Wednesday, March 12, 2014

Ready to Rocket Presentation 2014



Here is the briefing provided to investors and advisors of technology companies in Vancouver on March 12th 2014 at Robson Square Theatre. We are getting a lot of traffic today, so the following link may work better:

http://portal.sliderocket.com/ACPRT/Ready_to_rocket_2014_briefing


Rocket Builders Names Top Technology Companies To the “Ready to Rocket” lists for 12th Consecutive Year


Annual list highlights technology trends and those private
BC companies positioned for high growth in 2014.

VANCOUVER, BC – March 12, 2014

Rocket Builders today released its twelfth annual “Ready to Rocket” lists of British Columbia technology companies that are best positioned to capitalize on the technology sector trends that will lead them to faster growth than their peers. Rocket Builders also released results from its lists, with 1 company being acquired and 2 companies graduating from future consideration having achieved greater than $20 million in revenue.

The annual 2014 “Ready to Rocket” lists provide accurate predictions of private companies that will likely experience significant growth, venture capital investment or acquisition by a major player in the coming year. The lists cover 3 different technology sectors:
      Information and Communications Technology (ICT)
      Cleantech (CT)
      Life Science (LS)

The “Ready to Rocket” lists are the only predictive lists of its kind in North America, requiring many months of sector and company analysis.

“The technology sector continues to grow in B.C. and presents a growing challenge to select and identify the most likely to succeed.” said Geoffrey Hansen, Managing Partner at Rocket Builders. “Three elements characterize these ‘most likely to succeed’ high growth firms: a growing market opportunity, a unique competitive position and customer validation of a must-have value proposition.”

“The majority of companies on the Ready to Rocket lists do the majority of their business in the United States,” said Reg Nordman, Managing Partner at Rocket Builders, “Economic growth in the USA was modest (about 2%) in 2013, but is expected to be well over 3% in 2014. This economic boost, along with the weakening Canadian dollar, is expected to give B.C. technology companies a revenue boost next year. In past years when the Canadian dollar weakened, Ready to Rocket companies were able to be more competitive and increase profitability.”

The 2013 Ready to Rocket list for ICT performed extremely well. The median growth rate on that list was 50% growth, with the 6 companies exceeding 75% growth and 3 companies exceeding 100% growth. The majority of companies on the list had between 20% growth and 100% growth, and the list as a whole represented the creation of over 400 jobs (40% headcount growth). The 2014 list will feature 25 companies, and the list can be found here:

“The number of ICT companies in B.C. continues to grow, with a number of high profile accelerators contributing to this trend.” said Steven Forth, Senior Partner at Rocket Builders. “The ICT sector as a whole has been driven by cloud computing, mobile and social trends and technologies, and we see those factors driving many of the B.C. companies. Of particular interest is the trend of the ‘Internet of Things’ and ‘Big Data’ which seems to be influencing some of the emerging companies.”

The 2013 Ready to Rocket list for Cleantech also performed extremely well, with a median revenue growth rate approaching 75%. The Cleantech list companies created over 125 new jobs, representing over 35% employment growth. The majority of companies had between 20% and 100% revenue growth and an impressive 33% of the companies on the list were able to more than double their revenue. The 2014 list will feature 15 companies, and the list can be found here:

According to Dave Thomas, Senior Partner at Rocket Builders, “The Cleantech sector in B.C. is broad and becoming more diverse. Growth rates are better than many other regions of North America. B.C. has strong Cleantech companies across key industrial verticals such as: Clean energy, Oil Sands, Petroleum, Transportation and Construction.

The 2013 Ready to Rocket list for Life Science featured many new investments and key milestones. The 2014 list will feature 10 companies, and the list can be found here:

According to Thealzel Lee, Senior Partner at Rocket Builders, “2013 has seen significant investments in BC’s life science companies. The major trends influencing this sector include evolving regulatory issues, the need for efficiency in healthcare delivery, and the ongoing convergence with IT technologies.”


2014 Life Science Emerging Rockets

The 2014 selections for the Life Science Emerging Rockets list are as follows:

ARC Medical Devices Inc.
Curatio
Kairos Therapeutics Inc.
LightIntegra Technology Inc.
Lungpacer Medical Inc.
Target Tape
NucleusLabs Information Technologies (Canada) Ltd.
Precision NanoSystems, Inc.
Qu Biologics
ReFleX Wireless Inc.
viDA Therapeutics Inc.

2014 Cleantech Emerging Rockets

The 2014 selections for the Cleantech Emerging Rockets list are as follows:

BioVessel Technologies Inc
Clear Metals
Diacarbon Energy Inc
Elix Wireless
Energy Aware Technology Inc.
Etalim Inc.
General Fusion Inc.
Inventys
Kairama Inc
Slipstream Vehicles
Solaris Sun Pump
Switch Materials Inc.

2014 ICT Emerging Rockets

The 2014 selections for the ICT Emerging Rockets list are as follows:

AdvancedIO Systems Inc.
Carburetor
EDP Software
Edutisse
EKA Innovations Inc. (Procurify)
Encepta
Envisio Solutions Inc.
Farm at Hand
Invionics
Metafor Software Inc.
MobSafety, Inc.
Monexa
myBestHelper™ Solutions Inc.
Nugg Solutions Corp.
Optigo Networks
Perch Communications, Inc.
PlaceSpeak Inc
Prosyna Communications Inc
QR Loyalty Systems Inc. (RewardLoop)
Referral SaaSquatch
Spark Integration Technologies Inc
Spire Wireless
TalentClick Workforce Solutions Inc.
Thinkific
TSO Logic Inc.
V7 Entertainment Inc.
Victory Square Games
Warranty Life
Wifarer Inc
WiMatek Systems

2014 Ready to Rocket Life Science List

The 2014 selections for the Life Science Ready to Rocket list are as follows:

Aquinox Pharmaceuticals Inc
Augurex Life Sciences Corp.
Ayogo Health, Inc.
Bionic Power Inc.
DenScope Dental Solutions Inc.
Medeo Corporation
MedGenesis Therapeutix Inc.
MSI Methylation Sciences Inc.
PHEMI Health Systems Inc.
Vanrx Pharmasystems Inc.

2014 Ready to Rocket CleanTech List

The 2014 selections for the CleanTech Ready to Rocket list are as follows:

Aquatic Informatics Inc.
Awesense Wireless Inc.
Axine Water Technologies, Inc.
Bit Stew Systems Inc.
Cooledge Lighting Inc.
dPoint Technologies Inc.
Golden Environmental Mat Services
Minesense Technologies Ltd
Pulse Energy Inc.
Quadrogen Power Systems, Inc.
Rainforest Automation Inc.
S2G Biochemicals Inc
Saltworks Technologies Inc.
SemiosBIO Technologies Inc.
Solegear Bioplastics Inc
Sun Central

2014 Ready to Rocket ICT List

The 2014 selections for the ICT Ready to Rocket list are as follows:

1to1Real Process Technologies, LTD (CMaeON)
BUYATAB Online Inc.
Clio
Collabware Systems Inc.
Colligo Networks Inc
Colony Networks, Inc
ConnectionPoint Systems Inc. (dba FundRazr)
ePACT Network Ltd.
Eventbase Technology Inc (Formerly Xomo Digital Inc.)
Fulcrum Management Solutions Ltd. (Thoughtstream)
iamota Corporation
Kashoo Cloud Accounting Inc
Lambda Solutions Inc.
Payfirma Corporation.
Prizm Media Inc
Recombo Inc
Recon Instruments Inc
Response Tek Networks Corp
Scoop (Trusterra Technologies Inc.)
Simba Technologies Inc.
Star Solutions International Inc
Tasktop Technologies Inc.
Time.ly Network Inc
Voxter
Wishpond Technologies Limited

Thursday, November 14, 2013

2014 Call for Nominations

Have a "hot" growth company in the technology sector you want the world to hear about? Nominate them to BC's 12th Annual "Ready to Rocket" list.


Call for Nominations Poster
Call for Nominations Poster



Rocket Builders is Seeking Nominations for the 2014 "Ready to Rocket" and "Emerging Rockets" Lists. This recognition program will showcase companies in ICT, CleanTech and Life Science sectors and will be presented March 12 2014.

BC is home to many of Canada's most exciting technology companies. Rocket Builders has built a unique methodology for analyzing market trends and using this knowledge to predict revenue growth in the coming year. Each year Rocket Builders publishes lists which profile the BC companies that have the greatest potential in the coming year. This is the first year the list is sponsored by Colliers International, and the second year that the list is sponsored by Espresso Capital, Fasken Martineau, Go Recruitment and PWC as corporate sponsors to enhance the quality of the program. 

The "Ready to Rocket" Lists feature top technology companies that are best positioned to capitalize on the largest growth trends in the technology industry. This upcoming list will be the 12th year of this recognition list.  We expect that companies selected to the "Ready to Rocket" list will outperform the economy and represent important trends that are creating rapid revenue growth. 

We are seeking nominations for the 2014 "Ready to Rocket" lists that we will present on March 12th 2014. Nomination deadline is February 28th 2014, but submission as soon as possible will allow the selection committee more time to consider your nomination. 

What are we looking for in "Ready to Rocket" companies? 

CleanTech Ready to Rocket List for 2014

To qualify for nomination, a company must be beyond the proof of concept stage - customer validation, scalable demonstration project, and established industry relationships.

The selection committee is looking for companies that have the potential for 50% to 100% growth in the coming year, and are in good position to leverage industry trends or key industry partnerships.

CleanTech includes renewable energy (wind power, solar power, biomass, hydropower, biofuels), green transportation, electric motors, green chemistry, lighting, environmental protection (air, water, soil) and any innovation that improves energy efficiency.

Life Sciences Ready to Rocket List for 2014

To qualify, a company must be entering a breakthrough stage in their maturity - customer validation, regulatory approval, and established industry relationships.

The selection committee is looking for early indicators of long-term potential and increasing shareholder value, such as passing key regulatory hurdles and achieving related validation steps.

Life Sciences Technology includes Biotechnology, Pharmaceuticals, Medical Devices, Healthcare Information Technology and other innovations improving health.

ICT Ready to Rocket List for 2014

To qualify for nomination, a company must have more than $500K in revenue and a growing base of customers. 

The selection committee is looking for companies that have the potential for 50% to 100% growth in the coming year, and are in good position to leverage industry trends or key industry partnerships.

ICT includes Information, Communications, Wireless, New Media and Internet technologies.

Nominations

Nominations can be submitted online at http://www.readytorocket.com/p/nominations.html

Please nominate a company even if the company is "too early" to qualify as Rocket Builders also recognizes emerging companies. Many promising companies are too early in commercialization, too early in first revenues, or in transition to new markets or business models. Based on the potential of their technology alone, Rocket Builders recognizes their potential in a "Emerging Rockets" list. These companies represent companies to watch over the next few years and are likely to mature into "Ready to Rocket" companies.

Monday, November 4, 2013

Press Release - Mid Year Review of the 2013 Ready to Rocket List


Growth in BC’s Tech Companies Driven by Investment and Increased Revenue

Rocket Builders Mid Year Review of the 2013 Ready to Rocket List.

VANCOUVER, BC  -  November 4, 2013

Rocket Builders has just completed a mid year review of the 2013 Ready to Rocket List and found that companies on the list are attracting investment and increasing revenue, resulting in job creation and economic benefit for the province.

Ready to Rocket is an annual list of the companies in Information Communications and Technology (ICT), Cleantech and Life Sciences that Rocket Builders believes are most likely to show break out growth in the coming year.  The mid-year review involves contacting all companies on the lists and arranging interviews to gather insights and metrics regarding company growth. The median growth rates are over 30% compared with the previous year's base revenue.

"Our mid-year review of the Ready-to-Rocket companies confirmed that this set of companies is growing and attracting investment. And it is good to see that revenue is growing faster than job creation so the average revenue per employee is going up.” Said Steven Forth, Partner at Rocket Builders.

Six ICT Companies have closed a total of $14,700,000 in investment, most of which was equity.  Revenue per employee in Cleantech is forecasted to grow to an average $171,000 in 2013 from $103,000 in 2012.  Cleantech companies are demonstrating strong, stable growth and this signifies advancement beyond simply early adopters for this sector's technology innovation.

The fastest growing companies are those that are focusing on a more precise target market.  There is also a relation between simplicity of business model and ability to grow: the simpler the business model the easier it is to focus, execute and grow.  Complex business models can generate very valuable companies, but generally take more time and capital to execute.  The best performers on the Ready to Rocket list have in common a valuable management technique – they have managed their business decision making with analysis of business metrics, and benefit most from a single key business metric specific to their business model.

Reg Nordman, co-author, Managing Partner at Rocket Builders states, "These Ready to Rocket companies remain fast growing and attract significant investment. Having a tight focus on their markets with simple business models appears to be part of a winning strategy."

Virtually all of the companies in Ready-to-Rocket are focused on the US market for their revenue growth.





Contact Rocket Builders (rnordman@rocketbuilders.com) for access to more metrics.