TIPA®, an Israeli company that produces compostable packaging, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. TIPA® was founded in 2010 by Daphna Nissenbaum and Tal Neuman to address the plastic waste challenge.
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.
This year’s Tech Pioneers are emerging innovators from a diverse set of industries. These firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The focus areas of this year’s Tech Pioneers include: agtech, smart cities, cleantech, supply chain, manufacturing, cybersecurity, autonomous vehicles and drones. The diversity of these companies extends to their leadership as well, as 25% of 2019 Tech Pioneers are female led. The firms also come from many different regions beyond the United States and Silicon Valley. In fact, this year’s class of 56 firms represent every continent except Antarctica. The full list of technology pioneers can be found here.
Following its selection as Technology Pioneer, CEO and Co-Founder Daphna Nissenbaum will be participating in the World Economic Forum Annual Meeting of the New Champions. This meeting, also dubbed “Summer Davos” will be held in Dalian, China, July 1-3. Many Pioneers will also attend the Annual Meeting in Davos, in January 2020, and continue to contribute to Forum initiatives over the next two years.
“We’re excited to welcome TIPA® to this year’s innovative class of technology pioneers,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. TIPA® and its fellow pioneers are leaders in using novel technologies to transform their industries. We see great potential for these next generation companies to shape solutions to global challenges and improve society for years to come.”
TIPA® is honored to be acknowledged as a leader in the cleantech industry by the World Economic Forum, said Daphna Nissenbaum. Our ground-breaking technology offers the opportunity to address the non-recyclable flexible plastic waste severe problem by replacing polluting, conventional flexible plastic with fully compostable packaging that returns to nature as a resource, providing a truly circular economy solution.
The Technology Pioneers were selected by a selection committee of more than 59 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership.
Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.
All info on this year’s Technology Pioneers can be found here: http://wef.ch/techpioneers19
- The packaging requires no change to existing manufacturing infrastructure, nor change to the existing shape of packages
- The company has raised $25 million in funding
- TIPA complies with EU 13432 and ASTM D6400 standards, and is certified for both home and industrial composting through the OK compost mark by the Vincotte Institute
- In addition, its patented compostable packaging fulfils all the functional roles of plastic durability, flexibility, sealing strength, barrier and transparency