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2024 Tech Fast 50

Applications are opening soon!

Save the date: Awards evening on 21.11.2024, at the Museum of Contemporary Art Australia, Sydney

2024 Tech Fast 50 awards program applications opening 1 August!

About Tech Fast 50

For more than two decades, Deloitte’s Tech Fast 50 Australia awards has been one of the longest-standing tech award programs and has celebrated the country’s fastest-growing tech companies – the startups that have scaled up – with many going on to become local and global powerhouses.

Every year, the Tech Fast 50 team discover the top 50 Australian technology companies by revenue growth rate over three years, with the top performer crowned our overall winner. 

As part of your Tech Fast 50 overall application, we recognise companies across four additional award categories:

  • Leadership and Enterprise Growth
  • Tech Female^ Leader of the Year
  • Climate & Sustainability
  • Australian State Champions (Automatically awarded based on Tech Fast 50 listees)

Our Rising Star award category recognises new technology companies experiencing exceptional growth that have been operational for less than 3 years. With Rising Stars being identified in a similar process to Tech Fast 50, in terms of revenue growth. 

As a finalist and winner, your company will be recognised as one of Australia's most successful technology innovators, joining the ranks of Tech Fast 50 alumni from leading technology companies including, Afterpay, Atlassian, Zip, EVSE, NEXTDC, Cettire, ModiBodi, Domino’s Pizza, Menulog, RSVP, Seek, JS Health, Prospa. Including gaining access to exclusive networking opportunities with other high-performing technology companies, investors, and industry experts at our networking morning event and awards evening event and brand exposure by Deloitte and sponsors. 

Be the first to know once applications open by registering here

2024 Award categories & ​criteria

The Tech Fast 50, recognises the top 50 fastest-growing technology companies over the past three years, based on their tech-based revenue growth rate.

To qualify, your company must:

  1. Be considered a technology company*:
    *A technology company is defined as one or more of the following:
    • owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
    • manufactures a technology related product;
    • devotes a significant proportion of operating revenues to research and development of technology;
    • is technology intensive or uses its own unique technology to solve problems.

  2. Be Australian-owned and headquartered in Australia; subsidiaries or divisions of overseas companies are ineligible (unless they have some Australian public ownership and trade separately).

  3. Have tech-based primary operating revenues of at least $100,000 in the first financial reporting year (2024 Tech Fast 50, this is FY22 operating revenue).

  4. Have been in business for a minimum of three financial years with a cumulative tech-based operating revenue of at least $8 million over the past 3 financial years. The 50 highest growth rates over three years determines the top 50 ranked companies. (Growth rate is calculated based on tech-based operating revenue over 3 years =FY24-FY22/ FY22)

  5. Optional: Provide featured articles, press releases, awards won URLs

    Where accounts are not audited, a cover letter must be provided. This cover letter should be on company headed paper, signed by a director of the company, stating and confirming the revenue figure per the accounts. Where only abbreviated accounts are available (with no profit and loss statement shown), please provide alternative financial information supporting the revenue figure presented, for example, management accounts used by the company, along with the cover letter described above.

Note: $ = AUD

This award recognises in addition to the 2024 Tech Fast 50 program, the technology company with the largest impact on the industry through leadership excellence across innovation, diversity and inclusion, scalability, industry recognition and/or social impact.

To qualify, the technology company must:

  1. Be considered a technology company*:
    *A technology company is defined as one or more of the following:
    • owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
    • manufactures a technology related product;
    • devotes a significant proportion of operating revenues to research and development of technology;
    • is technology intensive or uses its own unique technology to solve problems.

  2. Be Australian-owned and headquartered in Australia; subsidiaries or divisions of overseas companies are ineligible (unless they have some Australian public ownership and trade separately).

  3. Have tech-based primary operating revenues of at least $50million in the last financial reporting year (for the 2024 awards, this is FY24 operating revenue).

  4. Have been operational for a minimum of three financial years.

  5. Be able to demonstrate how they are leading the way for the technology industry in one or more of the following areas:
    • Demonstrate that their technology innovation has or can be scalable on a global front, representing Australia as leading the way for the technology sector globally.
    • Are contributing to the future of work for technology in Australia, by employing world-class programs and business models that positively impact the workforce, workplace and work and investment in technology capabilities.
    • Implementation of policies around diversity, equity and inclusion in the workplace.
    • Exhibit leadership in positive socioeconomic outcomes in relation to technology.

  6. Optional: Provide featured articles, press releases, awards won URLs

Note: $ = AUD

The Tech Female^ Leader award recognises inspiring female leaders in founding or C-Suite roles within Australian technology companies, making a positive impact to female leaders in the technology sector.

To qualify, the nominee must:

  1. Be in a current C-Suite leadership or founding role and identify as a female^.

  2. Demonstrate positive impact on the technology industry and current company in 1 or more of the following areas:
    Mentorship and Advocacy: Actively mentor and advocate for the female talent development programs and representation of women in the technology sector, and in fostering a diverse and inclusive current workplace culture.
    Achievement and Recognition: Recognised by industry awards, and recognition within the technology sector, showcasing a track record of success and excellence.
    Leadership Excellence: Demonstrates exceptional leadership skills, innovative thinking, and strategic vision within the technology sector being an active and current member of one or more industry board(s).

  3. The company in which the nominee holds the current c-suite leadership or founding role in, must:
    a. Be Australian-owned and headquartered in Australia; subsidiaries or divisions of overseas companies are ineligible (unless they have some Australian public ownership and trade separately).
    b. Have been in business for a minimum of three financial years with a cumulative tech-based operating revenue of at least $8 million over the past 3 financial years.
    c. Be considered a technology company*:
        *A technology company is defined as one or more of the following:
        • owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
        • manufactures a technology related product;
        • devotes a significant proportion of operating revenues to research and development of technology;
        • is technology intensive or uses its own unique technology to solve problems.

  4. Provide a profile photo of nominee to be used in winner announcement communications and alongside provided nominee bio.

  5. Optional: Provide featured articles, press releases, awards won URLs.

Note: $ = AUD

^For entrants who identify as female

The Climate award recognises climate technology companies for their commitment to positive climate action and contribution on Australia's journey to net zero.

For this award, companies must:

  1. Meet the Tech Fast 50 criteria 

  2. Be able to demonstrate how they are leading in the way for the technology industry in 1 or more of the following areas:
    • Emission Reduction Contribution: Produce technology for the purpose of supporting emission reductions* for your customers and can provide data to evidence these reductions and/or other climate tech solutions that enable organisations to tackle climate challenges and support a nature positive agenda.
    • Innovation in Climate Technology Solutions: Produce climate technology products or services that enable organisations to tackle climate challenges and support a nature positive agenda. Provide data and evidence to support.
    • Resource Efficiency for Climate Action: Data evidence demonstrating how your organisation is reducing its own emissions (with a target plan to net zero). Some examples may include, but not limited to: Integration of climate and sustainability goals into the organisational purpose and strategy such as: climate led transformation agenda on energy and resource use; implementation of sustainable practices in product and service design; and in business operations by reducing waste and carbon emissions in the workplace; and motivating workforce to participate.
    • Industry Collaboration Driving Climate Action: Actively collaborating with one or more of the following; industry, other organisations, government agencies, NGO’s, academic institutions to drive collective action on climate issues and foster sustainability initiatives.

  3. Optional: Provide featured articles, press releases, awards won URLs

*Must use a methodology consistent with the GHG Protocol

The Rising Star award celebrates the innovative accomplishments of rapidly growing Australian tech companies. Eligible for this award are companies that have been operational for less than three years and have generated under $8 million in tech-focused operational revenue during this period with a 300% or more revenue growth rate. These emerging leaders are setting themselves up as future contenders for the Tech Fast 50 accolade.

To qualify, the technology company must:

  1. Be considered a technology company*:
    *A technology company is defined as one or more of the following:
    • owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
    • manufactures a technology related product;
    • devotes a significant proportion of operating revenues to research and development of technology;
    • is technology intensive or uses its own unique technology to solve problems.

  2. Be Australian-owned and headquartered in Australia; subsidiaries or divisions of overseas companies are ineligible (unless they have some Australian public ownership and trade separately)

  3. The Rising Star award considers applicants that have under three years' worth of verified financial data and do not meet the $8 million revenue threshold of Tech Fast 50. To qualify for this category, companies need at least two years of trading history (one full year and one part year is accepted) and operating revenue of at least $50,000 in the first full or part year.

  4. Demonstrate a minimum of 300% revenue growth based on technology-based revenue. (Growth is calculated as (Revenue year 2 e.g. FY24 – Revenue year 1 e.g. FY23) / Revenue year 1 e.g. FY23))

  5. Optional: Provide featured articles, press releases, awards won URLs

Note: $ = AUD

The Australian State Champions award recognises the fastest-growing technology company for each of the states and territories in Australia (VIC, NSW, QLD, ACT, WA, NT, TAS). The winners will be determined from the final Tech Fast 50 list, with no separate application process.

To be eligible, your company must:

  • Meet the criteria for the Tech Fast 50.
  • Be listed in the Tech Fast 50 winners list.
  • The company’s head quartered address/state/territory provided during the nomination process will be used to determine the state-based ranking. The company that has the highest growth rate per state or territory within the Tech Fast 50 list, will be announced on the night of the awards

Preparing your application

Applications for the 2024 Tech Fast 50 Awards are open from Thursday, 1 August 2024 and close Tuesday, 1 October 2024 5pm AEST.

 

To prepare for your application submission, please have the following information on hand:

  • Company information: name, address, ABN, contact details, size, company logo in high res png format, 150-word brief description
    of the company which will be used in announcement material as a finalist or winner
  • CEO and founders’ details
  • All awards:
    • A brief description of the company and its proprietary technology, this information (will not be published) (maximum of 300 words). Definition of a technology company can be found on the webpage.
    • Financial information in PDF format, file name to be the company name you are submitting for and the year of the report. (e.g. ABC Company_FY24).
      • For Tech Fast 50, financial reports required for those companies with calendar year-end it is 2021-2023 or those with financial year-end it is FY22-FY24.
      • For Rising Star, applications should include financial reporting for a minimum of 1.5 years, ensuring the company has generated under $8 million in tech-focused operational revenue during this period with a 300% or more revenue growth rate.
      • Where accounts are not audited, a cover letter must be provided. This cover letter should be on company headed paper, signed by a director of the company, stating and confirming the revenue figure per the accounts. Where only abbreviated accounts are available (with no profit and loss statement shown), please provide alternative financial information supporting the revenue figure presented, for example, management accounts used by the company, along with the cover letter described above. Ensuring the revenue is tech-based operating revenue only.
  • If you are applying for the Leadership and Enterprise Growth, Tech Female Leader or Climate & Sustainability award, provide for each category 300 words relating to how you meet the application criteria, found on the webpage 
  • If you are applying for Tech Female Leader, additionally please have on hand a 150-word bio for the nominee and a high-res profile image in jpg format

If you have any questions about the application process or the required documentation, please contact us at technologyfast50@deloitte.com.au.

Disclaimer: Deloitte assesses and approves all applications in its absolute and sole discretion. Deloitte may, in its absolute and sole discretion, reject or withdraw any nominated applicant at any time during the duration of the program.

Applications for the 2024 Tech Fast 50 Awards are open from Thursday, 1 August 2024 and close Tuesday, 1 October 2024 5pm AEST.
 
  • 1 August 2024 – 1 October 2024: Applications Open
  • Mid-October 2024: Shortlisted and unsuccessful companies notified
  • 21 November, evening: Awards evening where shortlisted candidates will find out the winners of the 2024 Tech Fast 50 award and other 5 award categories, held in the MCS’s Foundation Hall, Sydney NSW. Exclusive invite only.
  • 22 November: Award winners publicly announced through a media release and Deloitte webpage. Finalists will also receive winners collateral to use on their own channels.

 If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

 
Disclaimer: Deloitte assesses and approves all applications in its absolute and sole discretion. Deloitte may, in its absolute and sole discretion, reject or withdraw any nominated applicant at any time during the duration of the program.

Tech Fast 50 Past Winners and FAQs

A recap on the 2023 Tech Fast 50 Winners:

The Tech Fast 50 companies have not only defied the odds in a challenging environment, but their adaptability and resilience are paving the way for new open, collaborative and innovative ways of working, solidifying their position as leaders in the tech industry.

Let’s take a look at the cream of this year’s Tech Fast crop.

Tech Fast 50 winners

  1. Montu 9,616%
  2. pay.com.au 5,063%
  3. Activeport 4,572%

Leadership & Enterprise Growth winner

Tech Female Leader winner

Rising Star top three

  1. Updoc 15,924%
  2. Midnight Health 8,376%
  3. Salt & Lime 3,064%

Climate and Sustainability winner

Australian State Champions

Past Tech Fast 50 winners and reports

What is the Tech Fast 50?

Deloitte’s Tech Fast 50 is a program that ranks fast-growing technology companies – public or private – based on percentage revenue growth over the past three years. Companies qualify firstly as a technology Australian-owned and headquartered, with several awards being offered in 2024, including the Rising Star award category for companies who have been operational for less than two years. Read the ‘awards categories’ section on the Tech Fast 50 webpage to find out more. 

How are Tech Fast 50 winners chosen?

Eligible companies are ranked based on percentage revenue growth over the past three years. Deloitte verifies the submitted data against the company's operating revenues as disclosed in their submitted financial statements, which are provided during the application process. Deloitte does not audit nor analyse the companies' financial standings. For each of the awards, there are several additional criteria to qualify. 

How do companies qualify for each of the Tech Fast 50 award categories?

To be eligible for each of the Tech Fast 50 awards, your company must meet certain criteria based on the award you are submitting an application for Tech Fast 50 and its sub-categories as well as Rising Star. Explore the criteria for each category, under the ‘awards categories’ and ‘Preparing your application’ section.

Do companies need to be publicly listed to be eligible?

No. Both private and public companies are welcome to enter.

Will the company’s financial information be published publicly?

The information you provide to us will be used for your company’s participation in the 2024 Deloitte Tech Fast 50 Australia awards to determine the 2024 winners of the Deloitte Tech Fast 50 Australia program. We may publish the information you provide to us on the Deloitte website, organic and paid advertising channels, media and sponsor channels, including: company name, logo, cumulative growth rate (% not $) and company bio for each award winner. This includes the winning Tech Female Leader’s bio and profile image.

We may share all information you provide within this application form to our sponsors except the submitted annual revenue ($ values) and documents. Revenue figures ($) and documents are kept strictly confidential and are not shared outside of our Deloitte Tech Fast 50 program team. Financial documents are not audited. We will ensure that the information you have provided to us is protected to the same standards that we use to protect our own information here at Deloitte.

Can a company be eligible for both the Tech Fast 50 and the Rising Star award?

No. The Rising Star category is for companies that have been trading for less than three years and have cumulative revenue of less than $8M, hence they do not meet the Tech Fast 50 award criteria. Additionally, please view the ‘Award categories’ section to learn more about the Rising Star financial criteria. 

How much are Tech Fast 50 award applications?

Applications are free to submit. 

How do I get tickets for the Tech Fast 50 award event?

Shortlisted candidates are invited to an exclusive networking morning event and awards evening event on 21 November in Sydney, NSW. Award tickets are not available for purchase. 

How many awards can I apply for?

Your company can apply for as many awards as they qualify for. There is no limit to the number of applications you can submit across the various categories. To view the award categories, you can read more under the ‘Award categories’ section on the webpage. 

How do I nominate for Tech Fast 50?

Submit your application through this link during 1 August 2024 - 1 October 2024. Please see the ‘award categories’ section for more information on various awards and eligibility criteria. 

Who can I contact if I have any questions about this program?

If you have any questions about the Tech Fast 50 program, applications process or awards event, please contact us at technologyfast50@deloitte.com.au

Privacy Notice and Disclaimer

At Deloitte we care about your privacy. If you are the CEO or Founder of your company and you choose to complete the  2024 Deloitte Tech Fast 50 Australia award application form, you will be asked to provide some basic information about yourself, such as name and contact details. If you are completing this form on behalf of your company’s CEO or Founder(s), you will be asked to provide basic contact information about yourself and your CEO and Founder(s) and consent on their behalf to receive direct communications from Deloitte.

Contact information provided during the  application process may be used by Deloitte and sponsors to contact you relating to the Tech Fast 50 program and future Deloitte marketing communications.

The information you provide to us will be used for your company’s participation in the 2024 Deloitte Tech Fast 50 Australia awards to determine the 2024 winners of the Deloitte Tech Fast 50 Australia program. We may publish the information you provide to us on the Deloitte website, organic and paid advertising channels, media and sponsor channels, including: company name, logo, cumulative growth rate (% not $) and company bio for each award winner. This includes the winning Tech Female Leader’s bio and profile image.

We may share all information you provide within this application form to our sponsors except the submitted annual revenue ($ values) and documents. Revenue figures ($) and documents are kept strictly confidential and are not shared outside of our Deloitte Tech Fast 50 program team. Financial documents are not audited. We will ensure that the information you have provided to us is protected to the same standards that we use to protect our own information here at Deloitte.

More information about how we will handle your personal information, how you can lodge a complaint, how you can contact us and how you may access and seek correction of your information are set out in our privacy policy at https://www2.deloitte.com/au/en/legal/privacy.html. For any other enquiries, you can contact the privacy team at: privacy@deloitte.com.au.

Deloitte assesses and approves all applications in its absolute and sole discretion. Deloitte may, in its absolute and sole discretion, reject or withdraw any nominated applicant at any time during the duration of the program.

For general queries, please email technologyfast50@deloitte.com.au

Download the 2023 Tech Fast 50 winners' report