Every year, BioSpectrum recognizes and honors business leaders and innovative products and services for their remarkable contribution to the industry through the BioSpectrum Asia Pacific Awards.

BioSpectrum Awards, which was first introduced in 2003 after the India edition of the magazine was launched in India in March 2003, brings to the forefront individuals and companies that have contributed significantly to the the growth of the biotechnology industry in one of the world's fastest growing economies.

Following the success of this initiative, the publishers of BioSpectrum extended the concept to the Asia Pacific region. As a result, the BioSpectrum Asia Pacific Awards was instituted in 2009.

The awards have well-defined criteria for selection. Nominees are shortlisted by the magazine's research team. BioSpectrum's editorial team brings together a jury that rigorously evaluates the shortlisted names to decide on the winners. For the Editor's Choice Awards, the magazine's editorial team decides the names of the winners.