The distinguished awards symbolize the persistence and excellence personified by Thomas Alva Edison, inspiring America's drive to remain in the forefront of innovation, creativity and ingenuity in the global economy.
"This year's Awards recognize a broad array of innovations including far-reaching products, services and technologies that impact daily life, " said Edison Awards Steering Committee chair Sarah Miller Caldicott, a great grandniece of Thomas Edison. "The Awards applaud the forward-thinking innovations for which Thomas Edison remains internationally admired. It's exciting to see companies like inno360 continuing his legacy of challenging conventional thinking."
"Being a finalist in the prestigious Edison Awards program is an honor, and testament to the vision of our founders, the adoption by our clients of the technology, and the unwavering commitment of the company to bring this new and exciting technology to market, " said Frank Kovacs, Chief Marketing Officer, inno360. "Over the course of the last two years, with the help of our partners General Mills, Procter and Gamble, and the combined AFRL/ WBI team, we have built a world-class application that enables our customers to find innovators and solutions to business challenges easier, faster, and in a more streamlined manner. Acknowledgement by the Edison Awards is further proof that we are on the right track with our novel, approach to Open Innovation and Managed Innovation Ecosystems" he continued.
The ballot of nominees for the Edison Best New Product Awards™ is judged by roughly 2,000 members of the not-for-profit Marketing Executives Networking Group (MENG), an organization comprising America's top marketing professionals and academics. In a comprehensive peer-review process, the nominees are judged on Marketplace Innovation, Marketplace Success, Technological Innovation, Market Structure Innovation, Societal Impact, and Design Innovation.
Winners of the Gold, Silver and Bronze awards will be announced April 5, 2011 at the historic Capitale ballroom in New York. In addition to announcing this year's Best New Product Award recipients, the evening will feature the presentation of the prestigious Edison Achievement Award to Alan Mulally, CEO of Ford Motor Company, and to John Hendricks, Founder and Chairman of Discovery Communications, both of whom have made a significant and lasting contribution to innovation throughout their careers.
The Edison Awards Steering Committee is comprised of senior executives with diverse marketing, scientific, and business backgrounds who monitor the development and successful launch of innovative products each year. The Committee is responsible for bestowing the annual Edison Achievement Awards and serves as a guidepost in developing the list of nominees that is presented to the Edison Best New Product Award judges.
The 2011 Edison Awards (edisonawards.com) are sponsored by The Nielsen Company, Discovery Channel, Science Channel, Spencer Trask and Bzz Agent. The Edison Awards are granted under the aegis of the Thomas A. Edison Papers at Rutgers University, a globally recognized research network dedicated to the study of innovation and its application in the 21st Century.
inno360, Inc. (inno-360.com) is the leading provider of a global Software as a Service (SaaS) platform for open innovation. inno360™ empowers companies to drive organic growth, achieve order-of-magnitude improvements in innovation effectiveness and productivity through the availability of "infinite innovation™" ecosystems created through a unique innovation engine. inno360™ enables private and public clients to dynamically define new networks of knowledge and best fit talent, and rapidly build their own proprietary innovation ecosystems. The platform includes access to millions of global innovators and leading-edge technology. Included capabilities assist with problem definition, Innovator Relationship Management™ (IRM), innovation campaigns, internal and external collaboration, and proposal management. Together, these capabilities and innovation communities provide an unparalleled foundation for organizations to drive top-line growth and bottom-line results by accelerating time to innovation - globally. The Company was co-founded by visionary venture capital firm SpencerTrask&Co and some of the world's leading visionaries and pioneers in open collaboration.