NEW YORK, Oct. 28, 2011 /PRNewswire/ -- The World Technology Network ("The WTN," www.wtn.net) announced today that Steve Teig has been awarded the prestigious IT hardware innovation award and was officially inducted as a WTN fellow. The World Technology Awards have been presented by the WTN since 2000, as a way to honor those in 20 different categories of science and technology doing innovative work of the greatest likely long-term significance to change the way we live. Widely seen as the "Oscars of Science and Technology," previous WTN award winners include Al Gore (former US Vice-President), Mark Zuckerberg (founder of Facebook), Larry Page (co-founder of Google) and Tim Berners-Lee (inventor of the Internet). Nominees for the 2011 World Technology Awards were selected by the WTN Fellows and a select group of prominent Advisors through an intensive, global process lasting many months. Awards were presented at the culmination of the two-day World Technology Summit, convened by the WTN in association with TIME, Fortune, CNN, MIT's Technology Review, Science, American Association for the Advancement of Science (AAAS), New York Academy of Sciences, and Novartis. The winners were announced on stage by James P. Clark, Founder and Chairman of the World Technology Network and CNN Anchor, Poppy Harlow, on Wednesday night, in a gala black-tie Awards ceremony held at the United Nations Headquarters. Mr. Teig was recognized for his visionary work in inventing Tabula's Spacetime 3D programmable logic architecture. Changing the future of computing, Spacetime makes possible ubiquitous, efficient, high-performance programmability, capable of scaling to millions of programming elements. The hardware for scalable computing, the software to program massively scalable devices, and the fundamental computer science that underlies both the hardware and the software – the technologies to make everything programmable – were viewed as a breakthrough of enormous innovation by WTN Fellows. Founded in 2003, Tabula has been awarded more than 100 patents and started shipping first silicon to Tier 1 communications customers in 2010.