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Categories and eligibility criteria

23 years of celebrating Canada’s fastest-growing technology companies

Categories

Technology Fast 50™ ranking
This category is a ranking of Canada’s 50 fastest-growing technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation.

Enterprise Fast 15
This leadership category recognizes fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation. It’s open to companies that recorded a minimum revenue of $10 million in 2016 and a minimum revenue of $25 million in 2019.

North American Technology Fast 500™ ranking
This ranks the 500 technology companies in North America that post the highest revenue-growth percentage over their last four years of operation.

Companies-to-Watch awards
This category highlights Canadian technology companies with the potential to be future Technology Fast 50 candidates.

Eligibility

Is your company a Fast 50™ contender?

Technology Fast 50™ and North American Technology Fast 500™ applicants must be:

  • In business for at least four years (on or prior to December 31, 2016)
  • Headquartered in Canada or Canadian-controlled, with both management and research and development (R&D) teams also located in Canada
  • Investing a minimum of five percent of gross revenues in R&D.
  • Generating a significant proportion of operating revenue via proprietary technology and/or intellectual property (see the FAQ section for the definition)
  • Able to prove minimum revenues of $50,000 in 2016 and $5 million in 2019. (Revenues to qualify for Fast 500™ must be US$50,000 in 2016 and US$5 million in 2019.)
  • Participating in one of the following sub-sectors 
    • Biotechnology/pharmaceutical
    • Energy tech
    • Communications/networking
    • Digital content/media/entertainment
    • Electronic devices/hardware
    • Medical devices
    • Semiconductor
    • On-premise Software & SaaS
    • Software sub-sectors:
      • Artificial Intelligence
      • Cloud services
      • Consumer software
      • Data analytics
      • Digital platforms
      • Enterprise software 
      • Enterprise infrastructure & productivity
      • Fintech
      • Internet of Things
      • Mobile
      • SaaS
      • SecuritySocial 
      • Networking

Eligibility in the Enterprise Fast 15 category requires applicants to meet the same criteria as for Technology Fast 50™ nominees except they must have a minimum revenue of $10 million in 2016 and a minimum revenue of $25 million in 2019.

To be eligible in the Companies-to-Watch category, applicants must meet the same criteria as for Technology Fast 50™ nominees except for those related to revenue and the number of years in business.

Eligibility in the Fast 500 category requires applicants to meet the same criteria as for Technology Fast 50™ nominees except that the revenue is measured in USD and not CAD. Revenues to qualify for Fast 500™ must be US$50,000 in 2016 and US$5 million in 2019.

The future won’t wait—neither should you. If you have what it takes to claim a leading spot among Canadian technology innovators, apply today for the Fast 50™ program.

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