LBS logo London experience. World impact.

What’s happened at the Real Innovation Awards 2017?

Following the great success of the Real Innovation Awards, launched in 2016 by the Institute of Innovation and Entrepreneurship, the 2017 event featured more nominations, an expanded panel of expert judges and more votes in the People’s Choice Award, the online public vote which ran alongside the main judging process in September.


No less than 27 businesses were shortlisted across the six categories, with the results being announced at the awards dinner on 2 November. The sheer variety of type and size of organisation, from sole trader to social enterprise and multinational giant, clearly reflects a growing appreciation of the innovations that make a difference to people’s lives; not merely in the corporate world but among consumers in all walks of life.

For further information email us at innovation@london.edu

People's Choice winners 2017

While the judges were deliberating over the Real Innovation Awards Judges’ Choice winners, we invited the public to vote online for their favourite nominee in each of the six categories. Voting ran through the month of September and the People’s Choice winners were announced on 3 October. 

 

OYO LOGO

The If At First You Don’t Succeed Award
Ritesh Agarwal, OYO. Agarwal originally founded a budget accommodation listings platform, before realising there was a greater demand for curated guest experiences and pivoting its business model to a managed marketplace for standardized hotels under the OYO brand.


Follow Ritesh Agarwal, OYO: @oyorooms

CaratLane_Logo_web

The Masters of Reinvention Award
The jewellery brand CaratLane has changed the traditional jewellery business model entirely to offer its products more widely.


Follow CaratLane on Twitter: @CaratLane

create_fertility_web

The Best Beats First Award
The IVF provider CREATE Fertility has innovated to maximise the chances of conception through natural techniques that are friendlier to the body, safer and more affordable than traditional methods.


Follow CREATE Fertility on Twitter: @CreateIVF

liberty-logo

The George Bernard Shaw Unreasonable Person Award
Sanjeev Gupta, Liberty House. Building on a bold “green steel” plan, Sanjeev Gupta, Liberty House, is revitalising the manufacturing of several metals that appeared doomed. He acquired a large chunk of Tata’s UK steel businesses.


Follow Liberty House on Twitter: @LibertyHouseGrp

Hirespace_Logo

The Alexander Fleming Serendipity Award
Hire Space started out trying to help austerity-hit community halls gain extra income, but soon morphed into the UK’s go-to venue sourcing platform.


Follow Hire Space on Twitter: @HireSpace

Villiger_Logo_web

The Harnessing the Winds of Change Award
Paul Villiger, Villiger Entsorgungssysteme, saw the need for more efficient urban waste disposal and was quick to develop fully integrated waste solutions, including underground storage facilities and automated collection trucks.

For more information about Entsorgungssysteme AG, see: www.villiger.com

Judges' Choice 2017

The Judges’ Choice was decided by a panel of expert judges and the results were announced at the awards dinner on 2 November 2017.

 

OYO LOGO

The If At First You Don’t Succeed Award
Ritesh Agarwal, OYO. Agarwal originally founded a budget accommodation listings platform, before realising there was a greater demand for curated guest experiences and pivoting its business model to a managed marketplace for standardized hotels under the OYO brand.


Follow Ritesh Agarwal, OYO: @oyorooms

Orsted_RGB_Blue

The Masters of Reinvention Award
Dong Energy. Founded in the early 1970s, the company then known as Dansk Naturgas was an oil and gas company. Renamed Ørsted in October 2017, DONG Energy is transformed, with three-quarters of its total capital employed within wind power.


Follow Ørsted on Twitter: @OrstedUK

Jeffrey-Weers-invention-TIP-logo_web

The Alexander Fleming Serendipity Award
Jeffry Weers is a man who is as dogged in his pursuit of scientific excellence as he is a fan of baseball. Bringing together these two interests produced a breakthrough in the treatment of chronic pulmonary disease, or COPD. Jeffry successfully commercialised the TOBI Podhaler which is today used in the treatment of cystic fibrosis.


Follow Jeffry on LinkedIn: Jeffry Weers

2633-Fever-tree-logo-web

The Harnessing the Winds of Change Award
Fever-Tree was founded by Charles Rolls and Tim Warrillow who set out to challenge the status quo and revolutionise a stagnant mixer category. Fever-Tree has today achieved a market cap of just over £2.5 billion while expanding their product range, which is now available in 65 markets globally.


Follow Fever-Tree on Twitter: @FeverTreeMixers

Vivino long

The Best Beats First Award
There are more than 600 wine apps within the Apple App Store. With more than 25 million registered users, 25 million consumer reviews and 75 million ratings on 12 million wines, one app has quickly come to dominate the space, Vivino.


Follow Vivino on Twitter: @Vivino

FabLittleBag-Black-No-R_web

The George Bernard Shaw Unreasonable Person Award
FabLittleBag Inspiration came to Martha Silcott when faced with a familiar dilemma - should she flush her tampon, or wrap it in a tissue and find a bin? She envisaged an opaque, biodegradable disposal bag - the result was FabLittleBag. With stubbornness and huge determination, FabLittleBag is sold in leadings stores.


Follow FabLittleBag on Twitter: @FabLittleBag



Mitsuru-euglena_web

The George Bernard Shaw Unreasonable Person Award
euglena Mitsuru Izumo founded Japanese bio-venture firm euglena with one mission ‘Saving the World with euglena’. Stubbornness and passion have characterised Izumo’s approach to business. Today, euglena is used in beverages, healthy foods and cosmetics - even bio-fuel for public transport including aircraft.


Follow Mitsuru Izumo and euglena on Twitter: @euglena_jp

The categories and all shortlisted companies

Download the full Business Summaries here


If At First You Don’t Succeed Award

Making an omelette means cracking some eggs. Any successful project has a failure or two along the way, and equally most failures provide insights that can lead to success.

This award celebrates an individual or organisation who tried something that didn’t work out – but which provided the stepping-stone for a subsequently successful outcome.


Learn more about the candidates


  • Scottish Bioenergy
  • Achal Bakeri, Symphony Ltd
  • OYO
  • Kathryn Minshew, The Muse

Masters of Reinvention Award

Incumbent firms always struggle with disruptive rivals because they don’t want to cannibalise their existing offerings or they are unable to rethink their existing way of working.

This award is for the organisation that most successfully reinvented itself when faced with a major challenge to its previously-successful business model.


Learn more about the candidates


  • CaratLane
  • Clockjack
  • Ørsted
  • Foursquare
  • National Geographic Society

Best Beats First Award

First movers don’t always have the advantage. Sometimes the smart thing is to wait for the pioneers to take the initial risks, and to do the hard work in shaping a market.

This award is for the company that moved quickly to dominate an emerging market category, typically with a different and better business model than the first mover.


Learn more about the candidates


  • Chobani
  • CREATE Fertility
  • Monzo
  • Vivino

George Bernard Shaw Unreasonable Person Award

Shaw said that progress depends on the unreasonable man (or woman) – the person who persists in shaping the world rather than letting it shape them.

This award is for an individual who has shown enormous tenacity and stubbornness in pursuing an idea, despite the difficulties encountered along the way.


Learn more about the candidates


  • Herman Mashaba, Black Like Me
  • Ian Locker, ZephIR Lidar
  • Martha Silcott, FabLittleBag
  • Mitsuru Izumo, euglena Co., Ltd.
  • Sanjeev Gupta, Liberty House

Alexander Fleming Serendipity Award

Fleming discovered penicillin essentially by accident, and indeed many other famous discoveries have been entirely serendipitous.

This award is for a person or organisation that built a thriving business on an idea that originated in the most unexpected or surprising way.


Learn more about the candidates


  • Hire Space
  • Jeffry Weers, Respira Therapeutics
  • Petcube
  • Sofar Sounds

Harnessing The Winds of Change Award

Many successful innovations aren’t particularly novel, but succeed because they are carefully timed to coincide with other complementary developments: they harness the “winds of change.”

This award is for those who spot what’s just around the corner soon enough to take advantage of it.


Learn more about the candidates


  • DeepMind
  • Fever-Tree
  • Flixbus
  • Jack Dorsey, Square
  • Paul Villiger, Villiger Entsorgungssysteme

The judges

Julian_1

Julian Birkinshaw

Professor of Strategy and Entrepreneurship at the London Business School, and Academic Director of the Institute of Innovation and Entrepreneurship

Cilimingras_Luis_1

Luis Cilimingras

IDEO London's managing director

Charlie Dawson_1

Charlie Dawson

Partner at The Foundation


Adam-Gale

Adam Gale

Associate Web Editor at Management Today

 

 

Vimi_1

Vimi Grewal-Car

Managing Partner Innovation, Global Lead Client Services Partner, Financial Services, 

Matthew_1

Matthew Gwyther

Editor at Haymarket Publishing/Management Today

Jeff_1

Jeff Skinner - Secretary to the judging committee

Executive Director of the Institute of Innovation and Entrepreneurship at LBS

sarah_wren_riaSarah Wren


CEO of Hertfordshire Independent Living Service

Highlights

Watch insights from the winners of the Real Innovation Awards 2017 and see the photos from the event.