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Selection Process

The Technology Pioneers selection process ensures the excellence and objectivity of the programme.

1. Nominations – November 2009 to 29 March 2010
Candidate companies are nominated by Members, Partners and constituents of the Word Economic Forum as well as the larger public.

2. First round of assessments – November 2009 to 12 April 2010
All nominations received are screened by the Technology Pioneers team and in-house industry experts for their adherence to the five Technology Pioneers selection criteria. Sucessful candidates are then sent a link to an online application form.

3. Application process – January 2010 to 12 April 2010
Candidates complete and submit the Web-based application form.

4. Selection committee evaluations – 21  April 2010 to 28 June 2010
The Technology Pioneers Selection Committee reviews and scores the candidates based on Technology Pioneers selection criteria. Each candidate is reviewed by selection committee members with expertise in the candidate’s activity field.

5. Final approval – 12 July 2010
The Managing Board of the World Economic Forum reviews and approves the final list of Technology Pioneers.

6. Successful candidates notified – 13 July 2010

7. Official press release during the Annual Meeting of the New Champions – 16 September  2010

    
 
 Selection 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 commercialization should be recent. The company should invest significantly in R&D.

Potential impact
The company must possess the potential to have a substantial long-term impact on business and/or 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 with untested ideas or models do 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




    
 
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