igus has launched the third ROIBOT Award, seeking projects with the fastest return on investment (ROI). Users can apply to win LCA products worth €5,000 in addition to international recognition.
igus launched its low-cost automation (LCA) solutions for corporations and small and medium-sized enterprises demanding cost-effective automation solutions which are also easy to implement. The company offers cost-effective process automation from a single source – from individual components and robots with peripherals to complete solutions for customised applications, at an average investment cost of €12,000. In comparison, an industrial robot can cost over €100,000, including control system, software, and licences.
“We are always amazed at the creative way in which companies use our components. From automated earthworm farms to robots that serve beer,” stated Alexander Mühlens, head of the low-cost automation business unit at igus. However, many of these inventions receive little attention.
“This is why we are organising the ROIBOT Award 2024. For the third time, we would like to offer a stage to LCA projects that demonstrate courage, creativity and out-of-the-box thinking.”
Starting signal for the application phase
Users can apply for the ROIBOT Award with their automation projects until 30 Jun 2024. igus offers support on request. A team of experts will create free video and image recordings of the application and supervise the staging. Participants thus skip the application process and are direct candidates for the competition. The prerequisite is that the LCA solutions work with components purchased from igus or via the RBTX website. These include, for example, articulated arm robots, Cartesian robots, delta robots and SCARA robots.
A jury will select the three best projects that stand out for their originality and low ROI. The winner will receive LCA hardware worth €5,000, while the runners-up will be awarded €2,500 and €1,000.
“The competition also offers participants international media attention and the opportunity to network with other automation enthusiasts, share experiences, gain inspiration and perhaps even explore new career opportunities. For example, investors were found for a young start-up at the last ROIBOT Award,” concluded Mühlens.
The winner of the ROIBOT Award 2022 was MFG Technik & Service, who submitted a LCA solution that labelled industrial pallets from three sides using igus’ robolink DP robot arm.