What is Turkey Technology Fast 50?
The Deloitte Technology Fast 50 Program is the ranking of the 50 fast-growing technology companies in Turkey. It includes the following areas of technology: hardware, software, communications, media, life sciences and clean technology.
Is there a fee to nominate a company for the Technology Fast 50?
There is no fee for nomination.
On what information is the Technology Fast 50 listing based?
The Technology Fast 50 ranks companies based on revenue percentage growth over four years, which indicates speed of growth. It is not a measure of current financial performance or profitability.
When did the Technology Fast 50 Program begin?
The Technology Fast 50 Program started in San Jose, the center of Silicon Valley, California in 1995 and quickly became the growth benchmark of success in the USA. They have now expanded worldwide to incorporate 37 countries and regions, including Austria. Belgium, Central Europe, CIS and Russia, Denmark, Finland, France, Germany, Israel, Italy, Ireland, Luxembourg, Portugal, The Netherlands, Norway, Spain, South Africa, Sweden, Turkey, The UK Plus 19 individual programs in the USA alone.
How do companies qualify?
To qualify for the Technology Fast 50, applicants must have been operating for a minimum of four years, with turnover over 50,000 Euros in the first year and 800.000 Euros in the last year of the application period. The parent company must be Turkey owned and its headquarters must be in Turkey. Subsidiaries do not qualify. Each applicant must be a "technology company," which is defined as a company that produces technology, manufactures technology-related products, is technologically intensive or uses technology in problem-solving, and devotes a significant proportion of operating revenues to research and development of technology.
How are the winners determined?
Companies are ranked based on each company's percentage growth of fiscal year revenues over four years. The first 10 companies are ranked and the rest is listed in alphabetic order.
How do companies qualify for "the Big Star Award"?
This category recognizes companies that have achieved € 50.000.000 or more during the last year, 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 Fast 50 Turkey companies that managed to make the shortlist 3 times consecutively in the last 3 years. The fastest growing company among Technology Fast 50 Turkey Program winners will be honored by this special award.
"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