PACE Award explained

The PACE Award is an annual award from Automotive News. The focus of the award is an innovation (i) developed primarily by a supplier, (ii) that is new to the automotive industry, (iii) that is in use (e.g., used on a vehicle in production), and (iv) that "changes the rules of the game". Awards have been given for products, materials, processes, capital equipment, software and services. A panel of independent judges from industry, finance, research, and academia choose finalists from the initial applicants, make site visits to evaluate the innovation, and then gather to select winners, independent of the sponsors. Winners to date include suppliers from Japan, Korea, China, the US, Canada, Brazil, Germany, France, Italy, Poland and other European countries.[1] Among the most awarded companies over the years are BorgWarner, Delphi Automotive, Federal-Mogul (acquired in 2018 by Tenneco), Valeo and PPG Industries as well as Robert Bosch GmbH, Gentex Corporation, and Siemens.[2]

Automotive News and Ernst & Young founded the program, which gave out the first awards in 1995 to celebrate innovation, technological advancement and business performance among automotive suppliers. The black-tie awards ceremony has been held just prior to the annual SAE (Society of Automotive Engineers) convention in Detroit. The costs of the program (administration, judges out-of-pocket expenses, and the award ceremony) are paid by a combination of application fees and money from sponsors. For the 2019-20 the sponsors were Deloitte, APMA (the Canadian Automotive Modernization Program) and Invest Canada.[3] Historically the annual award cycle began with gathering applications (through the end of summer, with online submissions); the selection of 30-35 finalists, who were announced at the auto industry's annual Global Leadership Conference in October at the Greenbrier; site visits by judges in November and December; the selection of winners in late January or early February; and the announcement of winners at a black tie event in Detroit in March or April.

For the 2019-2020 award cycle PACE added recognition as a PACE Pilot, which targeted pre-commercial innovations, to try to capture the rise of innovations tied to safety, fuel efficiency, vehicle electrification and driving assist/driving automation. This award attempts to capture innovations earlier in the development cycle, e.g. when they show up in announcements at the Consumer Electronics Show.

Awards programs such as PACE are potential sources for studying the nature of technological change. One such attempt is in Smitka and Warrian (2017). In Chapter6, "Automotive Innovation Model and the Supply Chain: PACE Awards", they find that:"The results indicate that technology-pull is dominant, not technology-push. We do observe some innovation that seems to represent using new materials to implement a well-understood approach that was not previously cost-effective or otherwise was not used. We also find the occasional bright idea that in some cases could have been implemented decades ago, had anyone thought to try. However, overall we find that new vehicle technologies are responses to regulatory pressure to improve safety, limit emissions, and improve fuel efficiency."[4] Similarly, David Andrea notes in Forbes that:"While the popular press is having an interesting debate on whether Detroit or Silicon Valley will have the greatest influence over the mobility revolution, the 2019 PACE awards are dominated by the suppliers with the deepest R&D capabilities and longest histories of commercializing innovation. Reviewing the finalists, it is interesting that the vast majority, 26 of the 31 come from what would be considered "traditional suppliers." And only 6 of the firms are located outside 100 miles of industry's Detroit epicenter. Perhaps this is the result of selection bias as the process to submit applications, meet with judges, produce promotional materials and the like is not small in budget of executive time and funds, two resources always in short supply in smaller firms or start-ups." [5]

1990s

1995[6]

1996[7]

1997[8]

1998[9]

1999[10]

2000s

2000[11]

2001[12]

Product Innovation:

Information Technology/Internet:

Management Practice:

Manufacturing Process:

Europe:

Open Category - Enduring Innovations:

Open Category - Environmental:

2002[13]

Product Innovation:

Europe:

Information Technology:

2003[14]

Product Innovation:

Product Europe:

Manufacturing Process & Capital Equipment:

Information Technology & Services:

2004[15]

Product Innovation:

Product Europe:

Process:

Information Technology:

2005[16]

Product:

Product Europe:

Manufacturing Process & Capital Equipment:

Information Technology & Services:

Innovative OEM Collaborator Awards:

2006[17]

Product:

Product Europe:

Manufacturing Process & Capital Equipment:

Information Technology:

Innovative OEM Collaborator Awards:

2007[18]

Product:

Product Europe:

Manufacturing Process & Capital Equipment:

Information Technology:

Innovative OEM Collaborator Awards:

2008[19]

Product:

Product Europe:

Manufacturing Process & Capital Equipment:

Information Technology and Services:

Innovation Partnership Awards:

2009[20]

Product:

Product Europe:

Manufacturing Process & Capital Equipment:

Information Technology & Services:

Innovation Partnership Awards:

2010s

2010[21]

Product:

Product Europe:

Manufacturing Process & Capital Equipment:

Informatian Technology & Services:

Innovation PArtnership Awards:

2011[22]

Product:

Manufacturing Process:

Innovative Partnership Awards:

2012[23]

Product:

Manufacturing Process:

Innovation Partnership Awards:

2013[24]

Product

Manufacturing Process and Capital Equipment

Information Technology

Innovation Partnership Winners

2014[25]

Product

Manufacturing Process and Capital Equipment

Innovation Partnership Winners

2015[26]

2020s

2020[27]

See also

External links

Notes and References

  1. Web site: PACE Awards winners pulldown menu . 2019-10-09.
  2. Web site: PACE Awards. Automotive News. 15 March 2014. 2019-10-09.
  3. Web site: PACE Awards . 2019-10-09.
  4. Book: Smitka . Michael . Warrian . Peter . A Profile of the Global Auto Industry: Innovation and Dynamics . 2017 . Business Expert Press . 978-1-63157-297-5 . 67.
  5. Web site: PACE Awards Give an Interesting Window on Emerging Automotive Technology.
  6. Web site: 1995 PACE Award Winners 1995 . Automotive News. 2019-10-09.
  7. Web site: 1996 PACE Award Winners . Automotive News. 2019-10-09.
  8. Web site: 1997 PACE Award Winners . Automotive News. 2019-10-09.
  9. Web site: Past Winners 1998 . Automotive News. 2019-10-09.
  10. Web site: Past Winners 1999 . Automotive News. 2013-04-10.
  11. Web site: Past Winners 2000 . Automotive News. 2019-10-09.
  12. Web site: Past Winners 2001 . Automotive News. 2019-10-09.
  13. Web site: Past Winners 2002 . Automotive News. 2019-10-09.
  14. Web site: Past Winners 2003 . Automotive News. 2019-10-09.
  15. Web site: Past Winners 2004 . Automotive News. 2019-10-09.
  16. Web site: Past Winners 2005 . Automotive News. 2019-10-09.
  17. Web site: Past Winners 2006 . Automotive News. 2019-10-09.
  18. Web site: Past Winners 2007 . Automotive News. 2019-10-09.
  19. Web site: Past Winners 2008 . Automotive News. 2019-10-09.
  20. Web site: Past Winners 2009 . Automotive News. 2019-10-09.
  21. Web site: Past Winners 2010 . Automotive News. 2019-10-09.
  22. Web site: Past Winners 2011 . Automotive News. 2019-10-09.
  23. Web site: Past Winners 2012 . Automotive News. 2019-10-09.
  24. Web site: Past Winners 2013. Automotive News. 2019-10-09.
  25. Web site: Past Winners 2014. www.autonews.com. 2019-03-01.
  26. Web site: Past Winners 2015. www.autonews.com. 2 November 2018. 2019-03-01.
  27. Web site: Past Winners 2020. www.autonews.com. 27 April 2020. 2020-06-04.

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