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Eligibility Criteria

Technology Fast 50TM ranking

  1. Your company must be either Canadian-controlled or headquartered in Canada. Your management team and R&D activities must also be located in Canada.  
  2. Your company must invest a minimum of 5% of gross revenues in R&D.  
  3. Your company must own a proprietary technology or have intellectual property that contributes to a significant portion of operating revenue.
  4. Your company must have minimum revenues of $50,000 in 2007 and $5,000,000 in 2011. 
  5. 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.


Companies-to-Watch award

  1. Your company must be either Canadian-controlled or headquartered in Canada. Your management team and R&D activities must also be located in Canada.  
  2. Your company must invest a minimum of 5% of gross revenues in R&D.  
  3. Your company must own a proprietary technology or have intellectual property that contributes to a significant portion of operating revenue.
  4. Your company has been in business for less than five years. 
  5. 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:

  1. 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.
  2. Your company must invest a minimum of 5% of gross revenues in R&D.
  3. Your company must own a proprietary technology or have intellectual property that contributes to a significant portion of operating revenue.
  4. Your company must maintain a minimum revenue of $50,000 in its most recent year period of operations.
  5. 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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