The list was a final selection made from over 300 nominations submitted by entrepreneurs and other stakeholders. Other named organizations in the Phoenix 50 List come from both the business and non for profit sector. They include Ashoka, Google.org, Participant Media, Grameen Group and the World Business Council for Sustainable Development.
The organizations on the Phoenix 50 List are considered pioneers in social innovation as they make significant contributions towards building a more equitable and sustainable global economy.