igus is once again looking for creative Low Cost Automation projects with the fastest return on investment

igus launches application phase for the third ROIBOT Award 2024

To strengthen competitiveness, organisations will have to focus on automation. Thanks to Low Cost Automation (LCA) and the RBTX robotics marketplace from igus, companies of all sizes can find a complete solution that suits their requirements and budget. The plastics company is now honouring the projects with the fastest return on investment (ROI) with the ROIBOT Award for the third time. Users can now apply to win LCA products worth €5,000 in addition to international recognition.

Corporations and small and medium-sized enterprises (SMEs) are looking for automation solutions that are cost-effective and easy to implement. It is precisely this need that igus fulfils with LCA. The Cologne-based plastics specialist offers everything interested parties need for cost-effective process automation from a single source: from individual components and robots with peripherals to complete solutions for customised applications. The average investment costs here are €12,000. By way of comparison, an industrial robot can easily 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," states Alexander Mühlens, Head of the Low Cost Automation Business Unit at igus. However, many of these inventions receive too little attention. "Which 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." igus holds the competition with an international focus every two years. In 2022, 110 projects from 20 countries applied.

Starting signal for the application phase

Users can apply for the ROIBOT Award with their automation projects until 30th June 2024 at https://roibot.eu/roibot registration. 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 RBTX.com. These include, for example, articulated arm robots, Cartesian robots, delta robots and SCARA robots.

Winning low-cost automation products worth €5,000 and attracting attention

A jury consisting of representatives from the specialist press and industry experts selects the three best projects that stand out due to originality and a 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," concludes Mühlens. The winner of the ROIBOT Award 2022, MFG Technik & Service GmbH, also benefited from this. The company from Kranzberg near Munich convinced the jury with its Label Monkey, a LCA solution that labels industrial pallets from three sides using the robolink DP robot arm from igus.