NUTLEY, NJ - The World Economic Forum announced Nutley based Modern Meadow as one of the world's 61 most promising Technology Pioneers for 2018. Hundreds of companies were considered before the final list of 61 was announced.  Modern Meadow is a biofabrication company using collagen to create bioleather materials.

The World Economic Forum’s Technology Pioneers community are early-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. The companies that were selected show their potential to “transform society and industry” and “shape the Fourth Industrial Revolution,” Fulvia Montresor of the World Economic Forum said.

“We welcome Modern Meadow in this diverse group of technology pioneers,” says Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “Modern Meadow and its fellow pioneers are front and center in shaping the ongoing Fourth Industrial Revolution and we believe they will be transforming society and industry in a positive way in the years to come.”

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Later this summer, CEO Andras Forgacs will be participating in the World Economic Forum Annual Meeting of the New Champions. Dubbed “Summer Davos.” the meeting will be held in Tianjin, China, September 18 to 20. Many Pioneers will also attend the Annual Meeting in Davos, in January 2019, and continue to contribute to Forum initiatives in the course of the next two years. The full list of recognized Technology Pioneers can be viewed here.

“Being acknowledged by the WEF as a pioneer is a confirmation that our technology is at the forefront of innovation that will transform the future of materials production,” said Forgacs. “Our biofabricated materials brand, Zoa™, is just the start of a new material era, the age of biofabrication, where we will no longer have to compromise between quality and sustainability in our products.”

The Technology Pioneers were chosen by a selection committee of more than 60 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, and Twitter. .

This year’s cohort is the most diverse ever, both geographically and in terms of gender. 25% are female-led, and a majority (52%) come from regions outside the United States and Silicon Valley, with each continent represented. There is also a wide variety in the technologies the pioneers focus on: the focus technologies include artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics. The full list of technology pioneers can be found here.

Modern Meadow is a part of the On3 campus situated between Route 3 in Clifton and Kingsland St. in Nutley on what was at one time a Roche campus. The flagship tenant of the redevelopment project is Hackensack Meridian Medical School at Seton Hall.