Technology Fast 500™: Proprietary Technology Verification
In order to accurately rank the Fast 500 nominees and to assist Deloitte in the validation of information provided during the nomination process, nominees (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 nominees’ Technology Fast 500 eligibility.
Nomination forms must be submitted by June 28, 2013. Revenue support must be received no later than July 19, 2013.
Proprietary Technology Support Requirement:
Nominees (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 nomination form is submitted. Nomination forms must be submitted by June 28, 2013.
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. 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 unless a majority of the company’s operating revenues is derived from product sales (that incorporate the company’s proprietary technology), exclusive of related service revenue.
Financial information provided must clearly separate revenue derived from the sale of products that incorporate the nominee’s proprietary technology from service revenue.
Additional information regarding nominees’ proprietary technology may be requested.
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