Tips: Why tech companies need technology and business awards to get and maintain competitive edge
In the rapidly evolving landscape of technology and tech start-ups, maintaining a competitive edge is crucial for any tech company’s survival and growth. One effective way to achieve this is by applying for prestigious technology and business awards. These awards, such as Best in Biz Awards, offer a platform to showcase your company’s innovation and technological achievements. In this article, we’ll explore why participating in prestigious business and technology awards is essential for any tech company’s success, and how these business accolades can benefit your organization.
Corporate awards play a significant role in enhancing a company’s reputation and credibility. They serve as a third-party validation of your hard work, innovation, and your company’s leadership within the industry. When your company wins or is nominated for an award, it sends a strong message to your clients, investors, and competitors that you are a leader in your field.
Increased external brand recognition
Winning a prestigious business award can significantly boost your brand recognition. It provides an opportunity for positive media coverage and industry recognition, which can translate into increased visibility. This heightened awareness can lead to new business opportunities and partnerships, giving your company an edge over competitors who haven’t received similar business accolades.
Enhanced internal morale
Recognition through prestigious business awards not only builds external brand reputation but also enhances internal morale. Employees feel proud to be associated with an award-winning company, which can lead to increased motivation and productivity. It validates their hard work and encourages a culture of excellence and innovation within the organization. Prestigious business awards can also help with recruiting efforts, as incoming employees want to be associated with a winner, too.
How winning technology awards can help your tech company grow
Technology awards specifically highlight your company’s ground-breaking innovations, process advancements and important contributions to the tech industry. They are a testament to your company’s commitment to innovation and can position your business as a thought leader in the technology field.
Prestigious business awards like Best in Biz Awards have several categories that focus on technological innovation, executive leadership in technology companies, technology departments’ teamwork, technological product innovations and achievements and technology solutions and breakthroughs. By applying for these awards, you have the opportunity to showcase your latest technical products, services, or technological processes that demonstrate cutting-edge technology. This not only highlights your company’s capabilities but also attracts potential clients and investors looking for innovative tech solutions.
Benefits of winning prestigious business awards and respected technology awards
In a crowded field, such as tech, standing out from your competition is crucial. Winning or even being shortlisted for a technology award can set your company apart from the competition. It gives you a unique selling proposition and serves as a powerful marketing tool. Clients are more likely to trust a product objectively recognized by third-parties for its technological excellence and innovation.
Business awards provide an even broader recognition platform encompassing various other aspects of business excellence, including company leadership, customer service, company culture and corporate social responsibility.
Winning business awards and technology awards alike can open doors to new markets and client segments. It enhances your company’s credibility in the eyes of potential customers and partners, making it easier to expand your market reach. Business award recognition can be particularly beneficial for companies looking to enter international markets.
Participating in business award ceremonies and events provides valuable networking opportunities. You can also connect with industry leaders, potential clients, and partners via the business awards’ social media channels, finding business connections that can contribute to your company’s growth. These interactions can lead to strategic partnerships and collaborations that drive your company’s innovation and success.
What business awards and technology award categories to choose and apply for in 2025
As we ramp up the business awards strategy in 2025, it’s important to identify the best awards to apply for that align with your company’s business goals and technological achievements. Among prestigious awards to consider, Best in Biz Awards is one of the most recognized accolades in the business world and the only independent business awards program judged by top-tier press. More than 100 categories honor companies, teams, executives, and products for their business success and innovation. Applying for these awards can position your company among the top performers in the industry.
Product and technological innovation award categories
Several Product award categories in the 15th annual Best in Biz Awards, as well as the Most Innovative Company of the Year category, focus on groundbreaking innovations across various sectors. Categories such as Most Innovative Product of the Year – Enterprise, Most Innovative Product of the Year – SMB or Technology Innovation of the Year are ideal for companies that have introduced innovative technologies or processes that have significantly impacted their industry. If you have first-to-market discoveries, applied for patents or unveiled any industry-leading innovations – these award categories are for you.
Product launch award categories
Several Product and Service award categories in the 15th annual Best in Biz Awards are specifically geared towards new product launches. These include categories for new products such Best New Product of the Year – Enterprise, Best New Product of the Year – SMB, Best New Product of the Year – Healthcare and Medical, Best New Product of the Year – Consumer or Best New Product Line of the Year. There are also award categories for new features or product versions, including Best New Product Feature of the Year or Best New Product Version of the Year. Newly introduced technical services have a category, too – Best New Service of the Year. If your product, service, product feature or app launched since January 1, 2024 – these award categories are a perfect fit.
Product and technological innovation award categories
For the first time in the 15th annual Best in Biz Awards, we are offering new award categories focused on the technical process, including Technology Innovation of the Year, Technology Breakthrough of the Year and Technology Solution of the Year. Technical discoveries, processes or products can be submitted in these categories. Keep in mind the same entry can be submitted in several award categories, as relevant; e.g. an innovative product may be submitted in the Most Innovative Product of the Year – Enterprise and Technology Innovation of the Year categories at the same time.
Executive and individual leadership award categories
Executive business award categories such as Technology Executive of the Year or Innovator of the Year focus on executive leadership, technical expertise and technological achievement. Newly introduced categories such as Technology Professional of the Year and Technology Leader of the Year focus on the important technical achievements of non-executive-level professionals.
Department and team business award categories
Department and team business award categories such as Technology Department or Team of the Year focus on the technical achievements of entire company departments and teams of technical individuals working on specific technological issues and technical inventions.
Company and overall technological leadership and innovation award categories
Categories such as Most Innovative Company of the Year (with three subcategories, based on your tech company’s size), Start-up of the Year or Company of the Year celebrate technological achievements, innovations, patents and first-to-market discoveries.
Besides Best in Biz Awards, there are numerous business awards that recognize excellence in different areas, such as leadership, customer service, and corporate social responsibility. Depending on their prestige, these business awards can to varying degrees enhance your company’s reputation and credibility in the business community.
How to prepare your award submissions to win business and technology awards
Winning a business award requires careful preparation and a strategic approach. Here are some tips to help you prepare:
Research and identify the business and technology awards that align with your company’s achievements and goals. Look for prestigious business awards that have a reputable judging panel and are recognized within your industry. Within these prestigious business awards, make sure to choose relevant and suitable award categories.
Compile evidence that demonstrates your company’s business achievements and technological innovation. This may include case studies, testimonials, and performance metrics. Ensure that your business award application clearly articulates your company’s strengths and technological contributions.
Your application should tell a compelling story about your tech company’s journey and technical accomplishments. Highlight the challenges you’ve overcome, the impact of your technical innovations, and your vision for the future. For more tips on how to craft a compelling business award entry, see our guide to writing award-winning award entries.
Ensure that you meet all business award application deadlines and requirements. Late or incomplete applications may be disqualified, so plan ahead and allocate sufficient time for preparation.
In summary
Applying for technology and business awards is a strategic move that can enhance your tech company’s reputation, boost employee morale, and provide a competitive edge among the many tech competitors. Prestigious business awards like the Best in Biz Awards offer a platform to showcase your technological innovation and technical achievements, opening doors to new business opportunities and revenue growth. By carefully selecting and preparing for the right business awards and technology awards, your company can gain the industry recognition it deserves and maintain its position as a leader in the technology industry.
Looking for more business awards tips?
For business award submissions in various vertical or industry areas:
For technology innovations award submissions: How to highlight your company’s or product technology innovations in prestigious business awards
For product award submissions: Why you should submit your product in prestigious business awards
For AI technology innovations and AI product submissions: How to highlight your AI leadership and AI innovations through AI awards and prestigious business awards
For executive awards and leadership awards submissions: How to win in executive and leadership awards
For submissions in sustainability and green categories: How to reward your employees’ sustainability efforts with prestigious business awards
For submissions from small companies and small businesses: How small companies can effectively competer with bigger brands in international business awards
For entrants from Poland: Jak prestizowe nagrody biznesowe moga pomoc firmom (po polsku)
How-to tips on submitting in prestigious business awards:
Selecting business awards categories: How to choose the most appropriate business awards categories for your company
Writing your business awards entries: How to craft award-winning business awards entries
Business awards deadlines: How not to miss any critical business awards deadlines
Business awards entry fees: Are business awards even worth the entry fees? (We’ll spoil it: the answer is a resounding, yes!)
Once you have won a prestigious business award like Best in Biz Awards: Tips for maximizing the ROI of prestigious business awards
About Best in Biz Awards
Since 2011, Best in Biz Awards has been among the most prestigious business awards in North America and globally, and it remains the only independent business awards program judged by well-known writers and editors from various top-tier publications.
From Associated Press to Yahoo Tech’s David Pogue – and including Businessweek, CNET, Computerworld, Consumer Affairs, eWeek, Fast Company, Financial Times, Forbes, Fortune, Inc., Network World, PC Magazine, Reuters, San Francisco Chronicle, USA Today, Wall Street Journal, Wired and more – Best in Biz Awards each year is judged by prominent reporters and editors from the most respected publications.
From ADP to Zappos, past winners in Best in Biz Awards span the spectrum, from the most recognizable global brands through local mom-and-pop shops and Shark Tank sensations to some of today’s most cutting-edge start-ups. Other notable winners over the years have included: 1-800-Flowers, ADP, Aflac, AT&T, Best Western, Burger King, Chipotle, crocs, Dell, Dyson, Epson, Ernst & Young, Experian, GoDaddy, Hilton, HP, IBM, LifeLock, Microsoft, National Association of Realtors, Planet Fitness, Safelite, Sandisk, Santander Bank, Sheraton, StubHub, Symantec, Toshiba, UnitedHealthcare, Walmart, Wells Fargo, YMCA, and more.
For more information about Best in Biz Awards, see our About page; or read more about our North American program and International program.
For the full list of product and product innovation award categories offered in the 15th annual Best in Biz Awards, see our Product award categories.
For Product category winners in the 14th annual Best in Biz Awards, see: 2024 Product categories award winners.