Celebrating Groundbreaking Achievements in Business and Ethics
The International Innovation Awards 2024 celebrated groundbreaking achievements in innovation while emphasizing the importance of ethics in business. Themed ‘Fostering Integrity in Business Innovation,’ the 8th edition of the awards took place at W Kuala Lumpur, Malaysia, on November 29, 2024, recognizing 51 exceptional innovations that inspire a future where innovation and ethics coexist harmoniously.
Driving Innovation Across the Region
Enterprise Asia’s Commitment to Innovation
Since its inception in 2017, Enterprise Asia’s Innovation Revolution movement has been pivotal in driving innovation throughout the region. The International Innovation Awards (IIA) serve as a key pillar of this movement, honoring outstanding innovations and encouraging organizations to invest in continuous improvement. This year’s event brought together innovators from over 19 countries, showcasing a diverse range of contributions to global business.
Keynote Address Highlights Importance of Integrity
Insights from Enterprise Asia’s Vice Chairman
The awards ceremony began with a compelling welcome address from Datuk William Ng, Vice Chairman of Enterprise Asia. He stated, “Innovation without integrity risks eroding trust, while integrity without innovation risks stagnation. But when paired together, they have the power to create meaningful, sustainable advancements that benefit not just businesses but society as a whole.” His remarks underscored the significance of integrating ethics and accountability into innovative practices.
A Rigorous Selection Process for Award Recipients
Recognizing Excellence Across Multiple Categories
The awards program received submissions from a global pool of participants, with over 200 applications evaluated by a distinguished panel of judges across three categories: Product, Service & Solution, and Organisation & Culture.
Notable Winners in the Product Category
Innovative Solutions Recognized for Their Impact
The coveted ‘InnoCube’ award recipients in the Product Category included:
- Sinox Company Ltd. (Taiwan) for its Sinox Locking Kickstand, an intelligent e-bike security solution.
- One Venture Co., Ltd. (Thailand) for the Happy Noz: Organic Runny Nose Relief Patch.
- Dow Inc. (China) for its Dowsil™ 650+ Protective Peelable Coating.
Celebrating Service & Solution Innovations
Recognizing Corporations Making a Difference
Winners in the Service & Solution category included:
- DEWA (United Arab Emirates) for its Albunya Alraqameya Enterprise Architecture initiative.
- PwC (PricewaterhouseCoopers International Limited) (United Kingdom) for its Next Generation Audit Data Capabilities: Acquisition Hub And Data Pro.
- Ace Edulink Co., Ltd. (Taiwan) for the ACE Teaching Plus app, enhancing lesson delivery for teachers.
Honoring Organizational Excellence and Cultural Impact
Winners Under Organisation & Culture Category
Awards in this category were presented to:
- Thai Smile Bus Co., Ltd. (Thailand) for its initiative ‘We Can Make The World Better Together’.
- Far Eastern Big City Shopping Malls Co., Ltd. (Taiwan) for ‘Big City: Art and Health Culture Hub’.
- AIA Bhd. (Malaysia) for ‘Agility Unleashed: Transforming Culture at Scale’.
Preceding Event: International Innovation Summit 2024
Exploring Human-Centric AI in Business
Earlier on the same day, the International Innovation Summit (IIS) 2024 was held, themed ‘Humanising AI in Business’. The summit featured discussions on how AI can enhance customer experiences and promote responsible business practices. Notably, the Secretary General of the Ministry of Digital Malaysia, YBhg. Mr. Fabian Bigar, announced the establishment of the National AI Office (NAIO), set to launch in December 2024.
A Celebration of Integrity and Innovation
The International Innovation Awards 2024 not only recognized remarkable achievements across various sectors but also highlighted the critical role that integrity plays in fostering sustainable innovation. As businesses continue to evolve, these awards serve as an inspiration for organizations worldwide to prioritize ethical practices alongside technological advancements.
