Deloitte Central Europe launched the registration session for the Technology FAST 50, an annual competition which recognizes and ranks the fastest-growing technology companies in the region. Registration for this high-profile regional and industry awards competition is open until July 15.
Deloitte Central Europe Technology FAST 50, now in its 14th edition, ranks the fastest growing technology companies in the region, based on the growth rate of the revenues they have experienced over the last five years (2008 – 2012). Entrants must also own intellectual property that significantly contributes to the company’s operating revenues; or they must devote a significant portion of revenues to research and development of technology.
The Deloitte Central European FAST 50 ranks companies from the Czech Republic, Hungary, Latvia, Estonia, Poland, Slovakia, Bulgaria, Romania, Serbia, Croatia, Slovenia, Bosnia and Herzegovina and Lithuania.
The program also looks into Rising Stars (a category for young companies that show great potential but are yet new to meet the minimum of five years in operation criteria for the main category). Eligible companies must be in operation between three and five years and have to exceed revenues of 30,000 Euro in each of the last three years (2010 – 2012). Otherwise the same criteria apply as for the main FAST 50 ranking.
Separately, the Big 5 category ranks large fast-growing companies that have achieved extraordinary growth in the previous five 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 (2012), which must exceed 25 million Euro for this category.
Online registration and eligibility criteria can be found on the regional Technology FAST 50 website, www.deloitte.com/fast50ce. As in previous years, finalists will be entered automatically into the wider competition known as the Deloitte EMEA Technology FAST 500.