Utah Business Innovation Awards
Foley & Lardner and Utah Business are pleased to present the 2023 Utah Innovation Awards program.
The program recognized the state’s vibrant community of innovators — from startups to established companies — and their breakthrough creations. In celebrating successful innovations, the awards program aims to build the state’s economy by acknowledging and rewarding the creative minds fueling innovation within it.
Nominees in the Utah Innovation Awards program underwent a strict evaluation process by peers and leaders within Utah’s business, civic, and academic communities. Pioneering innovations — whether products, services, or processes — were judged on their novelty, market need, economic impact, and disruption of the status quo.
Innovations were placed in the following categories:
- Advanced Manufacturing, Construction & Design
- Commercial Software
- Consumer Products & Services
- Consumer Software
- Fintech
- Hardware & Electronics
- Medical & Health: MedTech
- Professional Services
- Sustainability
The result is a cohort of awe-inspiring innovations that impact a broad spectrum of markets and industries. Below are the 2023 Innovation Awards winners.
Advanced Manufacturing, Construction & Design
Winner: Sarcos Technology and Robotics Corporation
What’s your innovation?
The Sarcos Guardian Sea Class Underwater Robot delivers human-like manipulation capabilities in complex and often dangerous underwater environments.
Commercial Software
Winner: Gray Falkon®
What’s your innovation?
Gray Falkon is a proprietary artificial intelligence (AI) and automation technology that addresses problems created by illegitimate third-party sellers faster and more effectively than other options.
Consumer Products & Services
Winner: Vivint
What’s your innovation?
Vivint Smart Lighting expands the power of the smart home ecosystem, bringing convenience, safety and peace of mind to your home.
Fintech
Winner: LoanPro
What’s your innovation?
LoanPro’s patent-pending, transaction-level credit allows lenders to charge unique interest rates for different merchants, categories of transactions, geolocations of purchase and many other variables.
Food & Agribusiness
Winner: Bactelife Industries, Inc.
What’s your innovation?
H2Organix is a Climate Smart product that combines advanced microbial and organic nanominerals to substantially reduce water and conventional fertilizer needs while improving the yields and quality of the crops.
Medical & Health Med Tech
Winner: Halia Therapeutics
What’s your innovation?
HT-6184 turns off the NLRP3 inflammasome and blocks chronic inflammation. It is a brand new mechanism to treat chronic inflammatory diseases such as Alzheimer’s disease, inflammatory bowel disease, cardiovascular disease, arthritis and psoriasis.
Professional Services
Winner: David Eccles School of Business, University of Utah
What’s your innovation?
The Master of Business Creation (MBC) is a specialized graduate degree program for founders committed to growing their startup company aided by curriculum, mentoring, funding and scholarships.
Sustainability
Winner: Clean Wake LLC
What’s your innovation?
Clean Wake designed and built the first-of-its-kind boat decontamination dip tank to prevent the spread of aquatic invasive species. This innovation results in much faster and more effective decontamination of recreational boats and equipment over current methods.
Research & Development
Winner: Retego Labs
What’s your innovation?
The RETEGO TTR System is reliable, cost-effective and portable technology for accurately testing water quality and providing simple, concise reports that help develop smart treatment plans for commercial and residential applications on-site.
For a full list of the runner-up and honorable mention companies for each category, click here.
Below are some photos from the evening event.
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