The 2024 Memcom Leadership Award has been sponsored by Brightelm. If you are interesting in sponsoring an award for 2025, please get in touch with sylwia@memcom.org.uk to find out what options are available.
The RIA Innovation Conference 2024 stood out for its dynamic content, creativity, and its alignment with the goal of fostering innovation within the railway industry. The judges were particularly impressed by the balance of professional development and engaging, innovative elements throughout the event.
Innovation at the Heart of RIA’s Conference
Held in March 2024, at the ICC Wales in Newport, the RIA Innovation Conference was designed to showcase innovation within the rail industry. With a record-breaking attendance of over 450 delegates and 72 exhibitors, the event became the largest and most financially successful in RIA’s 149-year history.
The theme of the conference, "Inspired by Innovation," resonated with participants, resulting in overwhelmingly positive feedback. For the first time, the event exceeded its financial target, generating a £100k surplus, which will support further activities for RIA members and the wider rail industry.
Key Features of the RIA Innovation Conference 2024
Several elements contributed to the conference’s success, creating an experience that blended professional learning, interactive networking, and unique opportunities for collaboration:
- Keynote Speakers
The conference invited a mix of railway and non-railway keynote speakers, bringing fresh perspectives to the attendees. Speakers from organisations like Network Rail, Uber, IBM, and the Met Office inspired participants with insights on innovation across different sectors, encouraging them to think beyond the rail industry’s traditional approaches. - TechTalks
The TechTalks format offered short, punchy presentations from suppliers and clients, sharing innovations already making an impact on the rail network. The 3-minute "elevator pitch" format kept the session dynamic and fast-paced, enabling attendees to explore a wide variety of ideas in a short time. - Future Focus Zone
This section showcased cutting-edge advancements from academia and research institutions, featuring robotics, augmented reality, and new materials. It provided a forward-looking view of how emerging technologies could benefit the railway sector. - Spotlight Sessions
A highlight of the exhibition, these sessions allowed exhibitors to present their innovations directly at their stands, supported by a travelling microphone and PA system. These sessions gave exhibitors more visibility and allowed for interactive networking, enhancing the overall experience for attendees. - Pitch Sessions
RIA partnered with Train Operating Companies (TOCs) and infrastructure managers to host one-on-one pitch sessions, where suppliers could present their innovations directly to industry leaders like Network Rail and Transport for Wales. This format encouraged meaningful connections and direct feedback on new ideas. - Client Showcases
Major rail clients, such as Network Rail and Transport for Wales, had dedicated exhibition spaces where they engaged with suppliers and innovators. This was a key attraction for attendees, ensuring they could easily access key industry players and build valuable relationships. - Networking and Social Events
The evening networking event featured a festival-themed environment, complete with live acoustic music, street food vendors, and games tables. This relaxed setting encouraged informal interactions between industry professionals and provided a fun break from the formal proceedings. - Student Engagement
On the second day, university students were invited to attend the conference free of charge, giving them a chance to network with industry leaders and explore the latest rail innovations. This initiative demonstrated RIA’s commitment to nurturing future talent. - RIC Run
Adding a health and wellness aspect to the event, the conference included a 5k run on the second morning, allowing participants to start their day with a refreshing activity in the scenic grounds of the ICC.
Financial Success and Impact
One of the standout achievements of the RIA Innovation Conference 2024 was its financial success. Surpassing the original £70k target, the event generated a £100k surplus, making it the most profitable event in RIA’s history. This financial surplus will be reinvested into future RIA initiatives, further benefiting members and promoting innovation across the railway sector.
With four strategic partners, fourteen sponsors, and more exhibitors than ever before, the conference not only exceeded expectations but also solidified its position as a must-attend event in the railway industry calendar.
A Well-Deserved Award
The RIA Innovation Conference 2024’s creativity, focus on innovation, and attention to participant experience made it a standout event. The combination of keynote speeches, interactive sessions, and networking opportunities helped foster a collaborative environment that encouraged fresh ideas and industry growth. Winning the Memcom Best Event (Under £100k) Award highlights RIA’s success in hosting an event that inspires and connects key players in the railway sector.
As RIA continues to build on this success, the Innovation Conference is set to remain a vital platform for driving change and fostering collaboration within the industry.
