Nabaltec AG Receives German Award for Innovation for the 10th Time
The prize is awarded based on a company analysis conducted by the Department of Entrepreneurship and Innovation at the Vienna University of Economics and Business/AT in various categories, examining the process of innovation within the company’s organization, such as the company’s management and innovation climate, as well as innovation success and marketing. Among the “TOP 100” companies are 101 national market leaders and 26 global market leaders. The project partners are Fraunhofer Association for Applicational Research and the German Association for Small and Medium-Sized Businesses (BVMW). Nabaltec’s innovative management was given particular stress in this year’s independent selection procedure for putting into place the entire process for promoting innovation within the company. Top innovator Nabaltec, formed in 1994 and with 455 employees in Germany in 2015, has created an Innovation Management/Patents Department in order to minimize administrative expenses for innovative ideas.