Lola institute was a part of the ILR factory which produced machine tools, robots, process equipment, metallurgy and other equipment. Institute was founded in 1963 and it took a part in development of these machines and that equipment. Institute is today independent and turned towards the market. Main fields of activities of the institute are machine tools, robotics, control systems, equipment for pilot training and flight simulation, equipment for recycling of the communal waste and equipment for small hydro power plants.