Business Innovation Awards

The closing date for applications is Friday 31st March 2023.

The Prize

The winner of the GFSB Business innovation Award will receive £2,000 worth of IT and communications equipment sponsored by Gibtelecom and one year’s worth of free advertising in the GFSB’s InTouch Magazine to further promote their business.

Business Innovation Awards

New business solutions can be as important as technological or product development. Business innovation can add value and drive the right solutions to customers, and the industry.

This may be with new service offerings to customers or partnerships with suppliers and other collaborators; new approaches to entering the market; or even novel business process operations.

Entrants will be asked to show how the business goes about encouraging creativity and new thinking and how knowledge or technology play an important part in developing the business.

Entries should outline the innovation and its importance, the drive behind it, and what the main benefits are to the company, the market and the customer. It would be best to focus on a particular example of a successful change implemented in the last two years.

Evidence of success will help to make your case, and applications can be supported by additional files containing information and presentations, sales & marketing literature, press releases and any editorial coverage the innovation has attracted.

The judges will be looking for quality of innovation involved, the scale of challenges overcome, potential market impacts and degree of wider applicability, amongst other things. Remember that the first round of the competition is judged based on what you put on this form so we’ve included some hints and tips to help you make a good impression.

The Process

Shortlisted applicants will be invited to make a short presentation about their company to the panel of judges, which will consists of members of the GFSB Board, Gibtelecom representatives and subject matter experts.

The Award will be presented to the winning company at a GFSB event by Gibtelecom and the GFSB and the winners will be advertised in the local press.

For further information, contact the GFSB at gfsb@gfsb.gi or call 20047722.

2022 WINNER

Congratulations to Digidemics on winning the Business Innovations Award

2020 WINNER

Congratulations to EBike Gibraltar on winning the GFSB Business Innovation Awards.

2019 WINNER

Congratulations to Hempassion on winning the GFSB Business Innovation Awards.