The IOP Business Innovation Awards Parliamentary reception provides a platform for the winners to engage with leaders in business, policymaking and academia.

The winning companies appear at a celebratory event at Parliament, where they have the opportunity to explain the physics behind their innovations and show how this has contributed to their success. It is an engaging demonstration of the commercial value of physics research and development.

IOP Business Innovation Awards 2016 exhibition

The IOP Business Innovation Awards 2016 were presented to Airbus Defence and Space, Aqua Cooling Solutions, e2v, Endomag, Ikon Science, Jaguar Land Rover, Kromek, Tesla Engineering, The Technology Partnership and Ultra Electronics at a parliamentary reception sponsored by Alok Sharma MP.

The Awards were presented by the President of the Institute, Roy Sambles.

Addressing the winners and the wider business and innovation community particularly, Sharma said: “I don’t think that we can overestimate the soft power that we have through all the work that you do. Everything you do reinforces the fact that Britain as a brand is open for business, so please keep doing it.”

IOP president Professor Roy Sambles congratulated the winners and said physics underpinned the high-level technology that supported the UK economy. Physics pushed at the frontiers of knowledge and led to the kind of innovative technology which people such as the award winners produced, he said. This benefited society and generated economic gains and jobs, but it depended on continued investment in education, research and business and innovation, he said. “We need to keep funding basic science, otherwise in 10-15 years’ time the UK will have nothing to offer the world,” he said.

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