The committee based its decisions on criteria including innovation, potential impact, working prototype, viability and leadership.
CoeLux® has been selected despite a relatively poor economic environment for start-ups in Italy and Europe. Furthermore, Italy came 127th in the latest Forum ranking for venture-capital availability, behind all other major European countries.
The committee based its decisions on criteria including innovation, potential impact, working prototype, viability and leadership. Thanks to its selection, it will have access to the most influential and sought-after business and political network in the world, and be invited to the World Economic Forum’s “Summer Davos” in Dalian, China, from 8 to 11 September.
CoeLux® has been selected despite a relatively poor economic environment for start-ups in Italy and Europe. Furthermore, Italy came 127th in the latest Forum ranking for venture-capital availability, behind all other major European countries.
This environment makes it harder for European technology companies to catch up with their American peers, says Michael Drexler, Head of Investors Industries at the World Economic Forum. “Venture capital plays a crucial role in creating and developing young, innovative companies. The European countries that lack this funding mechanism will find it more difficult to create the jobs needed for a sustainable economic growth trajectory.”
Past recipients include Google (2001), Wikimedia (2007), Mozilla (2007), Kickstarter (2011) and Dropbox (2011).
More information on winners can be found here:
http://www.weforum.org/community/technology-pioneers
