Waterloo startup named one to watch by World Economic Forum

The World Economic Forum logo is pictured through a window on the eve of the opening of the Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Tuesday, Jan. 19, 2016. (Jean-Christophe Bott/Keystone via AP)

A local startup focused on helping develop intelligent robots has received a global honour.

Applied Brain Research, which is based in Waterloo, has been named a 2018 Technology Pioneer by the World Economic Forum.

The company‘s work is focused on creating computer chips and other components for artificial intelligence-power robots, including vision and reaching/grasping systems.

Of the 61 companies named 2018 Technology Pioneers, Applied Brain Research is the only Canadian innovation on the list. Companies were selected based on their potential ability to “transform society and industry.”