Intel Innovation Award

Intel has established Inelovu Award for Innovation (Intel Innovation Award) as part of its long-term plan to encourage initiatives of young entrepreneurs in Europe. During the annual competition in the accomplishments of young entrepreneurs (Junior Achievement Young Enterprise (JA-YE) Europe Enterprise Challenge 2010) Intel has awarded the first prize for innovation Bulgarian IT company RS Consult BG Ltd. formed and governed by students. The winner is selected based on business case studies and evaluated based on criteria that included usability innovations to improve efficiency, increased market value, cost savings, socially beneficial market access and improved positioning.