The selection committee evaluates all candidates against the community’s selection criteria to make a recommendation to the World Economic Forum.
It represents an external group of technology and innovation experts, academics, venture capitalists and entrepreneurs who evaluate all candidates against the community’s criteria before making its recommendation to the World Economic Forum. Selection committee members are selected based on their extensive experience in, and knowledge of, various technology sectors.
Potential Technology Pioneers are evaluated by the Selection Committee against the following criteria:
1. Innovation: The company must be truly innovative in the development of a new technology or the novel application of existing technology. The innovation or commercialization should be recent.
2. Potential impact: The company must have the potential to make a substantial long-term impact on business and society.
3. Working prototype: The company must have a working prototype or a product on the market for digital and product companies, or be in stage two or beyond for applicable life science companies.
4. Viability: The company should have well-formulated plans for development and goals.
5. Leadership: The company must have visionary leadership, with the capabilities to drive the company towards success.
6. Revenue: We select pre-revenue companies and companies whose revenues are below $500 million.
7. Independent company: The company must not be a subsidiary or a joint venture. The company must also not be a Member of the World Economic Forum.