What is Turkey Technology Fast50?
The Deloitte Technology Fast50 Awards are a listing of the 50 fast-growing technology
companies in Turkey. It includes all areas of technology, from Internet to Life
Sciences, Computers to Semiconductors, Software to Telecommunications.
Can I nominate another company for the Technology Fast50?
Yes, a company may nominate themselves or be nominated by a third-party.
Is there a fee to nominate a company for the Fast50?
There is no fee to nominate yourself or another company.
On what information is the Fast50 listing based?
The Fast50 lists companies based on revenue percentage growth over five years, which
indicates speed of growth. It is not a measure of current financial performance
or profitability.
How long has the Fast50 been in existence?
The Fast50 Awards were started in San Jose, the centre of Silicon Valley, California
in 1995 and quickly became the growth benchmark of success in the USA. They have
now expanded world wide to incorporate 37 countries and regions, including Austria.
Belgium, Centrall Europe, CIS and Russia, Denmark, Finland, France, Germany, Israel,
Italy, Ireland, Luxembourg, Portugal, The Netherlands, Norway, Spain, South Africa,
Sweeden, Turkey, The UK Plus 19 individual programmes in the USA alone.
How do companies qualify?
To qualify for the Fast50, entrants must have been operating for a minimum of five
years, with turnover of over 50,000 Euros in 2006 and 800,000 Euros in 2010. The
parent company must be Turkey owned and the headquartered in Turkey. Subsidiaries
do not qualify. Each entrant must be a "technology company," defined as a company
that produces technology, manufactures technology-related products, is technologically
intensive or uses technology in problem-solving, or devotes a high percentage of
effort to research and development of technology.
How does the programme determine winners?
The Fast50 is based on the percentage of revenue growth over five years for each
technology company. For the 2011 Fast50, companies are listed based on percentage
growth for each company's fiscal year revenues over five years (2006 to 2010).
How do companies qualify for "the Big Stars"?
This category is recognizes companies that have achieved 50.000.000 € or more during
fiscal year 2010 and have more than doubled in revenue growth, demonstrating that
even large companies can remain nimble, posting impressive year-over-year growth.
What is "Deloitte Technology Special Award"?
"Deloitte Technology Special Award" will be presented to the fastest growing
company among Fast50 Turkey companies that managed to make the shortlist 3 times
consecutively. This call is for Technology Fast50 Turkey 2009 and 2010 Winners.
The fastest growing company among Fast50 Turkey 2009, 2010 and 2011 Winners will
be honored by this special award which will be presented during Fast50 Turkey 2011
Awards Ceremony. This category is new to this year’s program and recognizes companies
that have achieved 50.000.000 € or more during fiscal year 2009 and have more than
doubled in revenue growth, demonstrating that even large companies can remain nimble,
posting impressive year-over-year growth.
When is the closing deadline for entries this year?
The closing deadline for entries is June 17, 2011.
"After Ericom was listed as the 6th fastest growing
technology company in Technology Fast50 2010 program,
many Turkish and foreign investors showed interest in our
company. We entered into partnership with a venture
capital firm in the beginning of 2011, and we are planning
an IPO in the latter half of the year. Being part of Deloitte's
Fast50 program helped our company access venture
capital to facilitate our growth."
Ericom – İlker Aydın, CEO