Innovation: Automated Parking Garage by Paul Stolzer

A mechanized garage parks and retrieves cars in minutes

Innovator: Paul Stolzer
Age: 87 
Title: Founder and owner of Stopa Anlagenbau, a German maker of automated systems and machines

Form and function
A fully mechanized garage that parks and retrieves cars in minutes, using pallets that move vertically and horizontally through a grid to cut the space needed roughly in half.

Before it's here, it's on the Bloomberg Terminal.