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Pioneers include companies working on blockchain for voting, AI for drug discovery, city-scale augmented reality and food-production improvement
· Of the 61 companies awarded the title of Technology Pioneer 2018, a quarter was female-led and a majority came from outside the US
· Learn more about the World Economic Forum Technology Pioneers 2018 here
Geneva, Switzerland, 21 June 2018 – The World Economic Forum announced its annual list of Technology Pioneers today. Of the 61 early-stage companies recognized for their design, development and deployment of potentially world-changing innovations and technologies, a majority (54%) come from outside the United States, including many from emerging markets, and a quarter (25%) is female-led.
“Innovation comes from all corners of the earth and from a very diverse group of entrepreneurs, and with this selection we recognize that,” said Cheryl Martin, Head of the Centre for Innovation and Entrepreneurship and Member of the Managing Board at the World Economic Forum. “The next step is to help these Pioneers bring their solutions to complex world-critical problems to global markets and to take action for the public good.”
The Technology Pioneers 2018 address many societal challenges, a hopeful sign that technology will be a force for good in the Fourth Industrial Revolution. Apeel Sciences (USA), for example, develops plant-derived technologies to reduce food waste; Pymetrics (USA) matches talents to opportunity using neuroscience games and artificial intelligence (AI); and Horizon State (Australia) enables efficient and secure vote casting.
“Technology and start-ups are not just about computer software, consumer apps and social networks,” said Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “Technology Pioneers 2018 are tackling complex challenges such as environmental sustainability, efficient energy use and access to healthcare.”
Technology Pioneers come from all over the world. Among the nations to host Pioneers are Bangladesh, Brazil, China, India, Indonesia, Kenya and Morocco, as well as Australia, Canada, France, Germany, Israel, New Zealand, Sweden, Switzerland, the United Kingdom and the US. The Pioneers include:
· Bangladesh-based ME SOLshare democratizes energy by developing peer-to-peer microgrids
· Kenyan-based CarePay is developing an inclusive platform for health financing and delivery in Africa
· Brazilian- based Agrosmart makes agronomic models based on genetics, soil type and microclimate data
Examples from well-known innovation hubs include Precognize (Israel), which is developing predictive maintenance software for the process industry, and BenevolentAI (UK) which is developing and applying AI for scientific innovation.
The leadership of the 2018 Technology Pioneers is gender diverse, with 25% of the companies (co-)founded by women. Examples include: Viola Llewellyn, Co-Founder and President of Ovamba Solutions, who built a $500 million life insurance investment fund before co-founding Ovamba; Diana Paredes, Chief Executive Officer and Co-Founder of Suade Labs, who had a successful career in investment banking before applying her expertise to financial regulation as a service; and Elizabeth Rossiello, Chief Executive Officer and founder of BitPesa, who is an advocate for blockchain technology in emerging markets and financial innovation across frontier markets.
The newly selected Technology Pioneers will meet at the World Economic Forum Annual Meeting of the New Champions 2018 in Tianjin, People’s Republic of China, on 18-20 September. Some of them will also participate in the World Economic Forum Annual Meeting 2019 in Davos-Klosters, Switzerland, on 22-25 January. As leaders of innovation, they will be supported by the Forum’s new Centre of Innovation and Entrepreneurship, and contribute to fostering the innovation ecosystem and delivering critical mass to solve global challenges.
About the Technology Pioneers
The World Economic Forum believes that innovation is critical to the future well-being of society and to driving economic growth. Launched in 2000, the Technology Pioneer community is composed of early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to make a significant impact on business and society.
The Forum recognizes a limited number of companies each year as Technology Pioneers and incorporates them into its initiatives, activities and events, where they bring cutting-edge insights and novel perspectives to world-critical discussions. Companies selected in the past include: Airbnb, Bloom Energy, bluebird bio, Cyberdyne, Editas Medicine, Foundation Medicine, Google, Kaggle, Kickstarter, Mozilla, Palantir Technologies, Proteus Digital Health, Rethink Robotics, Scribd, Spotify, Twitter and Wikimedia.
About the Centre for Innovation and Entrepreneurship
The Centre for Innovation and Entrepreneurship leverages the World Economic Forum’s platform to enable new generations of businesses to achieve scale and social impact in the Fourth Industrial Revolution. It builds on the work of the Forum by providing an ecosystem for businesses to put the principles and values identified as crucial in the Fourth Industrial Revolution into practice. The Centre for Innovation and Entrepreneurship will launch at the Annual Meeting of New Champions in Tianjin, People’s Republic of China, 18-20 September.
Learn more about the World Economic Forum Technology Pioneers 2018 here
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All opinions expressed are those of the author. The World Economic Forum Blog is an independent and neutral platform dedicated to generating debate around the key topics that shape global, regional and industry agendas.