Are Industry Awards Worth the Time to Enter

MedTech Visionaries Awards give reasons why entering has value
By: Light4Soul
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Morristown - Tennessee - US

MORRISTOWN, Tenn. - Aug. 21, 2019 - PRLog -- Humans are competitive by nature. It's just something in our blood.  We compete in almost any sport or event ever invented and if it hasn't been invented yet we make it happen.  But when it comes to industry awards are there any benefits to entering.

According to Francine Trendler, the CEO of the creative company Light4Soul the benefits are almost endless.  "My company is continually looking for creative avenues to increase the presence of the companies we work with.  Recently my team compiled research from various outlets and found that industry awards have a definite benefit.  And so we began the MedTech Visionaries Awards  to respond to the need."
A few of the benefits are:

BRAND RECOGNITION.   98% of MedTech startups fail, in part because they did not let the public, VCs, stockholders, investors, clients, potential clients know they are providing a benefit to society.

TRUST.  A survey done by Boost and Shape-the-Future found that 76% of business decision-makers surveyed believe there is a definite link between award success and reputation.

INFLUENCE.  Awards build a corporation's strength in the market in this ever-changing sector.

LEADERSHIP POSITION – Hundreds of new startups are continually coming into play with their products and services in the development pipeline.  How will this affect your business entity as to market share, funding, leadership position, saturation and other factors that may adversely affect you or may trigger such concern or opportunities as M&A considerations.  Being nominated, and being selected as a winner of an industry award will keep your name out there for consideration.

INCREASED SALES WITH CLIENTS AND PROSPECTS.  Research has found that up to 90% of clients believe that industry awards make a difference when buying products and services for their business.

OVERCOME BAD PRESS OR NO PRESS –  Awards can counter any negative press your corporation has been subject to in the past.

STRENGTHENS EMPLOYEE BOND.  Awards give current employees a sense of security as they know their company is showing signs of success and therefore there is an increased chance their positions will be retained into the future or that they will have room to grow within the company.

MAKES YOU MORE ATTRACTIVE TO PROSPECTIVE EMPLOYEES. Awards give a clear signal to potential employees that this is a corporation they will be proud to be associated with as it is being recognized as a leader in its field. This is key in attracting top talent to take your corporation to the next level.

HELPS GAIN INVESTOR SEED MONEY AND OTHER FUNDING.  Attract the attention of the sources you need including for M&A consideration.

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