Evaluation Criteria

CategoryCriteria Remarks
Financial PerformanceInnovative financial initiatives with significant positive impact in the areas of:
  • Return on capital investment.
  • EBITDA.
  • Revenue.
  • Saving / reduction in operating cost.
  • 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.

Innovation of new productFinancial / Commercial impact.The potential financial / commercial impact of the new product compared with other products.
Innovation of new service/processFinancial / Commercial impactThe potential financial / commercial impact of the new service compared with others. This shall include instances of collaboration with third parties to provide a joint service / process.
Improvement to existing product / Service / processFinancial / Commercial impactThe potential financial / commercial impact of the improved product / service / process compared with others. This shall include instances of collaboration with third parties to provide a joint service / product / process.
Research & Development Financial / Commercial impactThe potential / commercial financial impact of the new product / development.