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Eligibility
Eligibility Criteria
What criteria are used to evaluate and select winners?
Companies - public or private, large or small - must be headquartered in, and create their intellectual property in Canada. In an online application form available at www.fast50.ca, each nominee confidentially provides its revenue history for the past five years, a brief company profile, and basic information on its business.
- To qualify for the Technology Fast 50TM ranking, companies must have been in business for at least five years and have revenues of at least $5 million.
- Companies-to-Watch Awards are open to early-stage technology companies that have been in business for less than five years.
- Technology Fast 50TM Leadership award candidates are judged on their ability to create a distinct competitive advantage in a high growth market.
Once all Technology Fast 50TM candidates are nominated, teams of subject matter experts conduct interviews with candidates across Canada and participate in regional and national judging panels, where companies are evaluated based on the following criteria:
- competitive advantage;
- size, growth, and market attractiveness;
- management effectiveness and organization;
- and financial performance.
What type of companies make the cut?
Technology Fast 50TM companies are diverse - large, small, public, private - and they come from a variety of industry sectors. Deloitte Technology Fast 50TM companies are leaders in sectors such as hardware, software, telecommunications, as well as new and emerging areas, such as green technology and nanotechnology. Technology Fast 50TM companies combine revenue growth, technological innovation and entrepreneurial spirit.
Do subsidiaries of foreign-owned companies qualify?
Subsidiaries of foreign-owned companies do not qualify for the Canadian ranking, but may qualify for one of the other Technology Fast 50TM rankings offered by our Deloitte counterparts in the United States and around the world.
What are the eligibility criteria for the Technology Green 15TM Awards?
The following criteria are used to evaluate Technology Green 15TM applicants, which are judged against even more rigorous evaluation criteria than other Technology Fast 50TM award categories:
- They must develop Canadian-based intellectual property that has the potential to achieve global leadership
- They must deliver solutions that offer a compelling return on investment for customers and encourage widespread commercialization of the technology
- They must create a measurable reduction of their customers' environmental footprint and energy usage
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