The 2006 “Fast 50”
Deloitte published its annual list of Fast 50 winners a couple days ago (press release). The full list can be found in Simon Avery’s Globe and Mail article. Here are the top ten winners:
- Westport Innovations
- Redline Communications
- Airborne Entertainment
- RuggedCom
- DragonWave
- Imaging Dynamics
- Tira Wireless
- Rutter
- Digital Oilfield
- Elluminate
Under-funded nation
The article points out that the level of Canadian venture capital investment today is down to about $1.7 billion from $5 billion in “the boom days of 2000”. According to Deloitte, more than half of the Fast 50 are self-funded and receiving no venture capital support.
“As a nation, Canada is under-funded from a VC perspective, and it’s exacerbated by the tech downturn.”
David Ferguson, managing general partner of VenGrowth Private Equity Partners Inc.