entrepreneurship, Institutionalizing Sustainability and Empowering Innovation.
This year, the committee received more than 160 international nominations across 24 industries. Some of the winners include Dell Inc., Singapore; Ogawa World Berhad, Malaysia; Bangchak Corporation Public Company Limited, Thailand; CTBC Financial Holding Co., Ltd., Taiwan; Ping An Group (Ping An Technology), China; Etiqa Insurance Pte Ltd, Singapore; and Roads & Transport Authority, Dubai.
BIBOTING Healthcare Massager emerged as one of the winners under the product category. According to Ms. Calleen, Marketing Manager of Biboting International Co., Ltd., "BIBOTING Healthcare Massager is a device that combines both Chinese Traditional and Modern Technology. It is absolutely an innovative and unique product. Winning this award is a great encouragement and affirmation to us, because "innovation" is what our company has already been doing for 24 years. In the future, we will continue to innovate, and let everyone be healthy, beautiful and confident."
Another entry, The Online Market Place For Machinery Spare Parts by 88Spares Pte Ltd won under the service and solution category. "This is absolutely a huge milestone that validates our entire business model, and our vision to transform the spare parts market in our niche digitally. As we are still a very new pre-Series A startup company in the early stages, winning this award at this stage gives us full confidence that we will be able to be an authority in our niche and truly conquer the South East Asian market in merely a short period," shared Mr. Hartmut Molzahn, Co-Founder, Chairman, and CEO of 88Spares Pte Ltd upon receiving the award.
In conjunction with IIA, Enterprise Asia also organized the International Innovation Summit (IIS) 2018, themed "Think 'X' Marks the Spots". The event convened over 400 industry experts, entrepreneurs, and innovation leaders from across the world for an exchange on innovation across industries - recent breakthroughs, its future, and continuous challenges, encouraging a melting pot of diversity and inspiration. IIS aimed to empower entrepreneurs and businesses to invest in innovation, and to rapidly adapt and institutionalize innovation within their organizations. Most importantly, the summit served as a platform to benchmark against leading organizations and to drive sustainable growth through networking and collaboration.
Keynote speakers at the IIS include Peter Clark of Standard Chartered Bank Hong Kong, Hanna Hallin of H&M Greater China, Michelle Lo of Johnson & Johnson (Taiwan & Hong Kong), Ted Suen of MTR Corporation, Normandy Madden of The Digit Group, and Marina Chan of MIT Hong Kong Innovation Node.
RECIPIENT LIST OF THE INTERNATIONAL INNOVATION AWARDS 2018
Product Category
Service & Solution Category
Organization and Culture Category
PR Newswire is the official regional news distribution partner of Asia Pacific Entrepreneurship Awards 2018.
About Enterprise Asia
Enterprise Asia strives to create an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development reinforced by its strong pillars of: Democratizing Entrepreneurship, Institutionalizing Sustainability and Empowering Innovation. For more information about Enterprise Asia, please visit www.enterpriseasia.org.
About International Innovation Awards
The International Innovation Awards is an annual regional recognition program that recognizes outstanding innovations, and in the process encouraging organizations to continue investing in innovations. For more information about the International Innovation Awards 2018, please visit www.innovationaward.org
About the International Innovation Summit
The International Innovation Summit provides an unparalleled platform for innovators that is power-packed with networking and sharing of insights with an elite community of business leaders. The summit aims to resolve major challenges in innovation structures and at the same time searching for opportunities and new ideas to drive business growth for the future. The International Innovation Summit 2018 is an annual program organised by Enterprise Asia. For more information, visit www.innosummit.org.
