ISRA VISION AG is one of the 100 most innovative small and medium-sized companies (SMEs) in Germany according to this year´s nationwide Top 100 corporate benchmarking competition. Now in its 15th year, the aim of this competition is to seek out outstanding examples of innovation management in Germany´s SME sector. Lothar Späth, former state premier of Baden-Württemberg, will award this prestigious seal of approval to ISRA VISION AG at an official ceremony at the Phönixhalle in Stuttgart on Friday evening.
As patron of the SME project he will be recognising ISRA VISION´s success in the five key categories of "Successful Innovations", "Climate of Innovation", "Innovative Processes and Organisation", "Innovation-friendly Senior Management" and "Innovations Marketing". ISRA, which supplies turn-key solutions for the detailed inspection of surfaces, fully automated assembly equipment as well as locating and positioning equipment, was particularly impressive in the "Successful Innovations" category. This is largely because the company, which has sites in Asia, Europe and the USA and is now one of the leading companies in its sector, focuses strongly on its core competence of machine vision. It has developed robot vision solutions and also completely new types of inspection systems for precise detection of defects in a wide range of technically different surfaces. The robot vision solutions imitate the interaction of the human eye and hand so effectively that even complex tasks become everyday jobs for ISRA systems. The company works closely with universities, research institutes, customers and industrial partners to optimise existing systems and to develop and implement new applications. Its customers are in the automotive, printing and paper and glass and plastics industries. This successful cooperation model plus the creative input from its workforce of 300 has enabled ISRA VISION AG to increase its revenue and earnings for nine consecutive years.
Top 100 seeks out and encourages small and medium-sized enterprises with outstanding innovative capabilities. The search is carried out by experts in innovation from the Vienna University of Economics and Business Administration, led by Professor Nikolaus Franke. A first questionnaire is used to record the innovative potential of entrants, then a second questionnaire is used to assess key aspects of their innovation management. Prof Franke summarises the results for each winning company in a comprehensive benchmarking report. "This means that the award has a practical use for us, as well as enhancing our image", enthused Enis Ersü, chief executive officer of ISRA VISION AG. "The SWOT analysis enables us to further optimise our innovation management on the basis of a sound scientific evaluation."
The Top 100 project is organised by compamedia GmbH, Überlingen, Germany. All 100 companies are featured in the book "Top 100 - the 100 most innovative companies in Germany´s SME sector" introduced by Lothar Späth. Further details about the companies are presented on the website at www.top100.de and they are provided with basic PR and press support. Furthermore, as Top 100 award-winners they automatically belong to the network of top innovators and benefit from meetings and contacts with the other 99 finalists. Overall more than 280 companies entered the Top 100 competition this year. The next round of this prestigious competition for SMEs begins in September 2007.