UAE’s Rebound selected for WEF Technology Pioneers’ Community
The World Economic Forum has welcomes 100 innovative tech firms to its Technology Pioneers community including UAE’s Rebound. Comprising early-stage innovative tech start-ups, the 2023 cohort is forging new paths in healthcare, renewable energy and more through cutting-edge technologies.
In addition to the UAE company, this year’s Technology Pioneer cohort includes start-ups from 31 economies, with a third led by a woman chief executive. The US has the highest representation, with 29 companies, followed by China with 12.
“The 2023 cohort of Technology Pioneers is already bringing great changes to industries around the world,” said Verena Kuhn, Head of Innovator Communities, World Economic Forum. “Selectees are at the forefront of innovation and disruption needed to help us solve the world’s most pressing issues. We look forward to their contribution to the Forum's content work that brings together the public and private sector to tackle these global issues."
This year’s incoming cohort includes companies with a broad range of innovations. For example, in a global fragmented market of recycled plastics that estimates indicate will reach $46 billion, UAE-based Rebound tackles trust and transparency to ensure verified business-to-business trade. It has technical and regulatory expertise in recycled/recyclable plastics. Through the trading of valuable, non-hazardous plastic feedstock, Rebound ensures a positive environmental and economic impact.
Other inclusions to the cohort are:
Sustainability: ClimateAI, based in the US, applies artificial intelligence to climate risk modelling and its platform provides short- and long-term insights into weather and climate impact. Based in Switzerland, Transmutex aims to develop a non-self-sustaining chain reaction nuclear energy system able to produce carbon-free energy with the highest safety profile. Meanwhile, Huue, in the US, is using biotechnology to create sustainable dyes to reduce the use of chemicals in fashion supply chains.
Healthcare: M20 Genomics, based in China, is developing single-cell sequencing technology to effectively diagnose diseases and provide relevant treatment. Dot, in the Republic of Korea, is a pioneer in smart technology for the vision-impaired and the deaf-blind, helping them to lead more independent lives.
Advanced Manufacturing: Boston Materials, based in the US, develops advanced materials that are lightweight, corrosion-resistant and have energy-diffusion capabilities. Monolith, based in the UK, empowers engineering domain experts in various industries to reduce expensive, time-intensive testing and cut product development time.
Following their selection as Technology Pioneers, this year’s companies will join a group of alumni that include many household names, such as Airbnb, Google, Kickstarter, Mozilla, Spotify, TransferWise, Twitter and Wikimedia. The 2023 cohort will be invited to join Forum events and discussions throughout the year, bringing together leading stakeholders from the public and private sector.