Hennigsdorf enterprise at number 1 in the innovation competition TOP 100/honored by TOP 100 mentor Ranga Yogeshwar
Hennigsdorf – For the 23rd time, the TOP 100 are distinguished as the most innovative of Germany’s medium-sized companies. Fiagon AG is especially celebrating – in its size class (companies with up to 50 employees), it placed above all the others. The Henningsdorf company previously took part in a challenging academic selection process and submitted itself to the TOP 100 jury. The mentor of the competition, Ranga Yogeshwar, will honor the company during the German Mid-Sized Business Summit on June 24th in Essen.
In size class A (up to 50 employees), Fiagon AG impressed the TOP 100 jury the most. The jurors chose the company from Hennigsdorf, near Berlin, as the “Innovator of the Year 2016” from the ranks of this year’s TOP 100 companies. In 2014, the company also carried away the victory in its size class.
With 43 employees, the medical technology start-up develops, produces and distributes electromagnetic navigation systems for surgical procedures. Fiagon is particularly successful with the invention of a microsensor attached to the tip of surgical instruments. “The microsensor indicates the exact position of the surgical instrument in the human body – millimeter-precise in a three-dimensional image of the body part on which the surgeon is operating”, as Marketing Manager Nicolas Bublies explains the product.
In addition to the success of innovation, the jury was also impressed by the company’s climate of innovation, the commitment of the company management, and their innovative marketing.
The TOP 100 jury, in its ruling, writes this about Fiagon:
“The company culture is characterized by a labor-intensive but positive atmosphere that encourages employees to develop their own ideas. The company management sets a good example – they dedicate two-thirds of their work time to innovation. In their innovation marketing, the company involves surgeons from all over the world, even before the start of development – first of all as suppliers of ideas, criticism and feedback, and then, after market introduction, testimonials. In this way, Fiagon has succeeded, in an exemplary manner, in achieving international brand recognition.”
This year, over 4000 companies were interested in participating in TOP 100. 366 of them applied for the qualification round. Of these, 284 made it into the final round. 238 of these finally made the leap into the TOP 100 (maximum of 100 in each of the three size classes). The companies were re-evaluated by Prof. Dr. Nikolaus Franke of the Chair in Entrepreneurship and Innovation of the Business University of Vienna and his team. They examined over 100 parameters in five evaluation categories. Out of all TOP 100 companies, each of the three best companies of each size class made it to the elimination round for the overall victory in their size class. The decision on the “Innovator of the Year” was made on the basis of all the information collected by the TOP 100 jury, which was made up of experts in business, science and politics.
The TOP 100 are pioneers in their industries. This is shown by the figures from the evaluation – among these companies are 97 national market leaders and 32 world market leaders. On average, they achieved 40 percent of sales with items new to the market and product improvements that they brought to market ahead of the competition. Their sales growth was 28 percentage points above the industry average. Together, these SMEs have registered 2292 national and international patents within the past three years. This innovation drive also pays off in the workplace – the TOP 100 are planning to hire around 9500 new employees in the next three years.
The TOP 100 mentor, science journalist and TV moderator Ranga Yogeshwar, is impressed by the quality of the companies and hopes to send a signal: “The way in which the TOP 100 generate new ideas and develop pioneering products and services from these ideas is remarkable in every sense of the word. Therefore, I am pleased that the award makes these qualities visible. Hopefully, their success will encourage other companies to follow suit. This culture of innovation will become more and more important for all companies in the future.
TOP 100: The Competition
Since 1993, compamedia has been awarding the TOP 100 seal to medium-sized companies for special innovative strength and above-average achievements in innovation. The academic leadership has been in the hands of Prof. Dr. Nikolaus Franke of the Institute for Entrepreneurship and Innovation of the Business University of Vienna since 2002. The TOP 100 mentor is science journalist and TV moderator Ranga Yogeshwar. Project partners are the Fraunhofer-Gesellschaft for the Promotion of Applied Research and the BVMW. manager magazin (a German business journal) provides assistance, as a media partner, with comparing the companies. See www.top100.de for more information.