WALTHAM, Mass., June 16, 2020 /PRNewswire-PRWeb/ -- Takeoff Technologies, the Massachusetts-based company that is transforming grocery with their automated micro-fulfillment solution, was selected among hundreds of candidates as one of the World Economic Forum's "Technology Pioneers" for its contributions in the field of grocery retailing. Takeoff Technologies was co-founded in 2016 by Jose V. Aguerrevere and Max Pedro. Takeoff offers a technology solution that supports online grocery using Micro-Fulfillment Centers: miniature, automated warehouses in which robots fill grocery orders.
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. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.
Following its selection as Technology Pioneer, Jose V. Aguerrevere, CEO of Takeoff, will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Takeoff will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.
"We're excited to welcome Takeoff to our 20th cohort of Technology Pioneers," says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. "Takeoff and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world."
"It is an honor to be recognized by the World Economic Forum as a Technology Pioneer", said Takeoff's Jose V. Aguerrevere. "They recognize the potential of our technology to transform grocery, an industry that has not changed in 100 years. Our new robotic application called "micro-fulfillment" can fill orders ten times faster, in a fraction of the space of a brick and mortar store. This has the potential to lower the cost of groceries, and unlock broader access to food."
This year's cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.
- 2020 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The diversity of these companies extends to their leadership as well, as over 25% of 2020 Tech Pioneers are female led. The firms also come from regions all around the world, extending their community far beyond Silicon Valley.
- Additionally, many Technology Pioneers are also using their tech to support COVID-19 responses around the world. The full list of Technology Pioneers can be found here.
Technology Pioneers have been selected based on the community's selection criteria, which includes innovation, impact and leadership as well as the company's relevance with the World Economic Forum's Platforms.
All info on this year's Technology Pioneers can be found here: http://wef.ch/techpioneers20.
More information on past winners, information on the community and the application link can be found here.
About Takeoff Technologies:
Takeoff offers an eGrocery solution that empowers to thrive online using a new robotic application called "micro-fulfillment". Micro-fulfillment turns traditional grocery retailing on its head, by using robotics downstream at a "hyperlocal level" as opposed to the traditional upstream application in the supply chain. This one change has the power to disrupt a 100-year-old traditional industry. Retailers can increase the productivity of their operations up to 10x, which, in turn, will result in positive and enticing returns in the online grocery business, which until now, has been unheard of. This technology unlocks broader access to food and a better customer proposition to consumers at large: speed, product availability, and cost. To learn more, visit http://www.takeoff.com.
About World Economic Forum:
The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (http://www.weforum.org).
About the Global Innovators:
The Global Innovators Community is a group of the world's most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency.
Companies who are invited to become Global Innovators will engage with one or more of the Forum's Platforms, as relevant, to help define the global agenda.
SOURCE Takeoff Technologies
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