Lola Institute was founded by joining Institute For Machine Tools, founded by decree of Serbian government in 1963 and Institute For New Technologies, founded in 1983 as part of Ivo Lola Ribar company in Belgrade. By current name, Lola Institute operates since 31st of December 1985. as successor of two institutions. Main determination of Lola Institute is application of contemporary scientific knowledge in industry and integrating results of scientific research projects for development of new products and technologies for foreign and domestic markets. Lola Institute cherishes tradition of best engineering practices and continues to advances it according to new scientific and technological knowledges. Lola Institute carries legacy of a scientific-research function of a Lola System. It represent a institution of wider importance for Serbian industry and economy. Lola institute has research and development knowledges based on latest technical and technological knowledge in following areas: * Computer Controlled Systems * Machine tools * Robotics * Energetics * Mechanical and Process Engineering and Ecology * Computer Simulation of Casting * Stress and Strain Analysis of Mechanical Parts * Occupational Health and Safety (OHS) Risk Assessment * Quality Management Lola Institute has interdisciplinary teams, combined of experts with PhD and M. Sci. in various engineering and scientific fields, able to apply their scientific knowledge in industry to efficiently solve various problems.