Two mc² Portfolio Clients Win World Economic Forum's Technology Pioneer Award

Digitized Farms & Electric Garbage Trucks Honored for Advancing Innovation

SAN FRANCISCO, July 7, 2016 -- Last week the World Economic Forum (WEF) announced its selection of the world's 30 most promising Technology Pioneers at the 2016 Annual Meeting of the New Champions in Tianjin, People's Republic of China. Companies were selected for their potential to significantly impact business and society through new technologies and advance the Fourth Industrial Revolution. mc² is pleased to announce that two of the 30 global recipients, Farmers Edge and Wrightspeed, are mc² portfolio clients.

Digitizing the farm to feed the 9 billion
Within the next few decades, agriculture and our ability to feed the world's future nine billion will likely eclipse all other global concerns. Operating in five countries with more than 7 million acres under management, Farmers Edge is a global leader in precision agriculture and independent data management solutions. Farmers Edge was also recently named Canada's Disruptor Innovator of the Year by PricewaterhouseCoopers (PwC) for its efforts to ensure that growers around the world have an alternative to agriculture giants like Monsanto.

The little range-extended powertrain that could
As Wrightspeed co-founder and CEO Ian Wright likes to say, electric cars are a step in the right direction, but the energy and fuel savings are minimal compared to what can be achieved by tackling the worst emission emitters on our streets today – commercial fleets. A drop-in replacement for today's conventional piston engine and transmission systems, Wrightspeed's the Route™ is a range-extended electric vehicle powertrain that provides dramatic fuel cost reductions for today's refuse, delivery and mass transit markets. An Edison Award winner and recent TEDx speaker on "How Jet-Powered Garbage Trucks Can Save the World," Ian Wright's recent piece for WEF "The Question We Really Should be Asking About Electric Cars" is a compelling take on EVs and economics.

The Technology Pioneers were selected from among hundreds of applicants. A selection committee of 68 academics, entrepreneurs, venture capitalists and corporate executives based its decisions on criteria including innovation, potential impact, working prototype, viability and leadership. Past recipients and mc² portfolio clients include Proterra (2014) and Blue Oak Resources (2015). More on this year's Technology Pioneers can be found here:

"Since our inception just three years ago, one third of our portfolio clients have been selected by the World Economic Forum for their sustainable contributions to the world," said mc² CEO, Caroline Venza. "At a time when we're radically reinventing business models, materials, global supply chains and resources, this acknowledgment by WEF fuels our determination to shine the light on meaningful innovators."