Celebrating 21 years of Tech Fast 50 Australia
About the awards
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Now in its 21st year in Australia, the Deloitte Technology Fast 50 program ranks fast growing technology companies, public or private, based on percentage revenue growth over three years.
Winners are recognised by the technology and financial industry as being forward thinking and innovative technology companies. There are four nomination categories: Technology Fast 50, Rising Star, Leadership and the Technology Female Leadership.
2021 winners were announced in April 2022. Meet the winners here.
To stay informed about the 2022 program, please register your interest here.
What's in it for you?
- Recognition: join the ranks of previous Technology Fast 50 winners, including Afterpay, Prospa, NEXTDC, Vinomofo and Vocus Communications as some of Australia's most successful technology innovators.
- Networking: exclusive networking opportunities with other high performing technology companies and industry experts.
- Exposure: winning companies will feature in our Winners' Report and supporting materials, along with Technology Fast 50 media exposure and coverage. Winners also gain access to the Technology Fast 50 logo to use in business communications.
- Go global: eligible nominees will get automatic entry into the Deloitte Asia Pacific Technology Fast 500 program, a ranking of the 500 fastest-growing technology companies in the region.
Frequently asked questions:
What is the Deloitte Technology Fast 50?
The Deloitte Technology Fast 50 is a program that ranks 50 fast growing technology companies, public or private, based on percentage revenue growth over three years and includes all related industry sectors - communications, media, software, hardware, life sciences and healthcare, online, fintech and clean energy.
How do I nominate my company for Deloitte Technology Fast 50 Australia?
Detailed information on the online nomination process is available here.
When do nominations open for the 2022 program?
Register to receive updates here.
How does the program determine winners?
Our Technology Fast 50 winners are ranked based on percentage revenue growth for three years. Our Deloitte team will check the submitted data to the company's operating revenues as disclosed in their financial statements, which are provided during the nomination process. Deloitte does not audit nor does it analyse the companies' financial standings.
How do companies qualify for the Deloitte Technology Fast 50 awards categories?
To be eligible for each of the Deloitte Technology Fast 50 awards categories, your company must meet certain criteria. Explore the criteria for each category here.
How do companies apply for the regional Asia Pacific Technology Fast 500 program?
Companies headquartered in Australia apply via the Technology Fast 50 Australia program. If you do not satisfy the criteria for the local program, you may still be eligible to participate in the Asia Pacific Program, which does not have the $8 million cumulative revenue requirement.
Does a company have to be publicly listed?
No, both private and public companies are welcome to enter.
What information is required to nominate?
The information required can be found on the nomination page.
What is the Leadership award?
The Leadership award recognises established innovative companies with a strong growth track record (third year operating revenue of at least $50 million), showcasing its leadership status in the technology industry to new start-ups.
What is the Technology Female Leadership award?
The Technology Female Leadership award recognises those companies within the Technology Fast 50 list that were founded or co-founded by a female(s) or have a female CEO.
Can applications be made for the Technology Fast 50, the Leadership award and/or the Technology Female Leadership award?
Yes. In order to be eligible for the Leadership and/or the Technology Fast Female award, companies must first make the Technology Fast 50 list. Through submitting your nomination you will be automatically considered for the three categories.
What is the Rising Star award?
The Rising Star award recognises those companies that meet all of the main Technology Fast 50 criteria but have been trading for less than three years.
Can applications be made for both the Technology Fast 50 and the Rising Star award?
No. The Rising Star category is for companies that have been trading for less than three years and therefore do not meet the Technology Fast 50 award criteria.
What makes a winner? Nomination criteria
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We announce our winners under four categories:
Category: Technology Fast 50
- Is a technology company defined as:
- Producing technology
- Manufacturing technology-related products
- Be technology intensive, or use unique technology to solve problems
- Devoting a significant proportion of operating revenues to research & development of technology.
- Has been in business for a minimum of three years.
- The company must be Australian owned and headquartered in Australia. Subsidiaries or divisions of overseas companies are not eligible (unless they have some Australian public ownership and trade separately).
- Operating revenues must be at least $50,000 in the first reporting year (in 2022 this is 2020).
- Must have total cumulative operating revenues of $8 million during the last three operating years. For example, a technology company will qualify in 2022 if its revenue for the year ended June 2020 was $105,000 and its year-end revenue for June 2021 and June 2022 were $2.5 million and $5.5 million, respectively. (Please note that companies with operating revenues of less than $8 million may still qualify for the regional Asia-Pacific Technology Fast 500 program).
Category: Rising Star
Does your company meet all of the main Technology Fast 50 criteria, but has been trading for less than three years? Our Rising Star category could be for you!
The nomination process for the Rising Star award is the same as the Technology Fast 50 award. The only difference is that Rising Star applicants have under three years' worth of verified financial data and do not meet the $8 million revenue threshold. To qualify for this category, companies need at least 2 years of trading history (1 full year and 1 part year) and operating revenue of at least $50,000 in the first year or part year.
Category: Leadership
Are you an established technology company with a strong track record and operating revenues greater than $50 million in 2022/FY23? Then the Leadership category could be for you!
The nomination process for the Leadership award is the same as the Technology Fast 50 award. The difference with Leadership applicants is that they must have greater than $50 million in the last reporting year.
Category: Technology Female Leadership
Was your company founded or co-founded by a female or currently has a female CEO? Then the Technology Female Leadership category could be for you!
The nomination process for the Technology Female Leadership award is the same as the Technology Fast 50 award. The difference with Technology Female Leadership applicants is that they must have been founded or co-founded by a female or currently have a female CEO.
What information is needed to nominate?
To nominate your company for one of the four Technology Fast categories in 2022, be ready to submit:
- Company details (name, address, ABN, contact details)
- CEO and founder details
- A brief description of company and proprietary technology (maximum of 300 words)
- Company logo in high resolution
- Financial information for 2020, 2021 and 2022, or for those companies with calendar year-ends, financial information for 2019, 2020 and 2021.
Note: Deloitte does not audit the nominations and your financial information is kept strictly confidential. Only three year growth rates are published.
Meet the 2021 Tech Fast 50 winners
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We are delighted to announce the Deloitte Technology Fast 50 2021 Australia winner is Monarc Global – the leaders in automated pricing software for aircraft charter. Monarc is the world’s first real-time point of sale pricing engine, arming aircraft operators with the tools to implement a more cost-effective and expedited solution, with real-time prices, live availability and instant booking capabilities. Monarc Global achieved a TF50 record breaking 6,331 percent growth over the three-year period!
Congratulations to all our Technology Fast 50 2021 winners, with a special shout out to the top three, Monarc Global, CitrusAd and Telix Pharmaceuticals.
To see the full list of companies who made the 2021 winners' list, download our report.
We're also excited to announce our 2021 category winners:
Leadership winners – top three: Those Australian tech companies that feature in our Technology Fast 50 list and had revenue over $50m in FY21 are Cettire, Tesserent and Tangerine Telecom.
Technology Female Leadership winners – top three: These are tech organisations who made our Technology Fast 50 list and have been founded or cofounded by a female or currently have a female CEO. We’re delighted to announce that the top three for this year are: Monarch Global, Coviu and Complete Home Filtration.
Rising Star winners – top three: These high-growth nominating companies don’t qualify for the Technology Fast 50 list as they have less than three years existing revenue, but they are our Rising Stars: Athena, Removify and iGreen Data.
To pre-register for the 2022 program, please click here.
Previous winners:
Download our Technology Fast 50 2020 winners' report
Download our Technology Fast 50 2019 winners' report
Download our Technology Fast 50 2018 winners' report
Download our Technology Fast 50 2017 winners' report
Download our Technology Fast 50 2016 winners' report
Download our Technology Fast 50 2015 winners' report
Download our Technology Fast 50 2014 winners' report
Asia Pacific Fast 500 Eligibility criteria
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Nominations for the 2021 Technology Fast 50 are now closed. To see the list of winners, please click here.
Nominations for the 2022 program will open in August 2022. To apply for this Asia Pacific program you must submit your nomination via your local Deloitte Tech Fast program. Pre-register your details here to be notified when the Australian Tech Fast 50 program opens. To find out how to apply via other countries with Asia Pacific, click here.
In order to qualify for the Deloitte Technology Fast 500 Asia Pacific 2021 program, your company must meet the following general requirements and eligibility criteria:
1. Have been in business for a minimum of three full years and be able to provide financial statements for all three full years (each year must be a 12 month period)
2. Be headquartered within Asia Pacific
- Note: Subsidiaries or divisions of companies are not eligible unless they have some public ownership and are separately traded. Companies that are acquired prior to the finalisation of the list are not eligible to participate.
3. Have base-year operating revenues of US $50,000 in the first year of the three years being analysed
4. Own proprietary intellectual property or proprietary technology, sold to customers in products that contribute to a majority of the company's operating revenues
- Owns proprietary technology that contributes to a significant portion of the company's operating revenues
- Manufactures a technology related product
- Devotes a significant proportion of operating revenues to research and development of technology
- Be technology intensive, or use unique technology to solve problems
Note:
1. Using other companies' proprietary technology or intellectual property in a unique way does not satisfy this requirement
2. Consulting companies, professional service firms, resellers, and others are not eligible
Industry Segments
Participants can be public or private, and encompass all technology industry segments, including:
- Hardware
- Software
- Communications
- Media
- Life sciences
- Clean Technology
Tech Fast 50 blog
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Find out what it takes to be a Tech Fast 50 winner by exploring our series of blog interviews with past winners and the Tech Fast 50 Australia Lead.
Is it time to float? Why, when and how to max a Tech IPO
Listing shares through an Initial Public Offering (IPO) on ASX can be a momentous opportunity for growing companies, especially to be part of Australia’s fast-growing S&P/ASX All Technology Index (XTX). We chatted with Sasha Conoplia, Business Development Manager at ASX Listings to get the latest on Australia’s tech sector and discover what it takes to make a successful IPO.
Small enough to dream, big enough to do: why NAB is backing Aussie tech
Sponsoring Tech Fast 50 is just one way NAB supports and champions Australian tech companies. We caught up with Lu Li, Head of Emerging Technology Clients at NAB Corporate & Institutional Banking to find out what it takes to get high-growth companies to the next level, the latest industry trends and innovations and NAB’S $2 billion pledge to emerging tech companies.
Tech is our new normal, disruptors are the future: celebrating 20 years of Tech Fast 50 Australia
Twenty years on, technology has transformed the world and is ingrained in every part of our lives. Tech Fast 50 has been there at every step, celebrating the innovators and disruptors who had the vision, guts and determination to reinvent the world.
How inclusivity, innovation and purpose fast-track growth for Tech Fast winner
Having best of breed technology solutions, an inclusive and innovative mindset and two females at the top has been a winning formula for National Disability Insurance Scheme (NDIS) plan management provider My Plan Manager, who took out our 2020 Female Leadership award. We caught up with CEO Jane Kittel to discover the challenges and secrets behind their incredible growth.
Why potential, not experience, proved a winner for WithYouWithMe
Tom Moore went from working from his kitchen to a global success story in three years. He shares his key actions for building a successful tech start-up.
WithYouWithMe’s Tom Moore shares his business insights
Tom Moore went from working from his kitchen to a global success story in three years. He shares his key actions for building a successful tech start-up.
Risking it all gave Katherine McConnell a Brighte future
Katherine McConnell quit her career and re-mortgaged her home for her start-up dream, but with her money running out, the clock was ticking to get investor backing. Find out what it took to get the money and launch Brighte.
Fast Female winner Katherine McConnell’s business insights
Sustainable home improvement financing company Brighte won the all-new 2019 Tech Fast Female award. Founder and CEO Katherine McConnell shares her key insights into running a successful tech start-up.
Taking his eye off the ball was a winning decision for Tommy Bugg
We caught up with Tommy Bugg, ZOOZ Group co-founder and CEO, on being a budding entrepreneur and what it takes to drive a business – one social media influencer at a time.
Rising Star winner Tommy Bugg’s business tips
Social media and influencer management company ZOOZ won the 2019 Tech Fast 50 Rising Star award. Co-founder and CEO Tommy Bugg shares his three key business tips.
Want millennials? Don’t stich them up, says Afterpay’s Anthony Eisen
We chat to Afterpay co-founder and CEO Anthony Eisen, who tells us how to get millennials on board, why Barack Obama is his top tweet choice and his five key business insights.
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Connecting technology leaders
See the highlights from the 2020 awards night
Connecting technology leaders
Contact Us
For general queries, please email technologyfast50@deloitte.com.au.
For the 2021 report, please Download
