Making a mark on Australia’s innovation map
Nominate now for Deloitte’s 2016 Technology Fast 50
27 September 2016: There’s still time for fast growing tech start-ups to nationally showcase their success by nominating before 30 September to join the prestigious ranks of Australia’s 2016 Technology Fast 50.
“Technology plays an integral role in so many of our day to day activities, it’s fantastic to see the companies behind some of Australia’s best innovations nominating to celebrate their achievements and raise their profile across Australia,” said Joshua Tanchel, Deloitte Private Partner and leader of Deloitte’s Technology Fast 50 Program.
“The companies who make it into the Technology Fast 50 Index are significantly shaping our interactions and experiences. It’s therefore important to recognise their contributions and the role they are playing in building and advancing Australia’s technology eco-system.”
The Technology Fast 50 program is supported again this year by past sponsors ASX and NetSuite. Joining them this year are Clifford Chance and the UK Department for International Trade (formerly UKTI), each a leader in their field in encouraging innovation and supporting the growth and success of Australia’s start-up ecosystem.
Max Cunningham, General Manager, ASX Listings & Issuer Services said: “ASX is proud to again be supporting the Deloitte Technology Fast 50 program in Australia and encourages all eligible tech companies to nominate. The sector in Australia continues to go from strength to strength and there is little doubt that becoming a member of the Technology Fast 50 means you are among the best in your field.
“2016 has delivered another strong year for Technology IPOs on ASX. During the year we saw 27 new tech listings, with a combined market capitalisation of over $4.3 billion. This brings the total number of ASX technology listings to more than 167 companies.”
Lee Thompson, SVP and GM: APJ, NetSuite said: “We’re excited to be part of Technology Fast 50 again this year. Digital transformation has been driving disruption across all Australian industries– changing business operations, the way we work and even how we do our jobs. As Australia’s #1 Cloud Business Software Suite, NetSuite is passionate about helping local businesses to innovate, scale and become more efficient, and this prestigious program provides us with the perfect platform to work closely with the fastest growing and most forward-thinking companies. Our involvement enables us to assist Australian businesses of all sizes to meet their growth objectives through cloud technology, whilst also supporting the future of Australia’s technology start-up eco-system.”
Diana Chang, Managing Partner of the Sydney office of Clifford Chance said: “Clifford Chance sees the value that stems from investing in innovation, both to our people and directly to our clients. Innovation sits at the forefront of our strategy – our award-winning continuous improvement program was the first of its kind from any major law firm, and has so far delivered significant savings to our clients and practice in the past 12 months. We also partner with an artificial intelligence software provider, Kira, which uses AI to search and analyse text in contracts, which assists in delivering improved levels of speed, efficiency and quality to processes for our clients.
"Delivering a service that exceeds client expectations is increasingly crucial; we must innovate and adapt, particularly in the increasingly complex regulatory landscape our clients operate in. Many of our lawyers are passionate about technology and are playing an active part in the Technology Fast 50 program. It is a privilege to be supporting an initiative that puts Australian innovation on the map, and exposes our people to the most dynamic businesses in their fields.”
Nick McInnes, Director General, Australia and New Zealand, UK Department for International Trade said: “The UK’s Department for International Trade has been engaging with fast-growing and innovative tech start-ups in Australia for a number of years. We have seen some really exciting Australian tech companies emerge in this time and have worked with many of them to introduce their cutting-edge technologies to the UK. At the same time, we have worked with equally exciting UK start-ups that have made Australia an early focus for their international expansion.
We have facilitated interactions between the wider UK and Australian tech communities to share best practice; work together to take advantage of opportunities and tackle challenges; and collaborate on the development of policy and regulatory frameworks to make it easier for dynamic and innovative companies to be successful in both markets.
I think it is great that Australian start-ups should have the chance to be recognised in Deloitte’s Technology Fast 50 Program and am delighted that the UK’s Department for International Trade is one of the sponsors of the program this year. I hope we will have the opportunity to work with many of the 2016 Technology Fast 50 companies as they look to expand into overseas markets.”
For more information about this year’s program, including eligibility criteria, and to make a nomination, please visit: www.tech50.com.au
Nominations close 30 September 2016.