ORAK Engineering participated in this year’s MIT conference which took place in the castle Sholburn in Vienna.  The reason ORAK was invited to the conference by the Austrian embassy in Bulgaria was the award for Innovative enterprise of the year which ORAK received.

The motto of the MIT conference was namely innovations and innovative technologies.  The presenters were the best professors of the Massacuchets Technology Institute such as: Roberto Rigobon, Henry Birdseye Weil, Martin Schmidt, etc.  Based on their experience and research they presented the trends in the development of innovations.  Along with that they also discussed the barriers which can delay or stop the innovative development of the different companies.

The global financial and economic crisis also found its place in the discussions. Overall, the perspective which was assumed by most was that it should push ahead the innovations, because as professor Martin Schmidt shared with the rest of us, when the funds are scarce, we must really move our brains a bit more in order to succeed.