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The fastest growing tech companies in Canada

by Martin · Sep 22, 2006

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:

  1. Westport Innovations
  2. Redline Communications
  3. Airborne Entertainment
  4. RuggedCom
  5. DragonWave
  6. Imaging Dynamics
  7. Tira Wireless
  8. Rutter
  9. Digital Oilfield
  10. 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.

Filed Under: Canada, Technology

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