Following our story on businesses in eastern Scotland scooping awards at the Tayside Business Awards, comes news that the search to find Wales' most innovative company has been whittled down to a shortlist of three finalists. The award for the Welsh Innovative Company of the Year is one of 12 categories in the Western Mail Business Awards for Wales. The Awards, which are run in association with lifelong learning body Elwa, will be announced at a ceremony at Cardiff International Arena on May 20th. The Innovation award is sponsored by IT training company CADCentre (UK) and accountancy firm PKF.
Speaking about their involvement in the innovation award, Leighton Reed, partner at PKF, said: "We are delighted to have the opportunity to sponsor the Welsh Innovative Company of the Year for 2005. PKF recognises that Welsh enterprises often need to develop new ways of bringing their products to market." He continued: "We have been highly impressed by the quality of the entrants and the three finalists have increased the standard for innovation for others to follow."
Managing director of the Cardiff-based specialist IT training company, CADCentre UK, Ali Anwar said, "It is essential to create an innovation culture without which the Welsh economy will drift into stagnation. Wales has all the necessary ingredients to create this innovation culture." And speaking about the Innovation award, he said: "We believe that the private sector should take the lead in promoting innovation and we hope that this award will be a small contribution towards it. The winning company will be at the forefront of innovation and contribute to the overall prosperity of Wales".