Business and innovation

Business Awards

Our Business Awards recognise the significant contribution that physicists and physics make in industry across all sectors and at all stages – from start-ups to multi-national corporations. The awards are a celebration of entrepreneurship, excellence in innovation and the successful implementation of physics into a product or service.


Business Innovation Award

This award recognises and celebrates companies that have excelled in innovation, delivering significant economic and/or societal impact through the application of physics.

Why apply

As the winner of this award you can expect:

  • prestigious validation of your innovative application of physics and its impact
  • collateral to enhance funding and investment applications for future developments
  • an increased confidence in your business innovation, especially among new customers
  • evidence of company excellence in the commercial application of physics for the recruitment of talented, young physicists.

As the winning company you will:

  • receive a trophy and an e-trophy for use on marketing material and websites
  • attend and exhibit at a Parliamentary reception, providing an opportunity to network with funding agencies, key industry figures and MPs (T&S costs funded by IOP)
  • receive an invitation to the IOP Awards’ dinner with the opportunity to bring key employees to celebrate their success
  • have your award winning innovation highlighted in IOP marketing material and social networks
  • have the opportunity to present at relevant meetings and conferences, increasing your profile across the IOP network
  • be able to participate in our new Business Innovation and Growth Group, making connections to help build an even stronger business.

Eligibility

This award is open to companies or a subsidiary based in the UK or Ireland and who demonstrate excellence in the innovative application of physics to a product or service, leading to:

  • business improvements or growth in terms of turnover or job creation or
  • substantive societal and/or other impact as a result of the innovation.

How to apply

Applications are now closed and will reopen in February 2020.

If you have any questions, please send them to business.awards@iop.org. Include your phone number and a member of the team will get back to you.

See previous winners of the Business Innovation Award.

Business Start-Up Award

This award recognises and celebrates young companies with a great business idea founded on a physics invention, with the potential for business growth and significant societal impact.

Why apply

Receiving the Business Start-Up Award is a quality seal for a product, validation that the physics and its implementation is sound and that the business concept has merit. It will help a young company by:

  • improving future investor and customer confidence in the company and product, potentially paving the way for future funding and sales
  • providing constructive feedback from seasoned business leaders on the award judging panel
  • raising the profile of the company and its product.

As the winning company you will:

  • get access to IOP business support
  • receive a trophy and an e-trophy for use on marketing materials
  • attend and exhibit at a Parliamentary reception, providing an opportunity to network with funding agencies, key industry figures and MPs (T&S costs funded by IOP)
  • have your award winning innovation highlighted in IOP marketing material and social networks
  • receive an invitation to the IOP Awards’ dinner with the opportunity to bring key employees to celebrate their success
  • have the opportunity to present at relevant meetings and conferences, increasing their profile across the IOP network
  • be able to participate in our new Business Innovation and Growth Group, making connections to help build an even stronger business.

Eligibility

To be eligible your company must:

  • have been incorporated in the last five years, either in the UK or Ireland
  • be beyond the prototype stage that proves functionality
  • provide a sound business plan aiming to make a profit
  • have some proof of validation of a need for the product, ideally by a potential customer.

How to apply

To apply please visit our awards platform to start your nomination. Applications are open until 17 May 2019.

If you have any questions, please send them to business.awards@iop.org. Include your phone number and a member of the team will get back to you.

See previous winners of the Business Start-Up Award.

Awards for individuals in business

We have three prestigious medals and prizes awarded to an individual for their contribution to the application of physics in an industrial, commercial or business context.