Dostofarm GmbH rewarded "Innovative through research" seal!
The Dostofarm GmbH was rewarded the seal "Innovative through research by the German Stiferverband.
Since 2014 the Stifterverband rewards researching companies which have shown special engagement for research and development with the "Innovative through Research" seal.
Stifterverband focuses its efforts primarily on the fields of education, science and innovation. To date, it is the only organisation in Germany to engage in holistic work in all three areas, with projects that build on one another with synergistic effect.
Stifterverband examines and assesses the conditions underlying the German innovation system. It is a key partner for business, science and politics when it comes to the future viability of companies and society as a whole. In this area, Stifterverband’s work mainly involves analyses, consulting and evaluation. In doing so, it uses a combination of its own empirical research and its network contacts in business and academia to stimulate political, social and economic debates on innovation-centred questions.
Dostofarm has been awarded at the German SME Summit in Essen on 26 June and is joining an exclusive group of prizewinners stretching back over more than 20 years as Top 100 mentor Ranga Yogeshwar awards it the Top 100 seal of approval. The award to DOSTOFARM is the outcome of a two-stage analytical procedure by a team of research scientists.
The jury pointed out that Dostofarm showed foresight at an early stage, entering the natural feed additives market more than 15 years ago and has already established itself in this growth market both nationally and internationally. As the first company in the world, Dostofarm was able to develop a pure natural active ingredient - essential oregano oil - which is fully standardized by controlling plant species, cultivation, extraction and processing in a vertical integration. This unique and innovative approach has been confirmed and awarded by the TOP 100 research scientists.
The Top 100 accolade is awarded on the basis of a two-stage analysis developed by Nikolaus Franke, Professor of Entrepreneurship and Innovation at the Vienna University of Economics and Business Administration, and his team. The research scientists use more than 100 parameters in five separate categories to investigate how SMEs manage and generate successful innovations. The decision as to which companies ultimately receive the Top 100 award lies exclusively with the academic coordinators of the project.
The Top 100 are outstanding in every respect: this year’s crop includes 71 domestic market leaders and as many as 31 global market leaders. Nearly 41 per cent of their recent revenues came from new products and innovations, which they brought to the market before their competitors (average of all SMEs in Germany: 6.6 per cent). This success is no accident: the top innovators invest an average of 10.5 per cent of revenues in research and development (average of all SMEs in Germany: 1.5 per cent). Two thirds of the Top 100 are family businesses.
The Top 100competition
Since 1993, compamedia has been awarding the Top 100 seal of approval to SMEs with particular innovative capacity and above-average success rates for innovations. This project has been coordinated by Professor Nikolaus Franke from the Institute of Entrepreneurship and Innovation at the Vienna University of Economics and Business Administration since 2002. Professor Franke is one of the world’s leading experts in the field of user innovation. The Top 100 is mentored by journalist and television presenter Ranga Yogeshwar, and organised in partnership with the Fraunhofer Society for the Promotion of Applied Research. manager magazin provides media support for the company benchmarking competition. Further information is available at www.top100.de.