Last week we promised to return to the Deloitte Technology Fast 500 competition to share some more interesting data. For example, the study shows what industries and countries were able to produce more growth companies. The companies are split into 8 different industries, which are telecommunications/networking, computers/peripherals, software, internet, greentech, media/entertainment, biotech/pharmaceuticals/medical equipment and semiconductors/components/electronics. Although the competition was EMEA wide, most of the companies come from Central and Western Europe.

First set of data we have for you is the average growth rates for the top 5, top 10, top 50, top 100 and top 500. The figures differ quite a bit, but show the scale it takes to make the list. The top 5 and top 10 are naturally in their own range, but it’s astonishing that the average growth rate for the 500 companies is still almost 1200% over a five year period.



Second set of data we have shows the distribution of the 500 companies across the 8 different industries. This is an interesting graph as it shows the potential per industry. It isn’t a suprise that software and internet industries top the graph.

Thirdly, we have the amount of growth companies in the competition per country of origin. France takes the top spot with 94 companies in the Deloitte’s Tech Fast 500. According to the Deloitte data, Sweden was the country that grew most in terms of companies in the top 500 from last year while Germany was the biggest loser with 12 companies less compared to 2009.



Finally, we have a table of data with the amount of top 500 companies from the countries over the last 5 years. By looking at the average figures, we’re able to understand which countries continue to generate fast growing companies on a consistent manner. The averages for the Nordic and Russia are as follows.

  • Denmark – 4.2 companies
  • Finland – 23.2 companies
  • Norway – 45.2 companies
  • Russia – 3.8 companies
  • Sweden – 48.6 companies

It is worthwhile to remember that the companies are entered into the competition on a voluntary basis and thus does not completely represent the ability of each country to create growth companies.


While there are certainly gaps in the data Deloitte’s annual competition covers, it is one of the most comprehensive views into the European growth company ecosystem.