CNBC is now accepting nominations for its annual Disruptor 50 list — a list of the most progressive venture-backed businesses that integrate technological advancement to meet current economic and consumer requirements. Those interested in submitting an application have until Friday, Feb. 16 at 11:59 pm EST to do so. Independent, privately-owned companies established after Jan. 1, 2009, are suitable, and those authorized to access and submit an application include founders or executives of a company, an investor in the company, or any of their communications representatives.In spite of the difficult climate that these Disruptor 50 companies are facing in anticipation of 2024 — with high interest rates limiting the availability of venture capital, many venture-backed startups having difficulty with their IPOs, and a nine-year low in U.S. venture capital fundraising --the outlook for new business formation is optimistic. Business formation is on track to set a new record in 2023, contender to the mark set in 2021 due to a spike in company starts following the Covid-19 pandemic. The AI and biotech industries, specifically, have been exhibiting an upsurge in investment activity despite theocalypse-tightened VC environment.Those selected to be awarded the 2024 Disruptor 50 list honours will be chosen through an intensive and specific process that includes assessing submitted data in respects to scalability, revenue and user growth, adoption of novel technology, and staff diversity. An advisory board comprised of top experts in entrepreneurship and innovation will examine the quantitative criteria, while a staff of CNBC editorial staff members will evaluate the qualitative elements of every single nominee's submission.In April, acknowledged companies will be notified, and the lineup will be shared in May via CNBC's television and digital channels. To gain insides on past list-making businesses and the entrepreneurs innovating the industry, readers can subscribe to CNBC's original weekly newsletter.
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