Technology Fast 500™: Proprietary Technology Verification
In order to accurately rank the Fast 500 companies and to assist Deloitte in the validation of information provided during the application process, applicants (private and public companies traded via over-the-counter exchanges) are required to submit the materials described below. The use of these materials will be limited to the evaluation of the applicants’ Technology Fast 500 eligibility.
Application forms must be submitted by June 27, 2014 including revenue support.
Proprietary Technology Support Requirement:
Applicants (private and public companies traded via over-the-counter exchanges) are required to provide a brief statement regarding their company’s proprietary technology and its application. Often times, companies can leverage this information from materials that have already been developed (i.e. product brochure). The statement should be in either Word or PDF format. Proprietary technology support must be uploaded at the time the online application form is submitted. Application forms must be submitted by June 27, 2014.
Companies must own proprietary intellectual property or proprietary technology and it must be sold to customers in products that contribute to a majority of the company's operating revenues. A majority of the company’s operating revenues must be derived from product sales (that incorporate the company’s proprietary technology), exclusive of related service revenue. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement.
Consulting companies, professional service firms, resellers, and others are not eligible.
Financial information provided must clearly separate revenue derived from the sale of products that incorporate the applicant’s proprietary technology from service revenue.
Additional information regarding applicants’ proprietary technology may be requested.
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