A plate heat exchanger development and production project presented by Teplo 21 Century was named the best regional project at a recent innovation competition in the Stavropol region, in the Northern Caucasus, the Alliance-Media National Business Partnership website reported, citing a source in the Stavropol regional government.
The winner has been awarded a yet-unspecified monetary prize, the source said.
The second place went to Stilsoft, a regional IT developer, for its “security corridor” project aimed at identifying people by their faces. SlavPlast, a Stavropol company developing a knotless net production project, took the third prize.
The Innovation of the Year 2013 show and competition saw more than 50 innovation projects from Stavropol regional companies and universities, covering sectors as diverse as mechanical engineering, IT, agriculture, pharma, medical diagnostics, ecology, food industry, fodder production, cosmetology, and some others.
The regional government has introduced a special mechanism to back local innovation efforts from an early-stage idea to setting up serial production in what is known as “innovation lift.”