The iawards were conceived by partnering Government’s commitments to science, technology and innovation with the entrepreneurial vision of James Caan. They are the first of their kind to be backed by the British government.

The aim of the iawards was to identify and promote new British technologies, creating commercial interest, as well as emphasising the world-class science behind them. They were designed to help bridge the gap between the commercial sector and the general public by highlighting how innovation affects us all in our everyday lives.

“I believe that the time is right for these awards – particularly in the present economic climate. For Britain to emerge from the current down turn strong and be best able to compete globally, we must support science and innovation. New ideas and products will get us out of the downturn, and provide the foundations on which we build Britain’s future. Returning the UK to growth must be our first priority as part of building Britain’s future. To do this we will create an environment that encourages enterprise and accelerate our support for science and R&D,” James commented.

Entries needed to demonstrate that their businesses’ innovative thinking and development was by a British organisation or team, but the commercialisation could be facilitated via a UK or overseas party .

The iawards took place at The Science Museum.