Who can receive a FastTrack Award?
FastTrack Awards are presented to “gazelle” companies headquartered in Washtenaw or Livingston County. “Gazelles” are defined as high-growth companies with a 20 percent increased average revenue for three years, starting from a revenue base of at least $100,000. As gazelle companies are characterized by their rapid growth, rather than their absolute size, they can range in size from small companies to large enterprises.
FastTrack Award winners will be recognized during the award ceremony, part of a2tech360.
Friday | September 20, 2024 | 6 – 8 p.m.
The University of Michigan Golf Course
How do you apply?
Complete a short application that asks for basic company information and proof of growth.
When is the deadline?
July 30, 2024.
What is required to win?
To qualify for the 2024 awards, a company must have had at least $100,000 in gross revenue in 2020, with an average growth of at least 20 percent for the following three years. The application will ask for three separate years of revenue figures. These can be federal tax forms (the first page of the annual return) or financial statements issued by independent accountants or financial advisors.
Example equation:
- 2020 (base year): $100,000
- 2021: $122,000 (22% growth)
- 2022: $156,160 (28% growth)
- 2023: $179,584 (15% growth)
If a company meets these criteria, it will win a FastTrack Award!
Who reviews the applications?
Rehmann is the FastTrack Awards accounting partner and event sponsor. Representatives from Rehmann will review the applications and determine if companies meet the criteria. All financial information is kept confidential and Ann Arbor SPARK never views application materials except for the final winners and percentages (if given permission).
Further questions? Contact:
Jennifer Olmstead
Director of Business Development
Ann Arbor SPARK
jennifer@annarborusa.org
734-845-2843
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