CRITERIA
EDISON BEST NEW PRODUCT AWARD
To be considered for a 2012 Edison Best New Product Award, your innovative product or service must have been launched between July 1, 2010 and February 29, 2012. If your product or service has not yet been launched and is still in development, please feel free to submit a nomination once you have reached production level.
All completed nominations with payment of entry fee will be reviewed by the Edison Awards Steering Committee, which makes the recommendation for finalists in each of the award categories.
International firms are welcome to submit nominations.
Nominations are due no later than December 16, 2011. Nominations received after that date will not be considered for the 2012 Edison Awards.
Evaluation CriteriaBuilding on the heritage of Thomas Edison and the 25-year legacy of the Edison Awards, we have evolved our evaluation criteria for the 2012 awards, ensuring that all companies, regardless of industry, domain or innovation type can clearly communicate, affirm and support their nomination. These new evaluation criteria were established to be more relevant, more comprehensive, more aligned with the ever-evolving definition of "innovation," more transparent for nominees AND more clearly defined for our voting bodies. All entries will be judged on the following Edison Award criteria:
- CONCEPT: opportunity, conception, method & development
In the true spirit of Thomas Edison, we are looking for innovations that not only address a need and solve a problem but also seize an opportunity and create a new market or industry. And true to Edison's work, we are interested in the overall method and development of the concept and opportunity. We would like to understand how discovery, collaboration, iteration, prototyping, etc. contributed to the conception and development of the innovation as it progressed from genesis to design and implementation.
- VALUE: need/desire, differentiation, advantage & cost
For Edison, value was a primary driver for his innovations. We would like to understand how the innovation satisfies an existing need or desire. We are seeking evidence for how the offering is different and whether it has distinct, game changing advantages over any alternatives. We also want to evaluate its unique value proposition, the relationship between its cost and benefits and its economic desirability.
- DELIVERY: message, engagement, availability, achievement
Edison was not only an accomplished innovator but also a great communicator, marketer and master of delivery. We would like to understand how the message and broader story of the innovation is communicated in clear and compelling ways. We are looking for interesting examples of how consumers have been engaged and how the offering has been delivered and made available to the marketplace.. Finally, we are interested in how the value proposition of the offering is being achieved, fulfilled and validated in the marketplace.
- IMPACT: sustainability, social responsibility & potential
Edison devoutly believed that real innovation not only demonstrated commercial success but also sustained sensitivity to broader implications. We would like to understand the immediate and longer term impact the innovation has on the environment and society as a whole. We are also interested in how the offering may establish a vision or be the basis of a larger system or platform of innovations and how it might be an inspiration to future innovation and innovators.
EDISON GREEN AWARD
For the first time in 2012, the Edison Green Award has partnered with CSRware, a recognized leader in cloud-based energy and sustainability management and sustainable supply chain software. Utilizing the CSRware technology, nominees for the annual Edison Green Awards will have the opportunity to benchmark and track their company's ability to meet established green goals.
The new partnership will allow the Edison Awards Steering Committee and its strong community of innovators a collaborative mechanism to compare marketplace innovation against an established green compliance criteria to determine organizations who are worthy of an Edison Green Award. The primary categories of Edison Green Award criteria include:
- ORGANIZATIONAL INNOVATION
Organizational innovation reflects that the organization is internally focused on sustainability and creating a culture of green innovation. The organization has created an environment where sustainability is an important aspect of its operations and considered in high-level strategies.
- SOCIETAL IMPACT
Societal impact focuses on the organization's external effects and the steps taken to mitigate the negative impacts or increase the positive impacts. It reflects that the organization understands it has an impact on the surrounding environment and community.















