The World Economic Forum has introduced its annual list of Technology Pioneers for 2018, and one New Jersey early-stage company is being recognized for its “design, development and deployment of potentially world-changing innovations and technologies.”
Modern Meadow of Nutley, a biotech company that is pioneering biologically advanced materials, is one of 61 companies the World Economic Forum has chosen for this years’ list. It landed in the “Production” category. Other categories include Digital & Entertainment, Cyber Security & Digital Identity, Mobility, Health and more.
Modern Meadow, it said, has produced the world’s fist bio-leather materials, called Zoa, without harming animals. The method of creating Zoa yields a consistent bio-based material that has none of the defects found in traditional hides, resulting in reduced waste for manufacturers, it said.
According to World Economic Forum, a majority (54 percent) of the companies on the list come from outside the United States, and a quarter (25 percent) are woman-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 newly-selected Technology Pioneers will meet at the World Economic Forum’s annual meeting of the New Champions 2018 in Tianjin, People’s Republic of China, in September. Some of them will also participate in the World Economic Forum Annual Meeting 2019 in Davos-Klosters, Switzerland in January 2019.
To read more information about the 61 companies the World Economic Forum chose this year, click here.