Eligibility criteria

Technology Fast 50^TM program companies—small, large, public, private—span a variety of industry sectors and are leaders in hardware, software, telecom, digital media, and emerging areas such as clean technology. Awards are presented in four distinct categories that characterize and define the unique strengths of Canadian innovation.

Applicants in all categories of the Technology Fast 50 program must:

• Have invested a minimum of 5% of gross revenues in R&D in 2023
• Be headquartered in Canada or Canadian-controlled, with both management and research and development (R&D) teams also located in Canada
•  Own proprietary intellectual property or proprietary technology that is sold to customers in products or services that contribute to a majority of the company’s operating revenues. A majority, greater than 50%, of the company’s operating revenues must be derived from product or services sales that incorporate the company’s proprietary technology, exclusive of related service revenue.
  
  • Using other companies’ proprietary technology or intellectual property in a unique way does not satisfy this requirement.

• Participate in one of the following sub-sectors:
  • Biotechnology/pharmaceutical
  • Energy tech
  • Clean Technology
    
  • Communications/networking
  • Digital content/media/entertainment
  • Electronic devices/hardware
  • Medical devices
  • Semiconductor
  • On-premise software & SaaS (artificial intelligence, cloud services, consumer software, data analytics, digital platforms, enterprise software, enterprise infrastructure and productivity, fintech, health technology, internet of things, mobile, security, social networking, etc.)

Applicants to the Technology Fast 50 category must:

• Be able to prove minimum revenues of $50,000 in 2020 and $5 million in 2023
• Have been incorporated for at least four years from December 31, 2019
  

Applicants to the Enterprise-Industry Leaders category must:

• Be able to prove minimum revenues of $10 million in 2020 and $50 million in 2023
• Have been incorporated for at least four years from December 31, 2019
  

Applicants to the Clean Technology category must:

• Be able to prove minimum revenues of $50,000 in 2020 and $5 million in 2023
• Have been incorporated for at least four years from December 31, 2019
• Have a majority of revenues come from products or services that have a positive environmental impact in the following areas:
  
  1. Carbon emissions reduction potential
  2. Resources circulation (reduce, reuse and recycle)
  3. Environmental preservation and safety

Applicants to the Companies-to-Watch category must:

• Be able to prove minimum revenues of $50,000 in 2021 and $2.5 million in 2023
• Have been incorporated for at least three years from December 31, 2020

The Technology Fast 50 program and Technology Fast 500^TM program are sister programs that share applicant information to streamline the process for applicants, but primarily operate independently from one another. Companies that submit an application for the Technology Fast 50 program will automatically be considered for the Technology Fast 500 ranking if minimum revenue requirements are met, unless the option to opt out is selected.

To be eligible for the North American Technology Fast 500 program, companies must:

• Meet the same eligibility requirements as the Technology Fast 50 program
• Submit their application to the Technology Fast 50 program
• Be able to prove minimum revenues of US$50,000 in 2020 and US$5 million in 2023
• Have been incorporated for at least four years from December 31, 2019

Please note: Consulting companies, professional service firms, resellers, and others are not eligible.

Companies may only apply to one category. Deloitte reserves the right to change a company’s category based on the information provided in the application.

Companies must be operating in good standing: Deloitte reserves the right to disqualify any company undergoing criminal or regulatory investigation, or any other public complaint, that might discredit the Technology Fast 50 program or Deloitte, at our sole discretion.

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