Categories & Criteria

Each year, the ICOY Awards honor companies in various categories chosen by the Selection Committee. Past categories have included:

Best Life Sciences Company

This category recognizes companies involved in the biotechnology or life sciences industry.

Best Information Technology Company

This category recognizes companies involved in data management, wireless communication, and other forms of information technology.

Best Technology Professional Service Company

This category recognizes companies that produce or provide sophisticated methods to deliver technological or web-based services.

Best Cyber/Homeland Security Company

This category recognizes companies that produce products or provide services involved in the defense or security sector.

Best Green Company

This category recognizes companies that produce products or provide services that minimize damage to the environment.

Best New Incubator Company

This category recognizes companies that have entered a Maryland incubator since January of the previous year.

Best Graduate Company

This category recognizes companies that have graduated from an incubator and continue to operate independently in another facility.

Awards Criteria

Depending on the category, companies are selected based on a number of factors. Criteria considered include:

  • Success in achieving its objectives; technology or product development
  • Growth in revenue or earnings
  • Number of customers and significant customers
  • Technology transfer
  • Attraction of outside investors
  • Impact on the region

Award winners will be chosen based on their nomination form and onsite visits. Finalists and winners will have the opportunity to display their products and services at the awards ceremony.