More than 4,000 companies showed interest in participating in the TOP 100 competition in this year. 366 made it into the qualification round. Of them, 284 moved forward to the final round. 238 were actually selected for the TOP 100 (maximal 100 in every of the three defined size categories). Prof. Dr. Nikolaus Franke and his team from the "Institute for Entrepreneurship and Innovation" of the Vienna University of Economics and Business made the final evaluation. They surveyed more than 100 parameters in five assessment categories: "Innovation-supporting top management", "Innovation climate", "Innovative processes and organisation", " Innovation marketing and outward economic orientation" and "Innovation success".
The TOP 100 are considered to the trailblazers in their industries. And the numbers confirm this: The selected companies comprise 97 national market leaders and 32 global leaders. In average, they obtained 40 percent of their turnover with innovations and product improvements introduced before their competitors. Their growth was 28 percentage points above each sector's average. Together, these companies applied for 2,292 national and international patents in the last three years. This innovative power has its effect on jobs as well: The TOP 100 indicate that they plan to hire approximately 9,500 new employees over the next three years.
The mentor of TOP 100, the science journalist and TV presenter Ranga Yogeshwar, is impressed by the quality of the company and hopes for a signal effect: "It is remarkable how the TOP 100 generate new ideas and develop, from these ideas, trend-setting products and services. For this reason, I am truly glad that the award points a spotlight on these qualities. Hopefully, your company’s success will motivate other companies to do the same. Because a culture of continuous innovation will take on more significance for all enterprises.”