Criteria for the cto of the year

The person

  • Adds significant value to the Company’s performance through technology and innovation while enhancing collaborative innovation, from leadership through operations
  • Emphasises the importance of cross-sector cooperation and demand-driven R&D
  • Creates a culture of innovation, through inclusive leadership, greater engagement, and rich collaboration throughout the organisation
  • Integrates key agility principles and design thinking into strategic planning decisions for sustained improvement
  • Has successfully tailored the R&D capability of the Company to its business environment, through technological forward-thinking, customer focus and expertise

The company

  • Has a technology-enabled product and/or service portfolio that is innovative, globally competitive and either already well known or rapidly gaining terrain, supported by a well-funded R&D strategy
  • Has built a strong open innovation ecosystem inside and outside the Company with an approach to accelerate success, inspire engagement, and ignite creativity
  • Has a well-developed holistic system engineered to overcome common barriers to successful innovation
  • Strives to accelerate innovation efforts to achieve even greater competitive advantage and societal impact
  • Explores dramatic new approaches to open and disruptive innovation creating new markets and value networks

Societal Impact

  • Both the CTO and the Company are forerunners in responsible innovation
  • Both the CTO and the Company conduct innovative and impactful work with the greatest likely long-term significance in the fields of science, technology & other related disciplines
  • Both the CTO and the Company contribute to increased economic competitiveness of Europe
  • Both the CTO and the Company contribute to working groups, societies and other bodies working for development of the European industry and the society at large
  • Both the CTO and the Company demonstrate achievements in promoting and advancing sustainable development

The CTO, in this context, does not necessarily have to be a CTO (Chief Technology Officer) by title. However, the person shall be responsible for the company’s technology and its development at the highest level, whether called a CTO, Head of Research, VP of Product Development, R&D Manager, Chief Scientist, or any such title.

The criteria shall be weighed differently for the two categories: SMEs* and large corporations.

* “The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro.’ Extract of Article 2 of the Annex of Recommendation 2003/361/EC.