INNOFEIT positions itself at the forefront of academic technology transfer to existing and new innovative companies in the broad areas of ICT and renewable energy and energy efficiency. It is owned by the Faculty of Electrical Engineering and Information Technologies (FEEIT), Ss. Cyril and Methodius University in Skopje, which is by all merits the best engineering faculty in N. Macedonia with the highest level of research orientation being part in numerous international and national research and application projects. The faculty staff is worldwide renowned in the engineering society through their highly cited publications, patents and awards. This allows INNOFEIT to leverage on the excellent academic record of FEEIT’s staff in order to stimulate R&D&I and boost cooperation with industrial partners. INNOFEIT's strength is in the multidisciplinary expertise of its people as well as their agility to fast-track proof-of-concepts and prototypes for novel and exciting problems. Additionally, being recognized as the only fully operational Digital Innovation Hub (DIH) in N. Macedonia further enhances INNOFEIT's pioneering position in the local innovation ecosystem. INNOFEIT DIH possesses state-of-the-art AIoT laboratory open for experimentation to all interested stakeholders.