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Eligibility Criteria
Technology Fast 50TM ranking
- Your company must be either Canadian-controlled or headquartered in Canada. Your management team and R&D activities must also be located in Canada.
- Your company must invest a minimum of 5% of gross revenues in R&D.
- Your company must own a proprietary technology or have intellectual property that contributes to a significant portion of operating revenue.
- Your company must have minimum revenues of $50,000 in 2007 and $5,000,000 in 2011.
- Your company operates within one of the following five sub-sectors:
- Emerging technologies (e.g. green technology, nanotechnology)
- Hardware/semiconductor
- Software
- Telecommunications/wireless
- Digital media
Companies-to-Watch award
- Your company must be either Canadian-controlled or headquartered in Canada. Your management team and R&D activities must also be located in Canada.
- Your company must invest a minimum of 5% of gross revenues in R&D.
- Your company must own a proprietary technology or have intellectual property that contributes to a significant portion of operating revenue.
- Your company has been in business for less than five years.
- Your company operates within one of the following five sub-sectors:
- Emerging technologies (e.g. green technology, nanotechnology)
- Hardware/semiconductor
- Software
- Telecommunications/wireless
- Digital media
*Service offering firms and biomedical companies are not eligible for the program.
Technology Fast 50TM Leadership award
Prizes are awarded to companies that demonstrate a distinct competitive advantage in a high-growth market. There is no application process for this award; companies are selected by regional and national judging panels.
The criteria by which companies are considered are as follows:
- Competitive advantage - Clear market focus, successful business model and strategy, superior intellectual property, superior customer adoption rate.
- Size, growth and market attractiveness - Rapidly growing market segment, global market potential of $1 billion or more, product that directly addresses customer needs.
- Management effectiveness and organization - Entrepreneurial experience, strength and depth of corporate culture, proven track record of managing profitable growth.
- Financial performance - Five-year growth over 200%, profitability.
Technology Green 15TM award
The criteria by which companies are considered are as follows:
- Your company must be either Canadian-controlled or headquartered in Canada. In addition, your management team and R&D activities must also be located in Canada.
- Your company must invest a minimum of 5% of gross revenues in R&D.
- Your company must own a proprietary technology or have intellectual property that contributes to a significant portion of operating revenue.
- Your company must maintain a minimum revenue of $50,000 in its most recent year period of operations.
- A majority of your company's revenues must come from products that have a positive environmental impact, being one of the following:
- Global warming prevention and energy saving
- Resources Circulation (Reduce, Reuse and Recycle)
- Environmental preservation and safety
Service offering firms and biomedical companies are not eligible to the program.
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