Article

Categories and eligibility criteria

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

Categories

Enterprise Fast 15
This leadership category recognizes enterprise-level fastest-growing technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation. The category identifies the top 15 companies with a minimum revenue of $10 million in 2017 and a minimum revenue of $25 million in 2020.

Technology Fast 50
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. The winning companies must be able to prove minimum revenues of $50 thousand in 2017 and $5 million in 2020.

Companies-to-Watch
The companies to watch category highlights Canadian technology companies with the potential to be future Technology Fast 50 candidates. The winners of this year’s companies to watch category must have a minimum of $50 thousand in 2018. 

Clean technology
This category is a ranking of Canada’s top clean innovators providing processes, goods or services that reduces environmental impacts. The companies will be ranked by their revenue-growth percentage over their last four years of operation. The winning companies must be able to prove minimum revenues of $50 thousand in 2017 and $5 million in 2020.

North American Technology Fast 500
This ranks the 500 technology companies in the United States and Canada that post the highest revenue-growth percentage over their last four years of operation. Revenue is measured in USD and not CAD.

Eligibility

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, 2017)
  • 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 2017 and $5 million in 2020. (Revenues to qualify for Fast 500 must be US$50,000 in 2017 and US$5 million in 2020.)
  • Participating 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
    • Software sub-sectors:
      • Artificial Intelligence
      • Cloud services
      • Consumer software
      • Data analytics
      • Digital platforms
      • Enterprise software 
      • Enterprise infrastructure & productivity
      • Fintech
      • Health Technology
      • Internet of Things
      • Mobile
      • SaaS
      • Security
      • Social 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 2017 and a minimum revenue of $25 million in 2020.

Eligibility in the Comapanies-to-watch category requires applicants to meet the same criteria as for Technology Fast 50 nominees except they must show a minimum revenue of $50 thousand in 2018, and have invested a minimum of five percent of gross revenues in R&D.

Eligibility criteria for companies applying to this Clean Technology category will be the same as Fast 50; the majority of the company’s revenues MUST 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

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 2017 and US$5 million in 2020.

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.

Did you find this useful?