2016 Deloitte Technology Fast 50 Competition in Central Europe
Call for Entries
Deloitte announces the opening of registration for the Technology Fast 50 competition in Central Europe. The preeminent regional competition for companies in the technology sector, now in its 17th year, highlights both established and emerging technology companies in the region.
Deloitte opens registration for the 2016 edition of the Technology Fast 50, an annual ranking of the fastest-growing technology companies in Central Europe. This is the 17th consecutive year that Deloitte have run this programme in the countries of Central Europe (consisting of Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia).
The Central Europe Technology Fast 50 ranks the fastest-growing technology companies based on their revenue growth over a four-year period. For the 2016 ranking, revenues from 2012 to 2015 will be analysed. The competition is divided into 3 categories and 1 special award:
In order for a company to be considered eligible for the main Fast 50 ranking, it must meet following criteria:
- Annual revenues of at least €50,000 in each year between 2012 and 2015;
- Has its headquarters in a Central European country (Albania and Kosovo, Bulgaria, Bosnia & Herzegovina, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, or Slovenia);
- Develops or manufactures propriety technologies or spends a significant amount of capital on research & development;
- Has an ownership structure that excludes majority-owned subsidiaries of strategic entities.
Winners are then selected based on ranking eligible registrants by revenue growth over a four-year period from 2012 to 2015.
In the ‘Rising Stars’ category, Deloitte ranks ‘young’ companies that show great potential but are too young to meet the minimum of four years in operation criteria for the main category. Eligible companies must be in operation at least three years and have to exceed revenues of €30,000 in each of the last three years (2013 – 2015). Otherwise the same criteria apply as for the main Fast 50 ranking.
The ‘Big 5’ category ranks large fast-growing companies that have achieved extraordinary growth in the previous four years. To be eligible, companies must meet the same criteria as the main Fast 50 ranking with the exception of annual revenue in the final measured year (2015), which must exceed €25 million for this category.
Most Disruptive Innovation
The newest addition to the Programme is a special award for the ‘Most Disruptive Innovation’ which recognizes a company that develops a unique and innovative product or provides services that have a revolutionary impact on the market. Only one winner will be selected based on an assessment by an independent jury.
Online registration and eligibility criteria can be found on the regional Technology Fast 50 website at www.deloitte.com/cefast50. Eligible registrants will be entered automatically into the competition known as the Deloitte EMEA Technology Fast 500.
Registration for this year’s ranking will close on 14 August 2016. The ranking will be announced in Q4 2016.