Consumer Physics, Creators of the SCiO Pocket Molecular Sensor, Awarded as Technology Pioneer by World Economic Forum

• World Economic Forum today announced its selection of the world’s 49 most promising Technology Pioneers 2015
• Consumer Physics, one of two Israeli based selections, has created the world’s first molecular sensor that fits in the palm of your hand
• US and UK-based companies make up 80% of awardees
• The full list of recognized Technology Pioneers can be viewed here

Geneva – August 5 2015 – Consumer Physics, the Israel-based startup behind the SCiO pocket molecular sensor, was awarded today as one of the World Economic Forum’s “technology pioneers”. The company joins 48 of the world’s most innovative companies for their work in creating the world’s first molecular sensor that fits in the palm of your hand. SCiO provides endless opportunities to explore the molecular makeup of the world around us, including cosmetics, clothes, flora, soil, jewels, leather, rubber, plastics, and even human tissue or bodily fluids.

“We are proud to see one of our portfolio companies named to the World Economic Forum’s Technology Pioneers,” said Vinod Khosla of Khosla Ventures and an early investor in the company. “We expect SCiO and future Consumer Physics products to have significant impact on industries such as food, pharma, and healthcare – touching the lives of consumers across the globe.”

Consumer Physics was chosen by a professional jury among hundreds of candidates as one of the 49 selected companies. 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, this September, or the Annual Meeting in Davos in January.

“We’re glad to see an Israeli company make it to the selection,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “Consumer Physics is part of a group of entrepreneurs who are more aware of the crucial challenges of the world around them, and who are determined to do their part to solve those challenges with their company.”

As in previous years, American-based entrepreneurs continue to dominate the list of technology pioneers: they account for more than two-thirds of the recipients, followed by the United Kingdom (4), Israel and the Netherlands (2), and individual recipients of Canada, Germany, Ireland, Italy, Sweden and Taiwan, China. France and Spain were among the countries not counting a recipient.

The Technology Pioneers were selected from among hundreds of applicants by a selection committee of 68 academics, entrepreneurs, venture capitalists and corporate executives. Notable members of the committee include Arianna Huffington (founder, Huffington Post) and Henry Blodget (editor-in-chief, Business Insider). The committee based its decisions on criteria including innovation, potential impact, working prototype, viability and leadership.

Past recipients include Google (2001), Wikimedia (2007), Mozilla (2007), Kickstarter (2011) and Dropbox (2011). More information on past winners can be found here.

For more information regarding this press release, please contact Peter Vanham, Media Lead, Technology Pioneers, at peter.vanham@weforum.org, or +41 79 620 91 29.

About Consumer Physics

Consumer Physics’ mission is to empower people with a better understanding of our physical world. SCiO and its SDK platform is Consumer Physics’ first product. Founded in 2011, it is backed by Khosla Ventures, a leading Silicon Valley venture capital firm, OurCrowd, the leading equity crowdfunding platform, as well as strategic partners and leading angel investors. Visit the company at http://www.consumerphysics.com/mySCiO.  

Media Contact

Andrew Karl

TriplePoint PR, for Consumer Physics

415.955.8500

consumerphysics@triplepointpr.com

The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.

Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations (www.weforum.org).

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