Selection Criteria

Technology Pioneer candidates are evaluated on the following 5 criteria:

• Innovation: The company must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation and commercialisation should be recent. The company should invest significantly in R&D.
  
• Potential impact: The company must have the potential to have a substantial long-term impact on business and society in the future.
  
• Growth and sustainability: The company should demonstrate the potential to be a long-term market leader and should have well-formulated plans for future development and growth.
  
• Proof of concept: The company must have a product on the market or have proven practical applications of the technology. Companies in "stealth" mode and companies with untested ideas or models will not qualify.
  
• Leadership: The company must have visionary leadership that plays a critical role in driving the company towards reaching its goals.

Additionally, the company must not currently be a member of the World Economic Forum. This criterion applies to the parent company, thus wholly-owned subsidiaries of large firms are not eligible.