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The scheme was established as The Queen's Award to Industry by a royal warrant of 30 November 1965, and awards are given for outstanding achievement by UK businesses in the categories of innovation, international trade, sustainable development and promoting opportunity through social mobility.
The winners of the Queen's Award for Enterprise for Innovation in 2016 were announced on 21 April, by Businesses Secretary Sajid Javid. It marked the 50th anniversary of the awards scheme as well as the Queen's 90th birthday. There were 92 winners in the Innovation category in 2016. Notable recipients include: JCB Ltd; M Squared Lasers Limited
Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. [1] ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value ". [2]
Innovation system. The concept of the innovation system stresses that the flow of technology and information among people, enterprises, and institutions is key to an innovative process. It contains the interactions between the actors needed in order to turn an idea into a process, product, or service on the market.
Technological innovation system. The technological innovation system is a concept developed within the scientific field of innovation studies which serves to explain the nature and rate of technological change. [1] A Technological Innovation System can be defined as ‘a dynamic network of agents interacting in a specific economic/industrial ...
The Queen's Award for Enterprise: Innovation (Technology) (2007) was awarded on 21 April 2007, by Queen Elizabeth II. Recipients. The following organisations were awarded this year. Air Products PLC, Packaged Gases Group of Basingstoke, Hampshire for Integra-Maxx gases and cylinders for welding and cutting.
Small and medium-sized enterprises ( SMEs) or small and medium-sized businesses ( SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
The Enterprise Investment Scheme (EIS) is a series of UK tax reliefs launched in 1994 in succession to the Business Expansion Scheme. [1] [2] It is designed to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom.