Top 10 Most Innovative Startups

Over the past decade the term startup has been a buzz-word with increasing frequency. The official definition of a startup is as following: Early stage in the life cycle of an enterprise where the entrepreneur moves from the idea stage to securing financing, laying down the basis structure of the business, and initiating operations or trading.*

Global Innovation Management Institute (GIMI) list of Top 10 Most Innovative Startups is based on five main criteria: (1) innovative business model, (2) responsive to future trends, (3) has a disruptive solution to the problem, (4) attracts over $1 million of investments in first year, and (5) has established international/global presence.

Scroll down to find out what are the Top 10 Most Innovative Startups.

 

  • Canva

  • Desktop Metal

    Desktop Metal is pioneering the advancement of technology in the metal 3D printing. Its mission is to bring metal 3D printing to all design and manufacturing teams and make 3D metal printing available even to small and medium-sized companies, which couldn’t afford it before. It speeds up prototyping and innovation across all industries. Metal 3D printers allow businesses to construct and test components for new medical devices, robots and vehicles. Desktop Metal has raised  $97 million in equity funding since its founding in 2015.

  • D-Orbit

  • Laurel & Wolf

  • Pearl

    Pearl makes cars smart. It believes the latest automotive technology should be available to every driver – whether it is an old or new car. The first product of Pearl is a license plate frame that connects to user’s phone, giving a back-up camera if the car doesn’t come with one. Pearl was launched in 2016 and raised $50 million in funding.

  • Rappi

    Rappi, a one-year-old startup based in Colombia, that aims to deliver ‘everything ‘ under on-demand delivery principle. Rappi has already completed more than one million deliveries in Colombia and Mexico, and its reach extends beyond. The Latin American market is well suited for on-demand delivery services, since there growing middle class enjoys the idea of their food and groceries being delivered to them via motorcycles and bicycles. Rappi plans to expand to the other Latin America countries over the next year.

  • Slack

  • Snapchat

  • TransferWise

  • WeLab

The list of the Top 10 Most Innovative Startups

 

*Definition from Business Dictionary online: http://www.businessdictionary.com/definition/startup.html