MIT, the innovators, 35 or younger, have been described as "lab dwellers, visionaries, and dealmakers whose work will utterly transform our world in the years to come".
The 52-page article said: "We combed through the rosters of universities, companies, national laboratories, and other research and development outfits around the globe to find 100 of today's most exciting young innovators."
TR100 covers four fields - computing, biotech and medicine, Internet and nanotech.
The maximum number of innovators of Indian origin figure in the list for biotech and medicine - Sangeeta Bhatia, Nimmi Ramanujam, Shuvo Roy and Ram Samudrala.
Three others are listed under nanotech - Krishna Kumar, Balaji Narasimhan and Ravikanth Pappu.
While two are listed under Internet - Sanjay Parekh and Reuben Singh - the category of computing has one, Vipul Ved Prakash.
This is the third time Technology Review has identified 100 young innovators to celebrate.
"Ever since cave dwellers figured out that rocks and sticks made it easier to dig holes and gather food, technology has profoundly influenced the way humans live and work," the magazine said.
It added: "So to catch a glimpse of technology's future - and our own - Technology Review looked to the people who are creating it."
Here are the fields of the 10 innovators:
Vipul Ved Prakash: Developed free and commercial software filters that fight spam.
Sangeeta Bhatia: Uses microchip-manufacturing tools to build artificial livers.
Nimmi Ramanujam: Uses light to help make diagnosing breast and cervical cancer faster, more accurate, and less invasive.
Shuvo Roy: Builds tiny machines that can warn of impending heart attack and monitor healing after surgery.
Ram Samudrala: Wrote algorithms that can predict the functions of proteins from the sequence of a genome.
Sanjay Parekh: Develops software that lets companies tailor services to their customers' locations.
ReubenSingh: Provides support services and start up money for entrepreneurs.
Krishna Kumar: Improves the stability and effectiveness of protein-based drugs.
Balaji Narasimhan: Devises time-release polymers to replace multiple vaccine injections
Ravikanth Pappu: Fights credit card forgery with glass-bead "keys".