Deloitte launches Technology Fast 50 Program in four markets

Deloitte has launched its Technology Fast 50 Program in four Middle Eastern markets, with the winners of the inaugural edition of the competition to be unveiled coming November. 

The global largest accounting and consulting firm first launched its Technology Fast 50 Program in 1995 in the United States, and over the past twenty-five years the program has expanded to include editions in Europe, Asia, Australia and Canada, among others, helping the program to build a reputation as one of the leading worldwide technology competitions for technology scale-ups. 

Now also active in Bahrain, Qatar, Saudi Arabia and the United Arab Emirates, Deloitte’s Technology Fast 50 Program ranks the 50 fastest growing technology companies in a country, based on percentage revenue growth over four years. To qualify for the competition in these countries, start-ups and scale-ups should have generated revenues of over $250,000 in 2020.

According to Kyriacos Charalambides, High Growth Segment Leader of Deloitte Private in the Middle East, the competition’s objectives are two-fold. For one, “the Deloitte Technology Fast 50 Program aims to showcase the depth and scope of innovation across our region.” 

Second, Deloitte aims to lift the broader technology start-up ecosystem in the four countries to the next level, by facilitating meaningful connections between start-ups, investors and corporates. “The program provides participants with a platform to showcase their leading position in a field of technology, and financial/strategic investors the opportunity to meet businesses that, in time, will help form the future economic bedrock for our region’s development.”

David Stark, Deloitte Private Leader in the Middle East added, “The long-standing success of the program across various geographies has empowered emerging growth companies that have been recognised as Technology Fast 50 winners to gain increased visibility, brand recognition, networking, and further growth opportunities.”

The application process for all four Middle East countries kicked off last week, with the call for participation to close at the end of this month. Winners will be announced in November 2021. Top performers will be handed the opportunity to compete in the Europe, Middle East and Africa (EMEA) Fast 500 ranking.