March 23, 2004 -- CodeLab Technology Group of Wakefield nominated for SBANE 2004 New England Innovation Award. CodeLab, a software development and systems integration firm located in Wakefield was nominated for an SBANE award based on its successful business model and stamina. In today's struggling economy the best example of that stamina is growth. CodeLab has not only stayed profitable, but actually grown year over year for the last five years.

The SBANE New England Innovation Award

Avid. Ben & Jerry's. Boston Technology. Brooks Automation. Candela Laser. Chipcom. Genzyme. MathWorks. Nantucket Nectars. PictureTel. PixelVision. Powersoft. Sabre Yachts. Sapient. Staples. Tom's of Maine. Zoom Telephonics. Before these companies became household names, they were recognized as winners of SBANE's New England Innovation Award. These companies differ widely in terms of their products, services, industries, and markets. The one quality they share, from their earliest days, is the ability to achieve success through innovation.

Innovation has always been the driving force of the New England economy, from the Industrial Revolution to the Technological Revolution and now to the iRevolution. Supported and fueled by a world-renowned educational infrastructure, an entrepreneurial culture and a dose of good old-fashioned "Yankee ingenuity."

New England innovation has been vital to the health and prosperity of this region and a model for other regions – and other countries. Innovation has spawned and revitalized thousands of companies in cutting-edge and traditional industries – and they, in turn, have produced the jobs and the revenues to drive New England's economic engine. The hallmark of these innovative New England companies has been their ability to turn innovation into financial success – to seize upon a great idea and use it to build a strong, competitive and profitable enterprise.

The SBANE 2004 New England Innovation Award will be awarded at ‘An Evening of Innovation', Thursday, May 20, 2004.