Firm from Munich joins Germany's elite group of innovative companies/Award to be presented by Top 100 mentor Ranga Yogeshwar
Munich – The 23rd Top 100 awards for Germany's most innovative SMEs are about to be presented, and this year, SIMICON GMBH is joining this elite group. The Munich-based firm took part in a rigorous, scientific selection process that analysed innovation management and successful innovation. Ranga Yogeshwar, the competition mentor, will present the top innovators with their awards at the German SME Summit in Essen on 24 June.
SIMICON GmbH has a tradition of coming up with radical, innovative ideas. Teams from the various departments regularly ask themselves questions such as "Why do we always do this like that?", "Can we do it another way?" or "How long do we want to carry on making the product in this way?". In principle, all of the Top 100 award-winner's 15 employees can contribute to the innovation process, and the Munich firm is proud that a full 100 per cent of these ideas were brought to fruition last year. What's more, it only takes an average of five days for a person who has submitted an idea to receive feedback from the management of the family-owned firm. SIMICON's senior management will decide whether an idea is a fit for the company. If it is, they will quickly make capital available so that the company's employees can test out the idea. "This keeps our employees motivated, as they want to achieve their goals quickly, without lots of red tape," explained managing director Paul G. Simon.
SIMICON provides products and services relating to hygiene and safety for customers in the pharmaceutical and medical technology sectors, as well as hospitals, institutes, and laboratory practices. The company, which was founded in 1993, is one of the frontrunners of its sector, both in Germany and around the world. To maintain and even improve its position, SIMICON's managing director and his team consistently use suggestions and feedback from customers to make quality improvements. This innovative company also relies on the interdisciplinary expertise of its employees: with a team incorporating biologists, bio and food engineers, IT specialists and business managers, it pretty much has everything covered.
This year, more than 4,000 companies registered an interest in taking part in the Top 100 competition, with 366 of them applying for the qualification round and 284 getting through to the finals. Ultimately, 238 made it into the Top 100 (maximum of one hundred in each of the three size categories). Once more, the companies were evaluated by Nikolaus Franke, Professor of Entrepreneurship and Innovation at the Vienna University of Economics and Business Administration, and his team. They examined more than 100 parameters in the following five assessment categories: 'Innovation-friendly Senior Management', 'Climate of Innovation', 'Innovative Processes and Organisation', 'Innovations Marketing' and 'Successful Innovations'.
The Top 100 are among the pacesetters in their sectors. Statistics reveal that the evaluation process included 97 German market leaders and 32 global market leaders. On average, they generated 40 per cent of their recent revenue from innovations and product improvements, which they brought to the market before their competitors. Their revenue growth rate was 28 percentage points higher than the average for their industries. In the last three years, these SMEs have together applied for a total of 2,292 German and international patents. This ability to innovate also pays dividends in terms of jobs, with the Top 100 planning to take on around 9,500 new employees in the next three years.
The Top 100's mentor, science journalist and television presenter Ranga Yogeshwar, is impressed by the quality of the companies and hopes they will become role models. 'The way in which the Top 100 companies generate new ideas and develop groundbreaking products and services based on them is remarkable in the truest sense of the word. I am delighted that the award highlights these qualities. I hope their success will encourage others to follow in their footsteps, because this culture of innovation is going to become increasingly important for all companies.'