Avanci Awarded as Technology Pioneer by World Economic Forum

Avanci, a leader in enabling the sharing of technologies used by connected devices, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. The Avanci one-stop marketplace licenses intellectual property from many different patent holders in a single transaction, enabling product creators to bring connected devices to market faster.

The World Economic Forum’s Technology Pioneers are early to growth-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. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.

Following its selection as Technology Pioneer, Kasim Alfalahi, founder and CEO of Avanci will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Avanci will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.

Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum, says: “We’re excited to welcome Avanci to our 20th cohort of Technology Pioneers. Avanci and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world.”

Kasim Alfalahi, founder and CEO of Avanci, says: “We’re proud to be recognized as a technology pioneer by the World Economic Forum. Our vision is that sharing technology on a global scale for the Internet of Things should be simpler. We enable companies using the technologies to become licensed easily and at a fair price, accelerating IoT innovation for all. We look forward to contributing to the Forum dialogues on IoT.”

This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

2020 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The diversity of these companies extends to their leadership as well, as over 25% of 2020 Tech Pioneers are female led. The firms also come from regions all around the world, extending their community far beyond Silicon Valley.

Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.

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