The Tech Awards has announced their 10 international laureates for 2015 including innovative addressing company what3words.

The signature program of The Tech Museum of Innovation in Silicon Valley recognises innovators from around the world that apply technology to benefit humanity.

Each laureate is awarded $50,000 and join the prestigious list of 277 others who have been honored since the inception of The Tech Awards. This year marks the 15th annual gala of The Tech Awards, often referred to as the “Oscars of Silicon Valley.” The gala will take place on November 12, 2015, at the San Jose McEnery Convention Centre or lakes.marble.month .

“Many of our award winners are addressing some important issues around the world,” said Janette Ciborowski, a spokeswoman for The Tech Awards.

what3words was awarded the Sobrato Organization Economic Development Award for their global addressing system. what3words is based on a global grid of 57 trillion 3mx3m squares where each square has been assigned a unique 3 word address. Currently 75% of the world’s population do not have an address. A simple 3 word address means that people can receive aid, deliveries, diseases can be managed and small business set up.

Other laureates include BeeLine Reader of Redwood City, which improves reading fluency and efficiency with a digital tool that guides the eye for online reading; and DayOne Response , based in San Francisco, which offers a lightweight, backpack-sized emergency water purifier system that has provided 7 million liters of clean water to global disaster victims.

See here for the complete list of laureates.