PACT Enterprise Awards
Sponsors Fairmount Partners Investment Banking KPMG PACT

About the 2018 Enterprise Awards Categories

Technology Startup

Sponsor: Pepper Hamilton

Criteria: Company must have operating results of three years or less.

Key Considerations: Product or service innovation including market need or assessment and potential for significant growth; the management team and its ability and record of achieving success; and a demonstration of success such as significant milestones, raising capital, and revenue.

Technology Emerging

Sponsor: Fox Rothschild

Criteria: Company must have at least four years of operating results. Revenues must be less than $50 million, except in the most recent fiscal year.

Key Considerations: Product or service innovation, including proprietary technology or other advantage; company milestones including strategic decisions made by management that led to growth in revenues and/or earnings; strength of management team including ability to raise capital; and profitability or demonstrated ability to achieve profitability such as strategy to achieve break even and the ability to realize high gross margins.

Technology CEO

Sponsor: Cozen O'Connor

Criteria: Individual's background and his/her company's success to date.

Key Considerations: Describe CEO's management accomplishments and philosophy, including the communication of a vision and goals as achieved by the company; leadership and impact in industry and/or market; ability to attract and retain talented resources; company milestones including financial accomplishments, and a strategy for continued company success; and community/industry involvement. Extra consideration is given to leaders who have contributed more broadly to the strengthening and promotion of the tech industry in the region.

Technology Company

Sponsor: Comcast Business

Criteria: Company with more than $50 million in revenues in the most recently completed fiscal year.

Key Considerations: Leadership and product and/or service innovation in an industry or market; significant company milestones including financial accomplishments; and community and industry involvement.

Healthcare Startup

Sponsor: University City Science Center

Criteria: Company must have operating results of three years or less.

Key Considerations: Discuss product innovation including market need/assessment and potential for significant growth; discuss management team and its ability and record of achieving success; provide demonstration of success (e.g., significant milestones, raising capital, revenue, etc.). Describe the R&D investment strategy.

What did the company do to overcome challenges in financing, development or commercialization?

Healthcare Emerging

Sponsor: RSM

Criteria: Company must have more than 3 years of operating results. Must have sales, grants, or licensing fees.

Key Considerations: Describe product, including proprietary applications or other advantage. What animal or OUS clinical work has been done to prove the technology? Describe the impact on the clinical problem this technology is trying to solve (e.g. saving a hospital money on a procedure, making a clinician more productive, etc.)

Address strength of management team including ability to raise capital, and profitability or demonstrated ability to achieve profitability (e.g., strategy to achieve break even, ability to realize high gross margins) or decisions that led to corporate collaborations or license deals.

Healthcare CEO

Sponsor: EY

Criteria: Individual's background and his/her company's success to date.

Key Considerations: Describe CEO's management accomplishments and philosophy, including the communication of a vision and goals as achieved by the company; leadership and impact in industry and/or market; ability to attract and retain talented resources; company milestones including financial accomplishments, and a strategy for continued company success; and community/industry involvement. Extra consideration is given to leaders who have contributed more broadly to the strengthening and promotion of the life sciences industry in the region.

Healthcare Innovator

Sponsor: Independence Blue Cross

Criteria: The nominee can be a company, researcher, investor or individual providing an innovative solution that has the potential to make a large and positive impact on cost, quality, and/or access in health care.

Key Considerations: The nominee should have a demonstrated business model for its solution and demonstrate the ability to generate rapid growth.

The nominee should be able to demonstrate return on investment or clinical impact of its solution.

The nominee can be in any sector (technology, life sciences, investment, health care delivery, etc.), but must be serving the healthcare industry in Greater Philadelphia.

The nominee must demonstrate creativity and passion to re-thinking health care in the region and to driving exceptional health outcomes or dramatically lowering costs.

Investment Deal

Sponsor: Grant Thornton

Criteria: Deal must have been fully executed between January 1, 2017 and December 31, 2017. Events that qualify for this category include Exit Transaction (e.g. IPO), Capital Raising Transaction (e.g. financing: debt, mezzanine, equity; recap), Buy-side or Sell-side of a Merger & Acquisition Transaction.

Key Considerations: Entries must include: Brief history/background to deal, Financial breakdown/deal mechanics, Reason for submitting. Discuss value to sponsor's shareholders and/or commercial strategy, innovation and contribution to market development.

Digital Innovation

Sponsor: LiquidHub

The Digital Innovation Award is presented to a company that is driving digital transformation and innovation.

Criteria: Nominee is a company that has applied new or existing technology in a unique or innovative way to solve a business problem or advance business goals. Nominee must have $1 billion or more in annual gross revenues and employ more than 1,000 employees. This can include an invention or early adoption of next-generation technology either for internal utilization or commercial application.

Legend Award (Lifetime Achievement)

Sponsor: McCarter & English

The Legend Award for Lifetime Achievement is presented to an individual who has forwarded technology and sciences in the region through leadership and exemplary work. The Legend recipient must have a strong connection to the community, a history of personal accomplishments and a track record of success.

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