Paper on Maximizing Return on Innovating Investments Receives Award at Member Summit


National Award Honors Washington, Virginia and Ohio Research and Development Executives

Lincolnshire, IL - For their paper in Industrial Research Institute's (IRI) award winning bi-monthly journal Research-Technology Management (RTM), “Maximizing Return on Innovating Investment,” (November-December 2006), Miles P. Drake, and Ronald S. Jonash and Nabil Y. Sakkab, have been awarded The Maurice Holland Award. Presented at IRI's 2007 Member Summit Lincolnshire, Marriott, October 16, 2007, the national award recognizes the best papers published in RTM and honors IRI's founder, Maurice Holland. The award is presented for papers published during the previous year (2006).

Now in its 50th year, RTM contains peer-reviewed articles covering the full spectrum of technological innovation, from research and development through product development to marketing. RTM is a leading source of knowledge and best practices on innovation management for leaders of research, development, and engineering worldwide.

“We are honored to present the 2007 Maurice Holland award to Miles Drake, Nabil Sakkab, and Ronad Jonash for their outstanding paper,” said Ed Bernstein, president of IRI. “This paper was a result of a panel discussion held at IRI's 2006 Annual Meeting reflecting on a Booz Hamilton report. The authors challenge the fundamental logic of the report's claim that there is no correlation between innovation and growth and share experiences from their own companies.”

Miles P. Drake is senior vice president, research and development and chief technology officer at Weyerhaeuser Company (Federal Way, WA). He manages a research department creating new technical-based options for growth for the corporation. Before joining Weyerhaeuser, Drake was with Air Products and Chemicals, Inc., where he had served as vice president, research and development and chief technology officer since 2001. A former IRI chairman, Drake holds a Ph.D. from Bristol University School of Surface Chemistry and a BA in Natural Science from Cambridge University UK.

Ronald S. Jonash is a senior partner of Monitor Innovation., a member of the Monitor Group (McLean, VA), for the past five years, and previously, was head of Innovation Management Inc. He also was managing director of the Technology and Innovation Management Practice for Arthur D. Little worldwide, where he served as Chief Innovation Officer and board member of the Technology Investment Board. He specializes in the strategic management of technology, innovation and R&D, and the management of product creation and product development to create and capture maximum value. He has degrees in Economics and Engineering Systems from Princeton University where he also received his Master's Degree in Architecture and Design.

Nabil Y. Sakkab is Senior Vice President, Corporate Research and Development and a member of the Leadership Council at Procter & Gamble (Cincinnati, OH). He has been with Procter & Gamble since 1974 and has held a wide variety of positions including those in Japan, China, Brussels, Belgium, and Ohio. Nabil is a 1970 graduate of the American University of Beirut with a Bachelor's Degree in chemistry. He holds a doctorate in Chemistry from the Illinois Institute of Technology (1973), and completed post doctorate studies at Texas A&M. He is the author of several scientific publications and is a co-inventor on several patents. He served on IRI's Board and is IRI's 2007 Medal Award Recipient. “Maximizing Return on Innovation Investment” is offered as a podcast on iTunes and on the IRI Website.

IRI's Member Summit is open to members only. To find out more about joining the organization, contact, Cesar Castro, Director, Member Development, 703.647.2580. If you are currently a member of IRI and want to register for the conference, log onto

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About the Industrial Research Institute
The Industrial Research Institute (IRI) is the foremost business association of leaders in research and development (R&D) working together to enhance the effectiveness of technological innovation in industry. Founded in 1938 through the National Research Council, the IRI comprises senior executives from a diverse range of industries whose member companies are investing over $70 billion annually in R&D worldwide. The IRI is the leading cross-industry organization providing the R&D community with insights, solutions and best practices in innovation management developed through collaborative knowledge creation.