The World Economic Forum announced on Monday in Geneva that 36 companies had been selected as "Technology Pioneers 2006".
"Almost half (17) of them are US-based companies with 12 located in California. The United Kingdom boasts 8 Technology Pioneers 2006, Germany 3 and Israel 3. Canada, France, Hungary, Iceland and Sweden have one each," the Forum said in a statement.
Technology Pioneers are nominated from the world's leading venture capital and technology companies in three main categories: energy, biotechnology/health and information technology. The final selection from 97 nominees was made by a panel of leading technology experts appointed by the Forum.
In energy, key Technology Pioneers 2006 are CMR Fuel Cells of Britain, Energy Innovations of the US, and EnOcean of Germany.
In biotechnology/health, the leading innovators are Amyris Biotechnology of the US, Ossur of Iceland, and TheraVitae of Israel.
In information technology, the key companies are Fortinet of the US, Holografika of Hungary, and Icera of Britain.
To be selected as a Technology Pioneer, a company must be involved in the development of a life-changing technology innovation which has the potential for a long-term impact on business and society, according to the Forum.
In addition, the company must demonstrate visionary leadership, show the signs of being a long-standing market leader, and its technology must be proven.
"The creative innovations produced by our Technology Pioneers hold the promise of significantly affecting the way business and society operate," said Peter Torreele, managing director of the World Economic Forum.