Is it possible to attach a value to winning an award? Are they worth the effort to galvanise an internal team to pull together an outstanding entry? Do they result in more investment? And how do you manage the implications of not winning (and in many cases, not even being shortlisted)?
These are difficult questions to answer, but I did want to give a few examples of where winning an IChemE Award can be the beginning of commercial and reputational success.