Evaluation Criteria

CategorySub-CategoryCriteria Remarks




1. Financial Performance
• Innovative financial initiatives with significant positive impact in the areas of:
Return on capital investment.
• EBITDA.
• Revenue.
• Securing well planned funding for the business.
• Net profit.
• Other relevant areas.
Conditions:
  • The significant impact in these areas has to be a result of innovative & creative thinking/ideas. For example;
    • A significant restructuring of the company finances in order to secure funding & support the cash flow.
    • Fundraising via innovative and well-priced instrument.
  • Significant movement in the financial parameters (e.g. revenue, EBITDA, profit) not caused by oil price hike, selling companies or assets.
  • Relativity in terms of company size, capacity and financial strength will be considered.







2. Creativity & Innovation
Innovation of new product


Innovation of new service/process




Improvement to existing product / Service / process




•Financial /
Commercial impact.

•Saving / reduction in operating cost.
The potential financial / commercial impact of the new product compared with other products.


The financial / commercial impact of the new service / process compared with others. This shall include instances of collaboration with third parties to provide joint services / processes.


The financial / commercial impact of the new service / process compared with others. This shall include instances of collaboration with third parties to provide joint services / processes.

3. Research & Development
•Financial / Commercial impact.
•Saving / reduction in operating cost.
The potential financial / commercial impact of the new product / development.


4. Business Support
Business support, Non-technical (HR, IT, Medical, SCM) / QHSSE / CSR etc• Financial / Commercial impact.
• Saving / reduction in operating cost.
• Reputation & branding impact.
The financial / commercial impact / efficiency & effectiveness gains / Enhanced reputation & brand equity.