Approaching Application Deadline for the 2014 Deloitte Technology Fast 50 Competition in Central Europe
Deloitte announces the 17th of July 2014 as the deadline for applications for the Technology Fast 50 competition in Central Europe. This is the final opportunity to participate in the preeminent regional competition for companies in the technology sector which highlights both established and emerging technology companies in the region.
This is the 15th (consisting of Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, 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 five-year period. For the 2014 ranking, revenues from 2009 to 2013 will be analysed. The competition is divided into three categories:
In order to be considered eligible for the main Fast 50 ranking, companies must meet the following criteria:
• Annual revenues of at least €50,000 in each year between 2009 and 2013;
• Have its headquarters in a Central European country;
• Develop or manufacture propriety technologies or spend a significant amount of capital on research & development;
• Have 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 five-year period from 2009 to 2013.
In the ‘Rising Stars’ category, Deloitte ranks ‘young’ companies that show great potential but are too new to meet the minimum of five years in operation criteria for the main category. Eligible companies must be consecutive year that Deloitte has run this programme in the countries of Central Europe in operation between three and five years and have to exceed revenues of €30,000 in each of the last three years (2011 – 2013). 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 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 (2013), which must exceed €25 million for this category.
Online registration and eligibility criteria can be found on the regional Technology Fast 50 website at www.deloitte.com/fast50ce. Eligible registrants will be entered automatically into the Europe-wide competition known as the Deloitte EMEA Technology Fast 500.
This is the final opportunity for companies to submit their applications. The ranking will be announced in October 2014.
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