Technology Fast 50 for Central Europe, a program organized by the international consulting company Deloitte, accepts applications by start-ups and developed technology companies until July 31. The applications must be completed online form on the Technology Fast 50 website. The ranking of technology companies is based on the revenue growth over the past 4 years – from 2013 to 2016. The applications will be processed by September 31 and the announcement of the list of Central Europe’s 50 best companies will be on October 12.
Bulgarian companies will compete with businesses from Albania, Bosnia and Herzegovina, Estonia, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Poland, Romania, Slovakia, Slovenia, Serbia, Hungary, Croatia, Montenegro and the Czech Republic. Applicants may compete in three categories. The main category, “Fast 50”, ranks companies with at least EUR 50 000 in revenue for each year of the reviewed period. Well-established businesses, with more than EUR 25 000 000 in revenue, will compete in the “Big 5” category. The “Rising stars” category recognizes companies at an early stage of development but with a minimum of 3 years and annual revenue of over EUR 30 000. There is also a special award – “Most disruptive innovation”. This category was opened last year and now will rank for the second time the companies that develop innovative products or services that have a revolutionary impact on the market. For this category, revenues for the previous four years are not relevant. The award is given to organizations that are pioneers in a particular idea or development and its implementation. The first company that was awarded in this category in 2016 was Polish HiProMine, which uses technology based on the natural ability of various insects to process waste organic matter.
In 2016, a total of 261 applications were submitted for Technology Fast 50. Bulgaria’s finalist became Bulpros Consulting AD, which ranked 24th in the main Fast 50 ranking, with a growth rate of 560% for the four-year assessment period. Bulpros Consulting creates and develops software products, provides cloud services, develops web and mobile applications. The company’s profile can be found in the pdf file of the top list of the 50 companies for 2016.