Congratulating businesses that innovate with physics
26 February 2014
The Institute of Physics (IOP)’s Innovation Awards 2014 are now open for entries.
If your business – of any size and from any sector – has successfully addressed a commercial need using a physics-based innovation in either the UK or Ireland, it might be eligible for entry.
Winners of the award will be presented with their trophy at a high-profile annual exhibition where the companies will showcase their winning innovations.
Speaking at 2013’s exhibition, held in the Houses of Parliament, the Business Secretary Vince Cable, said, "The UK is home to some of the most innovative businesses in the world especially in sectors such as manufacturing and telecommunications which draw on disciplines like engineering which have their base in physics."
As Dr Frances Saunders, President of the Institute of Physics, explains, “Nearly ten per cent of the UK’s economic output is due to physics-based businesses. These companies show how the innovative application of physics research can create both world-changing technologies and successful businesses.”
The innovations from last year’s five winners – Coherent Scotland Ltd, Elekta Limited, Simpleware Ltd, Tracerco and Zephir Ltd – have found application in a broad range of sectors, including the medical, oil and gas, aerospace and renewable energy sectors.
On receipt of Zephir Ltd’s Innovation Award last year, received for the development of agile and remote wind sensors for the testing of wind farm sites, Ian Locker, Managing Director of the company, said, “We are delighted that Zephir Ltd has won this prestigious award for the use of physics to develop a highly innovative product.
“Zephir Ltd started as a small company but it has made a big impact in the renewable energy field, demonstrating how a dedicated team’s practical exploitation of some exciting physics can make a small but significant difference to the world.”
For further information about the awards scheme, including eligibility criteria, or to enter, go to www.iop.org/innovation.
The opportunity to enter your company this year will close on 30 May.