11 Mar 2012, BioSpectrum Bureau , BioSpectrum
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.
• Innovative business idea
• Benefit to local community and business development
• Potential to emerge as category winner within three-five years
• Ability to attract talent, funds and peer admiration
Life Time Achievement Award:
• Path-breaking activities and contributions to the growth of life sciences industry in
• Asia Pacific in the past three-four decades.
• Contribution to the evolution of the life sciences industry in the region
• Inspirer/influencer/visionary role
Person of the Year Award
• Performance of the organization
• Role beyond the company
• Key projects in 2009
• Global initiatives
• Influence on policy making
• Fostering industry harmony
• Stature as a leader & visionary
Entrepreneur of the Year
• Strategic steps that make the company stand out in the crowd in the past two years
• Imaginative business plan which should have innovative products and services
• Business results achieved
• Ability to raise funds
• Ability to attract top human talent
Product of the Year
• Revenue realizations from the product
• Degree of difficulty in creating the product
• Import substitution
• Export potential
• Price competitiveness