AWARD CRITERIA

About the 2021 Enterprise Awards Categories

To View the Enterprise Awards Applications, please click on each award heading below.

Nomination Form »

Title Sponsor: Fairmount Partners

Judging Partner: KPMG LLP

Technology Startup

Sponsors: Troutman Pepper

Criteria:

  • Company must have been in operation at some point in the period between January 1, 2017 and December 31, 2020.

Key Considerations:

  • Product or service innovation including market need or assessment.
  • Potential for significant growth.
  • The management team and its ability and record of achieving success.
  • A demonstration of success such as significant milestones, raising capital, and revenue.

Technology Emerging

Sponsors: Fox Rothschild LLP and EisnerAmper

Criteria:

  • Company must have been in operation before January 1, 2017. Revenues must be less than $50 million, except in the most recent fiscal year.

Key Considerations:

  • Product or service innovation, including proprietary technology or other advantage.
  • Company milestones including strategic decisions made by management that led to growth in revenues and/or earnings.
  • Strength of management team including ability to raise capital.
  • Profitability or demonstrated ability to achieve profitability (e.g. strategy to achieve break even, the ability to realize high gross margins, etc.), and decisions that led to corporate collaborations or license deals.

Technology CEO

Sponsor: Cozen O’Connor

Criteria:

  • Individual’s background (CV/Bio required) and the company’s success to date.

Key Considerations:

  • CEO’s management accomplishments and philosophy, including the communication of a vision and goals as achieved by the company.
  • Leadership and impact in industry and/or market.
  • Ability to attract and retain talent.
  • Company milestones including financial accomplishments and a strategy for continued company success.
  • Community and/or industry involvement.
  • Extra consideration is given to leaders who have contributed more broadly to the strengthening and promotion of the tech industry in the region.

Technology Company

Sponsor: Comcast Business

Criteria:

  • Company with more than $50 million in revenues in the most recently completed fiscal year.

Key Considerations:

  • Leadership and product and/or service innovation in an industry or market.
  • Significant company milestones including financial accomplishments.
  • Community and industry involvement.

Digital Innovation

Sponsor: Capgemini

The Digital Innovation Award is presented to a company that is driving digital transformation and innovation.

Criteria:

  • Nominee is a company that has applied new or existing technology in a unique or innovative way to solve a business problem or advance business goals.
  • Nominee must have $1 billion or more in annual gross revenues and employ more than 1,000 employees.
  • This can include an invention or early adoption of next-generation technology either for internal utilization or commercial application.

Investment Deal

Sponsor: Baker Tilly and EPAM

Criteria:

  • Deal must have been fully executed between January 1, 2020 and December 31, 2020.
  • Events that qualify for this category include Exit Transaction (e.g. IPO), Capital Raising Transaction (e.g. financing: debt, mezzanine, equity; recap), Buy-side or Sell-side of a Merger & Acquisition Transaction.

Key Considerations:

  • Entries must include a Business and Transaction Narrative/Summary.
  • Provide a brief business description including offerings, first-mover advantages, competitive barriers, and any unique asset(s), IP, technology, etc.
  • Provide a brief history of business from its inception – especially as it relates to results from invested capital (if transaction was a sale).
  • What is your market potential?
  • What is your unique competitive advantage?
  • What is the reason for the Sale or Purchase?
  • How did the sale or purchase impact the broader industry(s) of the buyer and/or seller?
  • What amount was invested from the inception and its uses. How much was invested in unique technology or other assets?

Healthcare & Life Sciences Startup

Sponsor: Ben Franklin Technology Partners

Criteria:

  • Company must have been in operation at some point in the period between January 1, 2017 and December 31, 2020.

Key Considerations:

  • Discuss product innovation including market need/assessment and potential for significant growth.
  • Discuss the management team and its ability and record of achieving success.
  • Provide demonstration of success (e.g., significant milestones, raising capital, revenue, etc.).
  • Describe the R&D investment strategy.
  • What did the company do to overcome challenges in financing, development or commercialization?

Healthcare & Life Sciences Emerging

Sponsor: RSM US LLP and SAP

Criteria:

  • Company must have been in operation before January 1, 2017. Must have sales, grants, or licensing fees.

Key Considerations:

  • Describe product, including proprietary applications or other advantage.
  • What animal or OUS (outside of the United States) clinical work has been done to prove the technology?
  • Describe the impact on the clinical problem this technology is trying to solve (e.g. saving a hospital money on a procedure, making a clinician more productive, etc.).
  • Address the strength of the management team including ability to raise capital.
  • Profitability or demonstrated ability to achieve profitability (e.g., strategy to achieve break even, ability to realize high gross margins, etc.) or decisions that led to corporate collaborations or license deals.

Healthcare & Life Sciences CEO

Sponsors: EY and Morgan Lewis

Criteria:

  • Individual’s background (CV/Bio required) and the company’s success to date.

Key Considerations:

  • Describe CEO’s management accomplishments and philosophy, including the communication of a vision and goals as achieved by the company.
  • Leadership and impact in industry and/or market.
  • Ability to attract and retain talented resources.
  • Company milestones including financial accomplishments and a strategy for continued company success.
  • Community/industry involvement.
  • Extra consideration is given to leaders who have contributed more broadly to the strengthening and promotion of the life sciences/healthcare industry in the region.

Healthcare Innovator

Sponsor: Independence Blue Cross

Criteria:

  • The nominee can be a company, researcher, investor, or individual providing an innovative solution that has the potential to make a large and positive impact on cost, quality, and/or access in health care.

Key Considerations:

  • The nominee should have a demonstrated business model for its solution and demonstrate the ability to generate rapid growth.
  • The nominee should be able to demonstrate return on investment or clinical impact of its solution.
  • The nominee can be in any sector (technology, life sciences, investment, health care delivery, etc.), but must be serving the healthcare industry in Greater Philadelphia.
  • The nominee must demonstrate creativity and passion to re-thinking healthcare in the region and to driving exceptional health outcomes or dramatically lowering costs.

Legend Award (Lifetime Achievement)

Sponsor: Cigniti Technologies and Grant Thornton LLP

The Legend Award for Lifetime Achievement is presented to an individual who has forwarded technology and sciences in the region through leadership and exemplary work. The Legend recipient must have a strong connection to the community, a history of personal accomplishments and a track record of success.


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