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October 23, 2015

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40 multinational firms honored for innovation, promoting creativity

FOREIGN multinational companies that contributed to Shanghai’s development as a global technology and innovation center were awarded prizes at a glittering ceremony in the city yesterday.

There were 40 winners — all chosen from a competition, which was jointly organized by the English-language newspaper Shanghai Daily and online news provider Eastday.com.

The organizers said they had received 81 applications from multinational companies. Each of them had submitted one or more examples of their work done in promoting technological development and business innovation.

Of the 40 winners, 12 companies were declared the best in the business.

The competition was launched in June with the stated purpose of not only choosing the best from a host of foreign companies in the city but also as a means to provide a platform to connect the multinationals with government officials, academicians and the general public.

The event was supported by the Information Office of Shanghai city government and the Shanghai Commission of Commerce. The panel of judges included renowned scientists, scholars and the general public who were given the rights to vote.

“It is an innovation already to gather together so many multinational companies of different trades,” said Vincent Lo, chairman of Shui On Group, which was one of the winners at the aptly-named Knowledge and Innovation Community in Yangpu District.

According to the organizers, the winners were picked after a careful review by an expert panel led by He Lin, an academician from the Chinese Academy of Sciences. More than 5.7 million people voted online, making the contest a close race.

Steffan Huber, president of Covestro’s China operations, said the event helped multinational companies to interact with each other. He said companies like Covestro is now known to all for its innovation, thanks to the event.

Among the winners were Siemens Healthcare which helped build the world’s third — and China’s first — proton and heavy ion hospital in partnership with the local government. Then there was GE China’s aviation engineering team which was involved for nearly 12 years in building China’s jumbo jets, drug firm Boehringer-Ingelheim that set up China’s first and only bio-pharmaceutical base in line with the global standard.

The awards also covered innovation in management with Stora Enso walking away as one of the winners for providing solution for intelligent packaging to improve supply chain.

Some of them were related to ordinary people’s livelihood, like the practice of Roche Diagnostics which conducts nucleic acid test to ensure safety during blood transfusion.

The competition was in line with the national campaign to encourage mass entrepreneurship and innovation, and the multinational companies responded enthusiastically.

The highlights presented by them will most likely be taken into account for future policy planning, and development of talent and corporate social responsibility.




 

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