Outstandingly innovative: Fiagon
Fiagon is one of Germany’s most innovative SMEs / Awards presented by Ranga Yogeshwar
Hennigsdorf – Fiagon AG from Hennigsdorf is awarded the “Top 100” seal for the second time this year – after having been selected as “Innovator of the Year” last year. The reason for the success lies in an innovative product: The company produces navigation devices for the human body. Here the medical technologists place great importance on cooperation and intensive exchange of ideas with their customers. When the company would like to develop new software, for instance, the product managers and the management team meet up with doctors to discuss practicability and implementation of ideas. The doctors accompany the developers throughout the entire innovation process. Moreover, the company from the federal state of Brandenburg works with various universities across Germany, as well as with the companies whose instruments they equip with their sensor systems.
Success through entrepreneurial vision: Fiagon AG was distinguished as one of the most innovative companies in Germany at the German SME Summit in Essen on 26 June. “Top 100” mentor Ranga Yogeshwar honored the Hennigsdorf company with the “Top 100” seal, which has been awarded for over 20 years. Previously, Fiagon underwent a two-stage scientific analysis procedure. The company is entitled to call itself a top innovator for the second time.
The aim of the company founded in 2007 with a workforce of 40 is to always keep improving. CEO Dr. Timo Krüger, who often participates in the project teams, does not see himself as the captain, but rather as one of the crew. “I don’t want to stand in the way of my employees in developing their innovative ideas”, says the boss. Just how important new ideas are to him is illustrated by the fact that the top management of his company invests two-thirds of its time in innovations.
“Our good ideas and their rapid realization are a decisive competitive advantage for us”, explains Krüger, “that’s why we invest a great deal of time and effort in our innovation management. Here we count on the wealth of ideas of all employees. I extend my profound thanks to them for accomplishing the ‘Top 100’ award.”
The basis for winning the “Top 100” seal is a two-stage analysis developed by Prof. Nikolaus Franke and his team from the Institute for Entrepreneurship and Innovation at Vienna University. The scientists investigate the innovation management and the innovation success of small and medium-sized enterprises based on 100 parameters in five categories. The decision on where the “Top 100” seal is ultimately awarded is decided solely by the scientific management board.
This year Franke and his team reviewed more applications than ever before: Of the 302 qualified entrants, 234 managed to make their way into the finals. Among them, 178 received the award in three classes of company size (maximum of 100 companies per size class). The German MSE Summit in Essen provided the backdrop for the awards ceremony.
The “Top 100” are outstanding in every way: 71 national market leaders and no fewer than 31 world market leaders are represented. In total, the top innovators registered 3,405 national and international patents over the past three years. They most recently generated almost 41 percent of their sales volume with market innovations and improvements they brought onto the market ahead of the competition (average of all SMEs in Germany: 6.6 percent). The success is not by chance: The top innovators invest an average of 10.5 percent of their turnover in research and development (average of all SMEs in Germany: 1.5 percent). Two-thirds of the “Top 100” are family enterprises.
“Top 100”: the competition
Since 1993, compamedia has awarded the “Top 100” seal to SMEs for special innovative capability and above-average innovative successes. Prof. Nikolaus Franke from the Institute for Entrepreneurship and Innovation at the Vienna University for Economics and Business Administration has headed the scientific board since 2002. The scientist is acknowledged worldwide as one of the leading experts for user innovation. The mentor of the “Top 100” is the scientific journalist and TV presenter Ranga Yogeshwar. The project partner is the Fraunhofer Society for the Promotion of Applied Research. ‘manager magazin’ accompanies the company competition in the media. More information at www.top100.de.