DeVeTec is in the TOP 100

With its unique waste heat power plant, DeVeTec GmbH is amongst the winners at the TOP 100.

The Saarbrücken company makes into Germany's innovation elite/Honour bestowed by TOP 100 mentor Ranga Yogeshwar

Saarbrücken – The TOP 100 - Germany's most innovative medium-sized companies - were honoured for the 23rd time. This year DeVeTec GmbH becomes one of these elite innovators. To get there, the Saarbrücken company participated in a demanding scientific selection process. Innovation management and innovation success were investigated. The mentor of the innovation competition, Ranga Yogeshwar, honours the top innovator as part of the Deutscher Mittelstands-Summit (summit for German medium sized companies) on 24 June in Essen.

With its unique waste heat power plant, DeVeTec GmbH is amongst the winners at the TOP 100: The company uses waste heat to generate electricity. Waste heat is heat which arises wherever energy is used, and is normally released unused to the environment. In this very young market of the energy industry, for which completely new solutions are always in demand, the family company founded in 2000 is a leader in the market sector for medium-sized ORC waste heat power plants, both nationally and internationally. DeVeTec makes all its turnover from market innovations - like 2015 with a new engine family, or with its own system for early damage recognition, which automatically records technical problems. 

The small company, with 24 employees, undertakes every single work step itself, from design of a plant through to its commissioning, and it is therefore always able to conduct practically oriented research. Managing director Michael Schmidt describes the innovation process as "open-heart surgery" because new developments are often based on trial and error methods, and there are not yet any standard solutions. Individual work groups deal with very specialised tasks. The solution approaches are discussed jointly and embedded back into the project, so that they can be tested as complete systems. Through in-house manufacture and cost-reducing process innovations, the Top 100 company has recently saved 40 percent of its total costs. DeVeTec has already registered numerous product applications as patents and registered designs nationally and internationally. Michael Schmidt, who is the driver of innovation in the management team, together with the technical director Rainer Schnur, says: "We never doubt our ideas - and we never give up!"

This year more than 4,000 companies indicated an interest in participating in TOP 100. 366 of them applied for the qualification round. 284 of them made it into the final round. Finally, 238 managed the leap into the TOP 100 (maximum of 100 in each of the size classes). The companies were again assessed by Prof. Dr. Nikolaus Franke and his team from the chair for Entrepreneurship and Innovation of the Vienna University of Economics and Business. They tested more than 100 parameters in five assessment categories: "Top management which encourages innovation", "Innovation climate", "Innovative processes and organisation“, "Innovation marketing/external orientation" and "Successful innovation".

The TOP 100 are the pacesetters in their industries. The figures for the assessment prove this: The companies include 97 national market leaders and 32 world market leaders. On average, they have recently achieved 40 percent of their turnover from market innovations and product improvements, which they brought to the market before the competition did. Their growth in turnover was 28 percentage points higher than their applicable industry average. Together, the medium-sized companies registered 2,292 national and international patents in the past three years. This innovative force also shows in terms of jobs: In the next three years the TOP 100 plan to take on 9,500 new employees.

The mentor of TOP 100, the financial journalist and TV presenter, Ranga Yogeshwar, is impressed by the quality of the companies, and hopes for a signal effect: "The way in which the TOP 100 generate new ideas, and from them develop trailblazing products and services, is remarkable in the truest sense of the word. I'm therefore delighted that the award makes these qualities evident. Hopefully their success inspires other companies to emulate them, because in future this innovation culture will become ever more important for all companies."

TOP 100: the competition

Since 1993, compamedia has awarded the TOP 100 seal to medium-sized companies for particular innovative capacity and above-average innovation successes. Since 2002, the scientific leadership has been in the hands of. Dr. Nikolaus Franke from the Institute for Entrepreneurship and Innovation of the Vienna University of Economics and Business. The mentor of TOP 100 is the financial journalist and TV presenter, Ranga Yogeshwar. Project partners are the Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung (Fraunhofer Society for the advancement of applied research) and BVMW (German Association for Small and Medium-sized Businesses). The company comparison is supported by "Manager Magazin" as media partner. Further information:www.top100.de

 

DeVeTec is in the TOP 100

With its unique waste heat power plant, DeVeTec GmbH is amongst the winners at the TOP 100.

The Saarbrücken company makes into Germany's innovation elite/Honour bestowed by TOP 100 mentor Ranga Yogeshwar

Saarbrücken – The TOP 100 - Germany's most innovative medium-sized companies - were honoured for the 23rd time. This year DeVeTec GmbH becomes one of these elite innovators. To get there, the Saarbrücken company participated in a demanding scientific selection process. Innovation management and innovation success were investigated. The mentor of the innovation competition, Ranga Yogeshwar, honours the top innovator as part of the Deutscher Mittelstands-Summit (summit for German medium sized companies) on 24 June in Essen.

With its unique waste heat power plant, DeVeTec GmbH is amongst the winners at the TOP 100: The company uses waste heat to generate electricity. Waste heat is heat which arises wherever energy is used, and is normally released unused to the environment. In this very young market of the energy industry, for which completely new solutions are always in demand, the family company founded in 2000 is a leader in the market sector for medium-sized ORC waste heat power plants, both nationally and internationally. DeVeTec makes all its turnover from market innovations - like 2015 with a new engine family, or with its own system for early damage recognition, which automatically records technical problems. 

The small company, with 24 employees, undertakes every single work step itself, from design of a plant through to its commissioning, and it is therefore always able to conduct practically oriented research. Managing director Michael Schmidt describes the innovation process as "open-heart surgery" because new developments are often based on trial and error methods, and there are not yet any standard solutions. Individual work groups deal with very specialised tasks. The solution approaches are discussed jointly and embedded back into the project, so that they can be tested as complete systems. Through in-house manufacture and cost-reducing process innovations, the Top 100 company has recently saved 40 percent of its total costs. DeVeTec has already registered numerous product applications as patents and registered designs nationally and internationally. Michael Schmidt, who is the driver of innovation in the management team, together with the technical director Rainer Schnur, says: "We never doubt our ideas - and we never give up!"

This year more than 4,000 companies indicated an interest in participating in TOP 100. 366 of them applied for the qualification round. 284 of them made it into the final round. Finally, 238 managed the leap into the TOP 100 (maximum of 100 in each of the size classes). The companies were again assessed by Prof. Dr. Nikolaus Franke and his team from the chair for Entrepreneurship and Innovation of the Vienna University of Economics and Business. They tested more than 100 parameters in five assessment categories: "Top management which encourages innovation", "Innovation climate", "Innovative processes and organisation“, "Innovation marketing/external orientation" and "Successful innovation".

The TOP 100 are the pacesetters in their industries. The figures for the assessment prove this: The companies include 97 national market leaders and 32 world market leaders. On average, they have recently achieved 40 percent of their turnover from market innovations and product improvements, which they brought to the market before the competition did. Their growth in turnover was 28 percentage points higher than their applicable industry average. Together, the medium-sized companies registered 2,292 national and international patents in the past three years. This innovative force also shows in terms of jobs: In the next three years the TOP 100 plan to take on 9,500 new employees.

The mentor of TOP 100, the financial journalist and TV presenter, Ranga Yogeshwar, is impressed by the quality of the companies, and hopes for a signal effect: "The way in which the TOP 100 generate new ideas, and from them develop trailblazing products and services, is remarkable in the truest sense of the word. I'm therefore delighted that the award makes these qualities evident. Hopefully their success inspires other companies to emulate them, because in future this innovation culture will become ever more important for all companies."

TOP 100: the competition

Since 1993, compamedia has awarded the TOP 100 seal to medium-sized companies for particular innovative capacity and above-average innovation successes. Since 2002, the scientific leadership has been in the hands of. Dr. Nikolaus Franke from the Institute for Entrepreneurship and Innovation of the Vienna University of Economics and Business. The mentor of TOP 100 is the financial journalist and TV presenter, Ranga Yogeshwar. Project partners are the Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung (Fraunhofer Society for the advancement of applied research) and BVMW (German Association for Small and Medium-sized Businesses). The company comparison is supported by "Manager Magazin" as media partner. Further information:www.top100.de