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ETO MAGNETIC in Stockach is TOP 100 innovator again

Tuesday, 14 February 2023 12:55

For the fifth time, ETO MAGNETIC GmbH in Stockach has been awarded the TOP 100 seal as an innovation leader in the automotive supplier and electronics/electrical engineering sector. The special feature this year: ETO MAGNETIC succeeded in winning the award in the largest starting field in TOP 100 history so far.   

Evaluated by independent experts 
The renowned TOP 100 innovation competition has been bringing together outstanding German SMEs since 1993. TOP 100 is the only competition in Germany that evaluates companies' innovation management and innovation successes.

Making it into the TOP 100 is a major challenge. For this, the prospective TOP 100 innovators must demonstrably produce their innovations on the basis of a systematic approach and successfully transform them into market successes. Based on an in-depth analysis, an independent jury of experts evaluates the candidates in terms of their innovation management. The basis for this is formed by over 100 test criteria in around 40 sets of questions and five main categories: Innovation-promoting top management, innovation climate, innovative processes and organization, external orientation, and innovation success. ETO MAGNETIC achieved top ratings in all areas. 

Innovation as a response to global change 
In 2019, the ETO GRUPPE set itself a new strategic foundation - in response to the major changes of our time, such as climate change, autonomization, electrification and digitalization. Since then, we have invested heavily in innovation. The "Corporate Development & Strategy" unit, which was established in the same year, focuses on new product fields, business units and digital technologies as a complement to our basic and advanced development. 

At the international ETO GRUPPE, entirely new products, as well as software and apps for a wide variety of industries and target groups, have been created since 2019 in addition to the classic portfolio for the automotive and industrial sectors. For example, the ETO GRUPPE has launched innovations for the areas of e-mobility, autonomous driving and traffic infrastructure. Market-ready new developments are also available for smart factories and smart farming. There are also promising new products for medical
technology and care. 

Honoring the TOP 100 in Augsburg 
On June 23, 2023, the official award ceremony will take place at the "Kongress am Park" in Augsburg. The well-known science journalist Ranga Yogeshwar - already a mentor of the TOP 100 for eleven years - will honor ETO MAGNETIC again this year. We are happy about the award because it shows the world what we really are: Innovative at the top!