The Innovation Award recognizes that the economy as a whole benefits from the development and supply of new innovative solutions, products and services. Continuously highlighting this benefit is an important concern of the State Prize. Only if the achievements of companies are visible and comprehensible to the public beyond their respective industries can the key factor of innovation be given the importance it deserves in a modern, knowledge-based society, especially against the backdrop of digitization. The State Prize for Innovation is awarded every year by the BMDW in cooperation with the federal provinces in the form of a two-stage procedure and is organized and carried out by Austria Wirtschaftsservice GmbH (AWS) in cooperation with the federal provinces.