Based in Glasgow, M Squared designs and engineers products and applications for a diverse range of industries, from frontier science and advanced manufacturing, to oil and gas research, and space technology.
Its work in the medical sector has been particularly pioneering, with cross-sector partnerships leading to life-changing breakthroughs in areas as diverse as dementia research and cancer diagnosis, as well as business applications including whisky maturation.
The Innovation Award recognises the company that successfully applies any form of innovation, and celebrates the ideas that have had the greatest impact on an organisation, company or industry.
Whether the innovation is a new product, a service or a culture of improvement, the judges looked for evidence of how the innovation has been developed and applied to improve commercial performance, operational effectiveness or customer engagement.
Dr Nils Hempler, M Squared Lasers head of innovation, said: “We’re really really excited to win this award – innovation is at the core of what we do and we work with the brightest names in science to really translate academia to real applications to solve societal problems.”
When asked for his advice to the next generation of award winners, he said: “If you want to innovate don’t be shy to work with the outside world, it’s a great way to collaborate with others and not just work behind closed doors.
“Open innovation has worked exceptionally well for us, it’s the key to our success so far and the potential for the company in the future.”