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Ann Arbor Spark

February 14, 2019

FastTrack Awards: Frequently Asked Questions

Who can receive a FastTrack Award?
FastTrack Awards are presented to “gazelle” companies headquartered in Washtenaw or Livingston Counties. “Gazelles” are defined as high-growth companies that are increasing  revenues  by at least 20% annually for three years or more, starting from a revenue base of at least $100,000. As gazelle  companies  are characterized by their rapid growth pace, rather than their absolute size, they can range in size from small companies to very large enterprises.

How do you apply?
There is a short application to fill out, which asks for basic company information and proof of growth. The application this year is a Google form, available here.

When is the deadline?
May 1, 2019.

What is required to win?
Companies must be headquartered in Washtenaw County or Livingston County to qualify. Each company must have at least $100,000 gross revenue in 2015, with an annual growth of at least 20% for the following three years. The application will ask for three separate years of revenue figures. (2018 revenues must be greater than 2017 revenues.) These can be in the form of federal tax forms (the first page of the annual return) or financial statements prepared by independent accountants.

If a company meets these criteria, they will win a FastTrack Award!

Who reviews the applications?
The FastTrack applications are reviewed by our accounting partner, UHY LLP, whose representatives review the information and determine if the companies meet the criteria. All financial information is kept confidential.

Is there a FastTrack Awards Ceremony?
Yes! On June 10, 2019, we will celebrate the winners of the FastTrack Awards in an evening ceremony as part of the a2Tech360 series of events. 

Further questions? Contact: 

Alex West
Director of Research
Ann Arbor SPARK
alex@annarborusa.org
734-821-0077

 

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