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Eligibility Criteria
Technology Fast 50TM ranking & 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 must have minimum revenues of $50,000 in 2005 and $5,000,000 in 2009 (not applicable to Companies-to-Watch award applicants).
- Your company operates within one of the following four sub-sectors:
- Emerging technologies (e.g. green technology, nanotechnology)
- Hardware/semiconductor
- Software
- Telecommunications/wireless
- Service offering firms are not eligible to the program
Technology Fast 50TM Leadership award
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 $500,000 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 are not eligible to the program
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