Experts from the national competition “Prize for Innovations 2011″ organized by Lithuanian Innovation Centre together with Lithuanian Confederation of Industrialists announced the results.

After several stages of selection out of over two hundred of those interested in the competition and out of 79 final participants, 14 companies were announced the winners in three categories of the national competition “Prize for Innovations”. The competition, which has already became a tradition, is fostered by the Ministry of Economy and is organized for the seventh year in a row. The aim of the competition is to promote entrepreneurial thinking, technological development and provide companies with an opportunity to asses their competitiveness and innovation.

Winners in the category of “Innovative Company”:

  • UAB “Ekspla” – manufacturers of laser systems and their components;
  • UAB “PRECIZIKA METROLOGY” – design, production and installation in industry of metrology equipment;
  • UAB “ALGORITMŲ SISTEMOS”- creators of information systems and programs for business;
  • UAB “Selteka”- manufacturers of electronic products;
  • AB “PANEVĖŽIO BALDAI” – road construction and reconstruction company;
  • AB Machinery Factory “Astra”- machine building and metal processing company;
  • UAB “Elektros zona” electrical service providers.

UAB “Selteka” can be proud that in the last five years the company has received awards for innovations for already fourth time.

The “Innovative Company” prize was awarded for already second time, the first prize was awarded in 2007.

In 2008 and 2009 “Selteka” won in the category of “Innovative Product” for designing Lithuanian digital TV set-up boxes.

This year “Prize for Innovations” competition surprised with a record number of different applications and this only proves the popularity of the competition”, claims Kastytis Gečas, director of Lithuanian Innovation Centre (LIC). “The experts found it more difficult than ever to make decisions since not only did the number of economic activities increase, but also the quality of applications became significantly higher. We are impressed by all participants, their precipitation and most importantly their philosophy and principles of business ethics that they follow”, adds the head of LIC.

The winners receive diplomas and figurines of the competition and also are able to use the name of “Prize for Innovations” for promotional purposes.