On Friday, the German Institute for Invention (Deutsches Institut für Erfindungswesen) hosted its sixtieth annual “Diesel Medal” awards in the Hall of Fame at the German Museum in Munich with more than 200 guests from business, politics and the media. MultiLing was a sponsor of the event again this year.
The Bosch Group was honored with a Diesel Medal for “outstanding contribution to innovation” in recognition of the exceptional technological leadership and innovative strength across the company. Christof Bosch was joined by four of Bosch’s 2013 “Inventors of the Year” in accepting the award on behalf of the over 42,000 researchers within the Bosch Group.
In 2012, Bosch spent some 4.8 billion euros for research and development and applied for nearly 4,800 patents worldwide. The company attributes its success in this area to a special ownership structure, consistently high levels of investment in research and development and focusing on innovations that bring real benefit and increase quality of life.
“In a series of guidelines, as he called them, Robert Bosch set down his tenets for successfully managing a company,” Christof Bosch continued. “Here he says that a company should in fact serve the community – that what benefits business and what benefits society are two sides of the same coin.”
The strategy appears to be effective in supporting Bosch’s growth and longevity. The Bosch Group is a leading global supplier of technology and services in automotive and industrial technology, consumer goods, and in energy and building technology. In fiscal 2012, its roughly 306,000 associates generated sales of 52.5 billion euros.
Additional Diesel Medals were awarded to Vorwerk for sustainable innovations, the Youth Research Foundation for the best support of innovation, and to the Knowledge before Eight television program for innovation in media communications.
“60 years of the Diesel Medal”
On the initiative of Eugen Diesel, the son of Rudolf Diesel, inventor of the Diesel engine, the Diesel Medal was launched in 1952 and awarded for the first time in 1953. It is Germany’s oldest innovation prize, and is awarded by the charitable Deutsches Institut für Erfindungswesen. The Diesel Medal helps to raise the public profile of inventors and innovative companies and to support their work.
Congratulations from MultiLing!