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Innovation: Innovation Award
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Innovation First, a privately held corporation, was founded on the belief that innovation very early in the design process is necessary to produce simple and elegant product designs. Innovation First began producing electronics for unmanned mobile ground robots, and is now an industry leader in the hobby, competition and education markets. The company's award-winning VEX Robotics Design System, VEXplorer, HEXBUG Micro Robotic Creatures, and IFI Robotics span the education, consumer and business-to-business markets. Leveraging the company's core competency in electrical and mechanical engineering, the RackSolutions division works closely with all major computer OEMs to provide custom mounting solutions and industry-wide rack compatibility for data installations of all sizes. With an advanced in-house metal fabrication plant, distribution center, and offices located together in a 13 acre complex in Greenville, Texas, the company is poised to continue on a rapid growth path. Please visit http://www.innovationfirst.com/ for additional information.
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The Business of Innovation is a series of 5 one-hour programmes produced by CNBC, the worldwide leader in business news, which explores in-depth the most important topic in the business world today - Innovation. Each program will explore a different aspect of Innovation using CNBC's global newsgathering capabilities, well-known current and former CEO's and innovation experts to dissect the topic and provide guidance for viewers seeking to innovate in their own organizations. The series is hosted by award-winning journalist Maria Bartiromo, who calls the programmes "...ground breaking in scope".
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The Innovation Awards are presented at Morgan Stanley's CTO Summit, the event through which the winning companies are identified and selected. A formal and rigorous process, selection begins with recommendations from top-tier venture capitalists, and culminates with the evaluation and acceptance of the companies' offerings by Morgan Stanley IT.
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The Design and Innovation Award is presented to the company that best illustrates the use of innovation, anticipation and market responsiveness to increase its competitiveness. Novelis was recognized for its break-through Novelis Fusion(TM) technology for the production of multi-alloy aluminum ingots used in aluminum sheet rolling.
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"Innovation is at the heart of Xilinx culture. This award reaffirms the unprecedented success Xilinx achieved at the 65-nm process node since the introduction of the Virtex-5 family in 2006," said Hing Nan Cheng, Xilinx marketing director for Asia Pacific. "It ... reaffirms that Xilinx's flawless execution at 65-nm has instilled renewed confidence among customers of our ability to deliver the latest technology over a year ahead of our nearest competitor."
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The 2007 Innovation Award winners were selected based on the theme “breakthrough innovation”–technologies that have the potential to dramatically impact a specific industry or market sector. A distinguished panel of judges chose seven companies/organizations in Northeast Ohio with inventions in a variety of technical fields including: nanotechnology, robotics, cancer diagnostics, medical imaging, air filtration, electronic sensory technology, and advanced energy (fuel cells).
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