Deloitte Technology Fast 50 FAQs |
What is the Deloitte Technology Fast 50?
The Deloitte Technology Fast 50 is a program that ranks the 50 fastest growing technology companies, public or private, based on percentage revenue growth over three years and includes all related industry sectors - life sciences, computers & peripherals, internet, software, communications, semiconductors and components & electronics.
How long has the program been in existence?
The Deloitte Technology Fast 50 is a global program that began in the United States in 1994. The program was successfully launched in Australia in 2001 and now also runs in Canada, United Kingdom, France, Norway, Sweden, The Netherlands, Germany, Central Europe, Israel, South Africa, China, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand.
How does the program determine winners?
The Deloitte Technology Fast 50 winners are ranked based on percentage revenue growth for three years. The 2009 program will rank companies based on percentage revenue growth from 2007 to 2009.
How do companies qualify?
To be eligible for the Deloitte Technology Fast 50, your company must meet the following criteria:
- it must be a technology company defined as:
- develops proprietary technology which contributes to a significant portion of the company's operating revenues (NB using other company's technology in a unique way does not qualify); or
- manufactures a technology-related product; or
- devotes a high percentage of effort to research and development of technology
- in business for a minimum of three years
- revenues for the first year of calculation must be at least $A100,000 and the current year must be at least $A1million. For example, a technology company will qualify if its revenue for the year ended June 2007 was $A105,000 and its year-end revenue for June 2009 was $A1.5 million
- the company must be Australian owned and headquartered in Australia. Subsidiaries or divisions of overseas companies are not eligible (unless they have some Australian public ownership and trade separately).
Does a company have to be publicly listed?
No, the program includes both private and public companies.
How do companies nominate?
Companies can nominate for both the Deloitte Technology Fast 50 or the Rising Star award by completing our online nomination form.
What information is required to nominate?
To nominate, you must provide the following information:
- company details
- CEO details
- audited or verified financial statements for 2007 and 2009 including details of accounting policies
- brief description of company and proprietary technology (maximum of 300 words)
- company logo in jpg format
- colour portrait of CEO in jpg format.
What is the Rising Star award?
The Rising Star award recognises fast-growing technology companies that may not meet all of the eligibility criteria but who are making a name for themselves through the development and commercialisation of highly innovative technology. Read more
Can applications be made for both the Technology Fast 50 and the Rising Star programs?
No. The Rising Star program relates mainly to companies who either have not met the revenue criteria threshold or the three year age threshold applicable to the Technology Fast 50 nominations.
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