Russia’s Top 50 Fast-Growing High-Tech Companies
MOSCOW, November 19, 2013 /PRNewswire/ –
The second TechUp ratings for Russia’s fast-growing high-tech companies have been
published. “TechUp-2013″ was organized by RVC in partnership with the Association of
Innovative Regions of Russia (AIRR), Vnesheconombank (VEB) and the PwC audit and
The rating started in 2012 to determine Russia’s most dynamic innovation and
technology companies. In 2013, PwC developed the methodology. Companies meeting the
following criteria were assessed:
- revenues of 100 million to 10 billion rubles - average annual revenue growth of at least 15% - average expenditure on R&D and technology innovation of 2-10% of revenues.
The rating only included companies which exceeded the average performance levels for
their respective sectors over the past three years. Further key criteria could include the
successful market launch of at least one new product or service based on the company’s own
intellectual developments or raising at least 30% of revenues from sales, depending on the
Russia’s technological development is reflected by the companies represented in the
study: 36% of them are ICT companies, 32% work in mechanical, instrument and electrical
engineering. Some 18% work in pharmaceuticals and medical devices, 8% are involved in
chemistry and environmental protection and 6% represent construction and materials. The
rating collected data on more than 100 Russian tech companies.
The companies in the “TechUP-2013″ Top-50 have a combined revenue of 67.131 billion
rubles and an average growth rate 71.9%. Their collective spend on R&D was 5.644 billion
rubles, representing 8.4% of their total revenue. Their expenditure on technological
innovations totaled 11.472 billion rubles, or 17.1% of their revenue.
Top-10 largest companies (by revenue)
- INTERSKOL - I.T. Group Co. - Armada - NIPK ELECTRON . - Metran Industrial Group - PROGNOZ - Biocad Biopharmaceutical Company - ELAR (Electronic Archive Corp.) - GEROPHARM - Medical Technologies Ltd.
Top-10 fastest-growing companies (by revenue growth rate)
- Energy saving automation center - Institute of Environmental Design - TION - Danaflex-Nano - SMART SOLUTIONS Software Engineering Company - Research and industrial enterprise NIIPAV - BARS Group - 8 LLC. - Astrafarm pharmacy - Open code
Top-10 most innovative companies (by technology level, originality, intellectual
property, and investment in R&D).
- Alawar entertainment - SMART SOLUTIONS Software Engineering Company - LLC Research & Production Enterprise PRIMA - Astrafarm pharmacy LLC. - Human Stem Cells Institute - Laser Systems Company - Speech Technology Center - Diakont - NIPK ELECTRON . - ObninskEnergoTech
Detailed information about the rating is available at
Contact information: Open Joint-Stock Company "RVC" Yulia Davydova +7(495)777-01-04 ext. 355 email@example.com
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SOURCE Open Joint-Stock Company “RVC”