Deloitte, the largest professional services network in the world, invites all technology companies to apply for the Central Europe Fast 50. The “Technology Fast 50 CE 2022” is a competition that aims to select the 50 fastest growing Central European technology companies. The deadline for applications is August 31, 2022. Apply here.
Who can apply?
Deloitte’s Fast 50 program in Central and Eastern Europe ranks the 50 fastest growing technology companies, whether public or private. The ranking is based on the average growth that each company has achieved over a period of 4 years. This includes all companies operating in the following (or related) industries:
- environmental technologies
- pharmaceutical industry
- media and entertainment
In order to form the scale for 2022, Deloitte will analyze the revenues generated by the registered companies from 2018 to 2021.
Fast 50 2022: Categories and criteria
In order for a company to qualify for the ranking, it must meet several criteria:
- annual revenues of at least €50,000 in 2018, 2019 and 2020 and 100,000€ in 2021;
- business headquarters in Central and Eastern Europe (Albania, Bosnia and Herzegovina, Montenegro, Bulgaria, Czech Republic, Estonia, Croatia, Kosovo, Latvia, Lithuania, Hungary, Moldova, Poland, Romania, Northern Macedonia, Slovakia, Slovenia, and Serbia);
- development of own technologies or a significant amount of capital spent on research and development;
- ownership structure that does not include subsidiaries majority owned by strategic entities.
The companies would be assigned to a few categories – rising stars, companies with the greatest future, and such with the most positive influence. The Rising Stars category includes and ranks young companies that do not yet meet the criteria to enter the main competition to select the 50 fastest-growing technology companies.
In the category of Stars with the highest growth, the order of companies that have proven natural growth in a period of 3 years is determined. The companies in that category shall:
- operate for a maximum of 3 years, ie be established by January 1, 2019;
- have protected intellectual property or protected technology, which sells to customers in the form of products that contribute to the majority of the company’s revenue;
- have protected technology that contributes to a significant part of the company’s revenue;
- have basic operating income of at least €10,000 (2019) and operating income of at least €30,000 in the current year (2021)
- be based in Central and Eastern Europe (Albania, Bosnia and Herzegovina, Montenegro, Bulgaria, Czech Republic, Estonia, Croatia, Kosovo, Latvia, Lithuania, Hungary, Moldova, Poland, Romania, Northern Macedonia, Slovakia, Slovenia, and Serbia).
The special category this year is Stars of Positive Influence. Those interested in applying in this category should fill out an additional questionnaire. Positive impact stars are a special category that recognizes companies that successfully combine excellent products/services with a positive impact in at least one of the following areas: society, business, innovation, environment and diversity. Those interested in applying in the Star of Positive Influence category must sell a product and/or service with an impact. Detailed instructions you can find here.