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TheĀ World Economic ForumĀ has unveiled a major initiative at the Annual Meeting 2022 in Davos to harness the power of the metaverse to grow and diversify participation in advancing the global public interest.Ā  The Global Collaboration Village will leverage new technology to shape innovative solutions for critical global challenges.

TheĀ World Economic Forum is embarking on the ambitious new journey to harness the potential of the metaverse as a platform for collaborative, inclusive and effective international action.

The Forum, in collaboration with Accenture and Microsoft, is building the Global Collaboration Village as the virtual future of public-private cooperation. It will provide immersive spaces where stakeholders can convene, create and take action on the worldā€™s most pressing challenges.

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ā€œSince our founding in 1971, the Forum has served as a platform where business, government, civil society and other stakeholders can come together to address critical global issues,ā€ said Klaus Schwab, the Forumā€™s Founder and Executive Chairman.

Adding: ā€œThe metaverse will influence the way, people, governments, companies and society at large think, work, interact and communicate for the purpose of collectively addressing issues on the global agenda. The Global Collaboration Village will be an extension of the World Economic Forumā€™s public private platforms and in-person meetings and will provide a more open, more sustained and more comprehensive process for coming together.ā€

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Julie Sweet, Chair and CEO of Accenture, said: ā€œWhile the metaverse is only in its early days, it already holds great promise, not only for redefining how organizations work and interact but also for fostering effective public-private partnerships.

ā€œWe are pleased to collaborate with the World Economic Forum and Microsoft in creating the Global Collaboration Village and pioneering a trusted metaverse space. This will complement the Forumā€™s real-world collaborations and invite a range of diverse stakeholders to come together to address the worldā€™s most critical challenges and innovate a more sustainable future for all.ā€

The Global Collaboration Village will bring together key global stakeholders ā€“ international organizations, governments, partner companies and civil society organizations ā€“ to imagine alternative futures, explore ideas in an immersive way and envision what the future world could be. The Forum aims to be a pioneer within this new space and bring together others to co-create within it.

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Key aims of the Global Collaboration Village

  • Global cooperationā€“ To create a new virtual space where global interaction can be enhanced and cooperative solutions found
  • Interactivityā€“ To provide immersive experiences to foster a better understanding of key global challenges
  • Inclusivityā€“ To offer a collaborative public space where broad participation in discussions about pressing global issues is both encouraged and enabled
  • ImpactĀ ā€“ The platform and all of its goals are geared towards catalysing more effective individual and collective action following the Forumā€™s mission statement and commitment to improving the state of the world

About the Annual Meeting 2022
For over 50 years, the World Economic Forum has been the international organization for public-private cooperation. The Annual Meeting is the focal point for leaders to accelerate the partnerships needed to tackle global challenges and shape a more sustainable and inclusive future. Convening under the theme,Ā History at a Turning Point: Government Policies and Business Strategies, the Annual Meeting 2022 and its 450 sessions bring together global leaders from business, government and civil society.

Learn more about the programme and view sessionsĀ live and on-demand.

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