International Organization World Economic Forum (WEF) has today announced its selection of the world’s 61 most promising Technology Pioneers 2018, which consists 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 have a significant impact on business and society.
Among its 61 selected organizations, two are India-based startups — Delhi-based SocialCops and Ahmedabad-based My Crop Technologies. While SocialCop is a Data Intelligence startup, My Crop Technologies is a machine learning-based collaborative platform to support farmers.
With this selection, both the startups have now join an elite community of companies from around the world that are poised to have a significant impact on business and society. Past winners include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, Twitter and Wikimedia.
New Delhi-based SocialCops was founded in 2013 by Prukalpa Sankar and Varun Banka to enable leaders to use data intelligence to confront critical global challenges. Since then, their technology platform has been used in scenarios as diverse as driving rapid village development, tracking national welfare schemes, and optimizing marketing campaign locations. Their work spans different sectors with partners such as the United Nations, Government of India and Unilever.
In 2017 alone, SocialCops data intelligence platform processed 11 billion data points and touched the lives of 1 of 25 people in India through their projects and partners. The startup was also the part of Google Launchpad Accelerator 2017 batch.
My Crop Technologies was founded in 2016 by Deepak Pareek. It is s a technology enabled platform that uses Artificial Intelligence to empower farmers by delivering them insights, expertise and resources at their doorsteps to increase their Productivity & Profitability hence improving their standard of living.
Using machine learning for real-time farmer decision support and recommendations across the crop life cycle, My Crop Technologies helps farmers reduce the costs of cultivation by using good agricultural practices and information customized for each farmer. The platform also brings different stakeholders in the agriculture ecosystem together to further enhance the industry.
The World Economic Forum’s Technology Pioneers community are early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations. “We welcome SocialCops in this diverse group of technology pioneers,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “SocialCops and its fellow pioneers are front and centre in shaping the ongoing Fourth Industrial Revolution and we believe they will be transforming society and industry in a positive way in the years to come.”
Following its selection as Technology Pioneer, Prukalpa Sankar, co-founder of SocialCops, will be participating in the World Economic Forum Annual Meeting of the New Champions. This meeting, also dubbed “Summer Davos”, will be held in Tianjin, China, from September 18-20. Many Pioneers will also attend the Annual Meeting in Davos, in January 2019, and continue to contribute to Forum initiatives in the course of the next two years.
“We are honoured to be acknowledged as a Pioneer by the World Economic Forum and join a cohort of global game changers like Palantir & Airbnb”, said SocialCops Co-Founder, Prukalpa Sankar. “When we founded SocialCops, we wanted to democratize data and make it possible for millions of organizations in the world to derive the kind of value from data that only financial institutions and Silicon Valley giants are capable of deriving today. Organizations at different stages of their data journey can use our platform to drive decisions both big and small. We want to use this award as an opportunity to keep engaging with global stakeholders in government and society, as well as in business, to help adopt data-driven systems and increase their impact.”
The Technology Pioneers were selected by a selection committee of more than 60 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership.
This year’s cohort is the most diverse ever, both geographically and in terms of gender. 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.
There is also a wide variety in the technologies the pioneers focus on — the focus technologies include artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics. The full list of Technology Pioneers can be found here.
Reference – WEFforum.org