The long-term goal and at the same time the development strategy of SLOVAKIA, a. s. is to increase competitiveness through innovation in the production process as well as through the production of new and innovative products. Based on the long-term goal and strategy of the company SLOVAKIA, a. s., the main objective of the project is to innovate the process of production of hydraulic equipment used in forestry and agriculture and to bring new and innovative hydraulic lifting equipment to the market.  The objective of the project will be realised through one main activity of the project “Development of an existing SME”, which will contribute to product and process innovation. The main activity will be the purchase of new fixed assets, which will be used to produce the applicant’s new product – Hydraulic Hand EC 185Z – 93. The subject of the activity will also be marketing activities related to the introduction of the applicant’s new/innovated product on the market. To achieve the objectives, the main activity will contribute by achieving measurable indicators resulting from it: Number of products new to the company: number 1; Number of innovated processes: number 1; Number of enterprises receiving support to introduce products that are new to the firm: Number 1; Number of enterprises receiving grants: Number 1. New innovative production technologies will be located in the existing premises of the production area of SL SLOVAKIA, a. s. Areas are located in the village Slovenská Ľupča, okres Banská Bystrica, Banská Bystrica region.