Futron in the TOP 100
On 24 June 2016, Futron GmbH received - as one of the most innovative companies - the award as a TOP100 company 2016.
The award as one of the industry pioneers in refrigeration technology was handed over by the mentor of the SME Summit Ranga Yogeshwar.
FUTRON is among the TOP 100
Press release 24 June 2016
Company from Netzschkau makes it to Germany’s innovation elite/honoured by TOP 100 mentor Ranga Yogeshwar
Netzschkau – For the 23rd time, the TOP 100 - the most innovative companies of the German small and medium-sized enterprises - are honoured. This year, FUTRON GmbH is among this innovation elite. Previously, the company from Netzschkau participated in a demanding, scientific selection process. The innovation management and the innovative success were examined. The mentor of the innovation competition, Ranga Yogeshwar, honours the top innovator within the frame of the German SME-Summit (Deutsche Mittelstands-Summit) on 24 June in Essen.
FUTRON GmbH, which was awarded the TOP 100 seal, is one of the industry pioneers in refrigeration technology and convinced, in particular, with its outstanding innovative success. 100 percent of the revenues derive from market innovations and innovative improvements, which the company founded in 2008 has brought to the market before the competitors. The top innovator, which faces growing requirements regarding sustainability and strict legal requirements in many fields of application, focussed - from the very beginning - on natural refrigerants such as propane which significantly reduce the emissions and the energy consumption. This makes the tailored solutions to products which combine economic efficiency and environmental sustainability. Approximately 80 percent of the total revenue of the last two years are based on an optimisation of the production processes. The refrigeration and air conditioning experts had developed a modular system that facilitates the assembly of the plants and makes individual modules combinable. Instead of using prefabricated parts, the 21 employees now design and produce the components themselves.
At FUTRON, all employees are encouraged to make a contribution. “We attach great importance to teamwork, so that we can generate proposals across topics”, says the Managing Director Ramona Spörl-Fuhrmann. The Management itself spends 45 percent of the working time on innovations. On average, it takes five days until a decision is made on a proposal for improvement put forward. In the past year, almost two thirds of all ideas submitted have actually been implemented.
This year, more than 4,000 companies were interested in participating in TOP 100. 366 of them applied for the qualifying round. 284 of the 366 companies made it to the final round and, finally, 238 made it to the TOP 100 (a maximum of 100 companies in each of the three size category). The companies were assessed again by Prof. Dr. Nikolaus Franke and his team of the chair for Entrepreneurship and Innovation of the Vienna University of Economics and Business. They investigated more than 100 parameters in five assessment categories: “Innovation-promoting Top Management”, “Innovation Climate”, “Innovative Processes and Organisation”, “Innovation Marketing/External orientation” and “Innovative Success”.
The TOP 100 rank among the pacesetters in their industries. This is shown by the figures of the analysis: The companies include 97 national market leaders and 32 world market leaders. On average, they recently generated 40 percent of their revenue with market innovations and product improvements which they brought to the market before the competitors. Their revenue growth was 28 percentage points above the respective industry average. Altogether, the SMEs applied for 2,292 national and international patents during the last three years. This innovative capacity also pays off regarding jobs: The TOP 100 plan to hire approx. 9,500 new employees in the next three years.
The mentor of TOP 100, the science journalist and TV presenter Ranga Yogeshwar, is impressed by the quality of the companies and hopes for a signal effect: “The way the TOP 100 generate new ideas and develop pioneering products and services from these ideas is remarkable in the truest sense of the word. I am therefore delighted that the award uncovers these qualities. Hopefully, their success encourages other companies to do the same because this innovation culture will become increasingly important for all companies in the future.”
TOP 100: The competition
Since 1993, compamedia has been awarding the TOP 100 seal for special innovative capacity and above-average innovative successes to small and medium-sized enterprises. Since 2002, Prof. Dr. Nikolaus Franke from the Institute for Entrepreneurship and Innovation of the Vienna University of Economics and Business has been the scientific head. The science journalist and TV presenter Ranga Yogeshwar is the mentor of TOP 100. The Fraunhofer Society for the Promotion of Applied Research and the German Association for Small and Medium-sized Businesses are project partners. The manager magazin accompanies the company comparison as media partner. More information at www.top100.de