Lead. Innovate. Excel: Nominations open for the Deloitte Technology Fast 50 Australia 2010 programDOWNLOAD
6 August 2010: Professional services firm Deloitte, announced today that nominations are now open for Australia’s Deloitte Technology Fast 50 2010 program.
Now in its tenth year, the Deloitte Technology Fast 50 Australia 2010 is a program that continues to recognise and profile Australian fast growing technology companies, public or private, who have achieved the fastest rates of annual revenue growth (based on percentage revenue growth over the last three years).
Previous winners have included Emantra, a private cloud computing internet service provider, who had record revenue growth of 1756.3% and ComTel Corporation Limited in 2008 with outstanding revenue growth of 1302% over the previous three year.
Joshua Tanchel, Deloitte Private Partner and leader of Deloitte’s Technology Fast 50 Program says “this program rewards technology companies who have shown resilience and recorded high revenue growth. We strive to recognise companies which have adopted innovative techniques to build their business and continue to grow even when market conditions are difficult.”
The aim of the Technology Fast 50 program is to recognise and raise the profile of technology companies that have shown sustained growth over the last three years. The winners, who are to be announced in November, receive exposure and recognition from media and industry colleagues and also become part of an exclusive network of high performing technology companies.
The program is supported by forums, events, newsletters and seminars- available to all entrants - which will help businesses grow. Winners are also automatically entered in the Deloitte Technology Fast 500 Asia Pacific 2010 program and if selected these companies are recognised across the Asia Pacific region for their excellence in growth.
“The major challenges for many technology companies are accessing finance, meeting changing customer needs and retaining top talent. This program will give the winners access to new ideas through invaluable networking opportunities, increased media profile as well as access to industry experts who are leaders in the technology industry,” added Mr Tanchel.
The Deloitte Australia Technology Fast 50 is part of a global program run in parallel with the United States, 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.
The program includes all related industry sectors; communications, software, semiconductors, components and electronics, life sciences, internet and computer peripherals.
Eligibility criteria for the Deloitte Technology Fast 50 2010
Winners are selected based on percentage revenue growth over three years and must meet the following criteria:
1. The company must have been in business for a minimum of three years;
2. The company must be considered a technology company, which is defined as:
a. producing technology
b. manufacturing technology-related products
c. be technology intensive, or use unique technology to solve problems
d. devoting a high percentage of effort to technology R&D;
3. The parent company must be Australian owned and have its headquarters in Australia (subsidiaries of multinational organisations do not qualify);
4. Operating revenues must be at least $50,000 in 2008.Must have total cumulative operating revenues of $8 million during the last three operating years.
Note: Companies with operating revenues of less than $8 million during the last three operating years may still qualify for the regional Deloitte Technology Fast 500 Asia Pacific 2010 program.
New to this year’s program is the Leadership Awards, which are granted to companies with operating revenues in excess of $50 million in 2010. To qualify for the award the company must have operating revenues in excess of $50 million for 2010. (All other eligibility criteria are the same as the main Technology Fast 50 awards).
For more information about this year’s program (including nomination criteria, nomination process, key dates and other information), please visit www.tech50.com.au and fill out the nomination form. Nominations close 30 September 2010.