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IKA-Werke bags most innovative medium-sized biz award in Germany

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Award presented at the German SME Summit in Essen

IKA-Werke KG has been  recognised as one of the most innovative medium-sized businesses in Germany at the German SME Summit in Essen. ‘Top 100’ mentor Ranga Yogeshwar honoured the company with the seal of approval: IKA-Werke is ‘Top 100 Innovator’ for the third time in a row and in 2015, reached second place in the category for companies with over 250 employees.

The company, based in Staufen im Breisgau, employs over 800 people at eight locations on four continents. President and Owner, René Stiegelmann is always coming up with new ideas. He allots 70 per cent of his working hours to innovation activities. “We set high standards for the functionality and durability of our products. That is why we con-stantly strive to improve on what we have achieved,” explains Stiegelmann.

Since customer requirements can be very specific, the company needs highly customised innovation processes. For example, if customers cannot find a suitable solution in the existing IKA product portfolio, they can contact the customising centre. In this department, engineers will assess the feasibility of a customer request.

Processes can be realistically simulated and presented to the customer on a small scale by using one or more of the several pilot systems. In the Application Support Lab, customers can learn more about the devices suitable for their applications or experiments. Good ideas and their rapid implementation are a key competitive factor for us. This is why we invest a great deal of time and money in our innovation management processes. As part of this, we rely on the wealth of ideas that come from all of our employees. I would like to thank them all for helping us achieve the ‘Top 100 Innovator’ award,” explains Stiegelmann.

The ‘Top 100’ seal of approval is awarded after a two-stage review process developed by Dr Nikolaus Franke and his team from the Institute for Entrepreneurship and Innovation at the Vienna University of Economics and Business Administration. Analysts investigate the innovation management processes and their success using over 100 parameters across five categories. The decision on which medium-sized company is awarded the ‘Top 100’ seal of approval is solely made by the analyst panel.

EP News BureauMumbai

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