Touch Bionics, developer of advanced upper-limb bionic technologies and clinical solutions, today announced that it has won the award for the Most Innovative Company of the Year in Europe in the 2010 International Business Awards. The International Business Awards are the only global, all-encompassing business awards program honouring great performances in business.

Nicknamed the Stevie® for the Greek word “crowned,” the awards will be presented to winners at a gala dinner on Monday, 27 September in the Ritz-Carlton Hotel in Istanbul, Turkey.

In the application process for the award, Touch Bionics was assessed on its progress in innovation over the past year, which included the launches of both its ProDigits partial hand solution and its new prosthetic hand device, the i-LIMB Pulse. Honourees were selected through two rounds of judging by business professionals worldwide. More than 1,700 entries were received from organizations and individuals in more than 40 nations.

Other companies recognised as Distinguished Honourees in the same category topped by Touch Bionics included major brands like H&M, Nestle and SAP.

“Winning an International Business Award is a demonstration of Touch Bionics’ outstanding innovation and business success over the past year, and to win ahead of some of the biggest names in global business is a tremendous achievement,” said Stuart Mead, Touch Bionics’ CEO. “Innovation is at the core of this company and, from the launch of our first product, the i-LIMB Hand, we have never stopped innovating to ensure we continue to lead the world in the field of commercial bionic technology.”

“Despite the harsh economic climate, entries to the IBAs actually grew a bit this year, and that illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs. “We congratulate all of the Finalists and International Stevie Awards winners, and we look forward to honouring them for their achievements at our gala awards dinner in Istanbul on 27 September.”