eKapija's strategic partner in the Aurea 2018 project is the insurance company Coface
, whereas the project partner is Global IT Factory
– With today's selection of the most successful innovative investment projects, we promote the best positive examples from our business environment, and, even more importantly, we also motivate other companies to realize that, in our market, hard work, investments and innovations do pay off. That's why it's important to have with us today representatives of companies which show through their results how we should change the economic environment in Serbia. Coface is a socially responsible company which has always worked on creating new values, whether in Serbia or in one of the 100 countries we have a direct offer in, and it is therefore our great pleasure to be the strategic partner in the Aurea 2018 project in this anniversary year – said Djordje Zivanovic, Coface Country Manager for Serbia.
The Aurea 2018 award ceremony at Belgrade's Aeroklub was also attended by numerous representatives of the business sector, diplomatic corps, business associations and media.
The business portal eKapija hands out the Aurea award as part of its orientation towards socially responsible business, without a financial interest, intending to promote and support project important to a sustainable development of the Serbian economy. The direct benefit for the winners, but also all the investments shortlisted for the award, is promotion, which further materializes through increased visibility with investors, easier communication with media, banks, public administration and other potential partners. The initiative of eKapija to support projects good for a sustainable development of the Serbian economy with the Aurea award has resulted in a wide media promotion of over 80 innovative companies in individuals since 2009.
About the winner of Aurea 2019 award
The Topola-based company Algo Tehnology has mastered the technological process of extracting brown sea algae (Ascophillum nodosum) without the use of large amounts energy or expensive chemical processes.
An ecological process of extraction at the base, which differs from known procedures used in the world, has resulted in the manufacture of products which have been implemented in agriculture as biostimulants and fermentors, as well as in ecology as fermentors for improving the quality of waters and landfill treatment, and a fire extinguishing product. With their innovative solutions, they’ve managed to simplify the entire procedure and make it less expensive, making them 30-40% more competitive regarding the price of the final products compared to other producers.
The technology was being developed for several years. The company was officially founded in 2016, whereas 2017 was their first year in the market.
The capacities of the facility in Pranjani near Cacak are 5 tons an hour. They have 5 products in their production line so far: 3 in agriculture and 2 in ecology. Last year, products worth EUR 200,000 were sold in the Serbian market, whereas, in 2018, Algo Tehnology expects to at least double the result.
In January 2018, a company opened in Macedonia as well, and the export of China was contracted and should start by May.
Around EUR 1.2 million has been invested in research, production and the Development Lab so far.
Brown sea algae are found in oceans in the places where warm and cold sea currents meet. They are present along the entirety of the Gulf Stream, but also around New Zealand and Australia and they can’t be produced under artificial conditions. Algo Tehnology imports them from Ireland and Norway, from direct producers. These algae have a very wide range of implementation, and the sources are nearly inexhaustible. They are used in the cosmetics industry, pharmacy, agriculture, food industry...