fast50-faq

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Frequently asked questions

2017 Technology Fast 50

For more information about the programme, eligibility requirements, and the application process, please consult the below FAQs.

What is Deloitte’s Technology Fast 50?

Deloitte’s Technology Fast 50 is a ranking of the country's 50 fastest-growing technology companies, based on percentage revenue growth over the last four years. This programme for companies that have developed a technology related product celebrates innovation and entrepreneurship. Companies that are active in the technology sector for less than four years may be eligible to participate in the special Rising Star category of the competition.

Nominations are open to public and private companies, large and small, in all areas of technology, from software to life sciences, hardware to clean technology and media to communications.

Why participate in the programme?

  • Boost brand reputation
  • Network with Fast 50, start-up and investor community
  • Interesting keynotes
  • Exchange ideas and best practices
  • Product/service exposition (booth) and pitch to corporates
  • Press attention (get more recognition in the market)

 

What are the entry criteria?

Eligibility criteria for the Fast 50 and Rising Star programme can be found here.

 

Are the eligibility requirements for 2017 the same as in 2016?

Yes.

 

What industry category must a company be classified in to enter Fast 50?

  • Software
  • Hardware
  • Communications
  • Media
  • Clean Technology
  • Life Sciences

Every applicant must fall under one and only one category to participate.

For more information about the categories and subcategories click here.

 

How is the Fast 50 ranking and revenue growth calculated?

Award winners are determined based on the fiscal year percentage revenue growth over a defined period. Because the programme ranks companies based on fiscal year revenues, it is an indication of past growth. It does not take into account current performance or profitability.

For the 2017 edition, companies are ranked based on fiscal year revenue growth from 2013 to 2016. The percentage revenue growth is calculated by subtracting year one revenue from year four revenue, divided by year one revenue.

 

How is the Rising Star winner selected and what is the process?

In the Rising Star competition, the key is revenue potential rather than revenue growth.

The Rising Star participants will be invited to submit a well-developed business plan and come to the Deloitte headquarters in Zaventem on 18 October 2017 for a two-minute elevator pitch. The jury of Deloitte industry experts presided by Duco Sickinghe will then select 10 Rising Star candidates, based on the company data and pitch (scalability, experience, management team expertise and highly promising growth). The list of the 10 nominees will be announced at the end of October. They will receive an invitation to present their final pitches to an external jury of industry experts. The Fast 50 and Rising Star winners will be announced that same day at the Awards Ceremony on 14 November 2017 in Brussels.

 

Are revenues published?

No. The Fast 50 programme will disclose percentage revenue growth but will not disclose current- and base-year revenue amounts. Participants will be required to provide revenue proof to Deloitte

 

How many years has the Fast 50 been running?

Fast 50 was launched in the US in 1995 and quickly expanded worldwide. The Belgian Technology Fast 50 programme is now in its fourth year; from 2008 until 2013 it was organised together with the Netherlands.

 

How much does it cost to enter?

It’s free - there is no registration fee.

 

What is the closing deadline and when are the winners announced?

Nominations close on Friday 15 September 2017. The winners will be announced at the Awards Ceremony in Brussels on Tuesday 14 November 2017 and then to the public, press and on the Fast 50 site on Wednesday 15 November.

 

I’ve entered in previous years, can I use last year’s registration?

No, due to Data Protection Standards information from previous years' registration is not stored. Entrants are required to create a new account and complete a new registration for the 2017 programme.

 

Do all entrants have to be publicly held?

No, but private companies must provide financial information and supporting documentation such as financial statements.

 

Does the application form have to be completed online?

Yes. Applications may only be submitted online.

 

Can the online application form be saved and completed at a later time?

Yes, the application form can be saved and later. Detailed instructions on how to complete the form can be found here. We strongly encourage you to review this document prior to completing the application form.

 

How will we know the online registration form was received by Deloitte?

The applicant will receive an automated email notification indicating that the online application was received by Deloitte.If you still have questions about your application form please email befast50@deloitte.com.

 

How do I enter the Fast 500 EMEA?

To enter the Fast 500 EMEA programme you need to register via your local country programme (i.e. Belgian Technology Fast 50). Unless otherwise requested, all qualifying entrants to the Belgian Technology Fast 50 will automatically be entered into the Fast 500 EMEA.

 

Does the programme use social media?

Yes. We promote our programme, nominees and winners on our different social media channels. We invite you to follow us and share your experiences via Facebook (@Deloitte Belgium and @DeloitteAccountancy), Twitter (@Fast50BE and @DeloitteBelgium, #fast50be).

 

Who do I contact for further assistance?

Please email befast50@deloitte.com with any questions you may have about the programme. We will get in touch with you within the briefest delay.

 

When will the Awards Ceremony take place?

The 2017 Technology Fast 50 Awards Ceremony will take place on Tuesday 14 November 2017 at The Egg in Brussels.

 

How can I register for the Awards Ceremony?

The Awards Ceremony is an invitation only event. Fast 50 and Rising Star nominated companies are entitled to bring up to four people free of charge. Non-nominated companies can bring up to two people free of charge. The cost for additional guests is 150 euros per person. All the registration details will be included in the invitation.

 

Who will be attending the event?

The Fast 50 and Rising Star nominees, alumni and non-nominated companies will be at the Awards Ceremony, as well as the Rising Star jury, incubators, private equity firms, corporates and representatives from the investor and start-up communities.

 

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