Established by the Employers and Industrialists Federation (OEB) in 2016, the Cyprus Innovation Awards is given to businesses, agencies or departments of the private and public sectors, which have been successful at creating and implementing innovative ideas and practices, which significantly improve productivity, reduce operational costs and in general create a competitive advantage for the organizations that embrace them. The Cyprus Innovation Award is awarded every year to one Cypriot company from each of the main economic sectors: Primary Sector, Manufacturing, Services and Broader Public Sector.
