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2 Indians amid WEF's 2005 Tech Pioneers

A Correspondent | December 06, 2004

Two Indian-American founded companies figure the World Economic Forum's list of 29 companies selected as 2005 Technology Pioneers declared on Monday.

S V Sreenivasan-led Molecular Imprints Inc and Vanu Bose-led Vani Inc secure the pride of place in the prestigious list of companies, whose products range from anti-terrorism software to possible treatments for cancer and Alzheimer's.

The world's leading venture capital and technology companies nominated these tech pioneers.

A panel of leading technology experts appointed by the WEF made the final selection from 114 nominees.

To be selected as a Technology Pioneer, a company must be truly innovative; it must have a potential long-term impact on business and society; it is expected to show the signs of a long-term market leader; its technology must be proven; and it must have visionary leadership.

The 29 Technology Pioneers 2005:


ArrayComm Inc.

Martin Cooper

Chairman and Co-Founder


Arryx Inc.

Lewis Gruber

Founder, Chairman and CEO


Astex Technology Ltd

Harren Jhoti

Founder and CSO


cap-XX Pty Ltd

Anthony Kongats

Founder and CEO


Cornice Inc.

Curt Bruner

Co-Founder and CTO


Fractus SA

Torbjörn Folkebrant



Frontier Silicon Limited

Anthony Sethill

Founder and CEO


Kiyon Inc.

Michael Nova

Founder and CEO


Konarka Technologies Inc.

Howard Berke

Chairman and CEO


Memory Pharmaceuticals Corp

Alex Unterbeck

President and CSO


Molecular Imprints Inc.

S.V. Sreenivasan

Co-Founder and CTO



Scott Rickert

President and Co-Founder


Nexagent Limited

Charles Muirhead

President and Founder



Raul Fernandez

Chairman and CEO



James Balcom

President and CEO


Printar Ltd

Ron Zohar



Quantum Dot Corporation

George Dubar



Raven Biotechnologies Inc.

Jennie Mather

Founder and CEO


Red Swoosh Inc.

Travis Kalanik



Sandbridge Technologies Inc.

John Glossner

Co-Founder and CTO


Sangamo BioSciences Inc.

Edward O. Lanphier II

President and CEO


Sequenom Inc.

Toni Schuh

President and CEO


Smart Fuel Cell AG

Manfred Stefener



Vanu Inc.

Vanu Bose

Founder and CEO


Wave7 Optics Inc.

Tom Tighe



Wisair Ltd

David Yaish

Founder and CEO


Xencor Inc.

Bassil Dahiyat

Founder and CSO


Z-KAT Inc.

Rony Abovitz

CTO and Co-Founder


ZettaCore Inc.

Randolph Levine

Co-Founder and CEO


Molecular Imprints Inc provides enabling lithography systems and technology for manufacturing applications in the areas of: nano devices, micro structures, advanced packaging, bio devices, optical components and semiconductor devices.

The company has pioneered the market for 'Step and Flash' imprint lithography, and has commercialized the first system in 2002. 'Step and Flash' is a low cost alternative to optical and e-beam lithography applications.

MII systems are being used in both academic and industry research labs. Motorola became one of the first to use MII's system in their labs.

Vanu, Inc. evolved out of the SpectrumWare group at MIT to explore the commercial feasibility of building software radios using object oriented computer languages running in application space on general-purpose processors. Since the company's inception in 1998, it has developed significant intellectual property in the form of software and reference architectures that are now being refined for broad commercial application.

It provides system design and engineering consulting services in combination with licensable system architectures and waveform application software. It also develops portable waveform software that runs on POSIX compliant operating systems and general-purpose processors.

Previous Technology Pioneers have included: Autonomy, Cambridge Silicon Radio, Encore Software, Google, Millennium Pharmaceuticals and Napster.

"It is not enough for companies to have developed a great technology these days," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. "Timing is intrinsically important in deciding which technologies are successfully integrated into society. History shows us that successful technologies fulfilled an empty but important niche. These 29 companies are clearly addressing societal needs."

This year's winners reflect a population that is ageing, is weaning itself off a finite supply of fossil fuels and demands that technology increasingly be smaller and more mobile.

Apax Partners, a Strategic Partner of the World Economic Forum and the Technology Pioneer programme, published on Monday the third Technology Pioneers report, The right side of the future.

Dr Peter Englander, Partner at Apax Partners Worldwide LLP, said: "This generation of Technology Pioneers has focused on four major trends which we believe provide great opportunities: global demographic shifts, an impending energy crunch, the switch from fixed to mobile devices and heightened security concerns. It is always difficult to identify how these technologies will ultimately shape our future; but there is greater opportunity for success in addressing these issues."

The Technology Pioneers programme is run by the World Economic Forum with guidance from Apax Partners and Deloitte Touche Tohmatsu.

Konarka Technologies, whose success has also had Indian-American input also figures in the list. Konarka Technologies is a technology company with over forty patents and technology licenses, a world-class team of scientists, and the backing of leading investors. It is an innovator in developing and manufacturing breakthrough products that convert light to energy, providing a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications.

Konarka is focused on the development and commercialization of photovoltaic cells that are lightweight, flexible and more versatile than previous generations of products.

The company's name derives from the Konarka Sun temple in Orissa         and the firm says that it works in memory of late Dr Sukant K. Tripathy, a chemistry professor at the University of Massachusetts, Lowell, and Founder of the Center for Advanced Materials.

The World Economist Forum started the Technology Pioneers programme in 2000, with Deloitte Touche Tohmatsu and Apax Partners as Strategic Partners, with the goal of identifying and integrating companies involved in the development of potential life-changing technology innovation. Once selected, Technology Pioneers are fully integrated into Forum activities, and can meet with scientist, academics, NGOs, and Forum members and partners to discuss and debate the impact of technology innovation on society and business.

Apax Partners is one of the world's leading private equity investment groups, operating across Europe, Israel and the United States.

Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries.

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Number of User Comments: 3

Sub: why boast something that has no INdia

I agree that they were indians. But why are we boasting. I dont see INdia written anywhere. We should feel happy if the companies that ...

Posted by sriram

Sub: They are not Indian?

Hey, In the same table, their country is shown as USA, not India... So, Please mind your news. Amit

Posted by Amit

Sub: Vanu Bose - an Indian?

How is Vanu Bose an Indian? His grandfather left the Indian shores more than half a century ago. Vanu himself was born and brought up ...

Posted by Rajeeb Banerjee


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