LOLA INSTITUT doo is a research and development institute 100% owned by the Republic of Serbia accredited by the Ministry of Education, Science and Technological Development.

The Institute was founded in 1985, with the integration of the Institute for Machine Tools and Tools (IAMA) and the Institute for New Technologies of the Ivo Lola Ribar Factory (ILR), which produced machine tools, robots, process, metallurgical and other equipment.

Today, it is an independent research and development institute, and its main activities are machine tools, robotics, control systems, pilot training equipment and flight simulation, municipal waste recycling equipment and equipment for small hydropower plants.