RVC named the leaders of the eighth annual national rating of Russian high-tech fast-growing companies TechUspekh-2019. This year, 110 companies were included in the rating; their total revenue reached 220 billion roubles.
TechUspekh has been formed annually since 2012 and is aimed at finding, monitoring, and promoting promising fast-growing technology companies that have high leadership potential in both the Russian and global markets.
Private high-tech companies older than four can take part in the rating, showing average annual revenue growth of at least 10%–20% over the last five years, and with the amount of revenue in the previous year from 100 million to 30 billion roubles. The primary rating is formed in each subcategory of participants: large companies with revenues from 2 billion roubles up to 30 billion roubles; medium — with revenues from 800 million to 2 billion roubles; small — with revenues of up to 800 million roubles. Three criteria are used to rank companies within the primary rating: fast-growing — in terms of revenue growth; innovative — companies that manufacture high-tech products, as well as in terms of export.
TOP 5 large companies
TOP 5 medium-sized companies
TOP 5 small companies
The best performance among fast-growing companies was demonstrated by the Moscow company Rubetek, which develops smart home technologies (the category of small companies, revenue growth over the past four years — more than 300%), the company Tsifra LLC, which develops and implements technologies for digitalisation of industry (medium-sized companies category, revenue growth of 90%) and the biopharmaceutical company Nanolek LLC (large companies category, 79%).
The most innovative enterprises included TechnoSpark LLC (small companies category), the leading Russian manufacturer of telecommunication equipment for spectral multiplexing, LLC T8 (medium-sized companies category), the developer and manufacturer of integrated circuits of Milandr PKK JSC (large companies category). The innovation indicator was formed based on data on R&D and technological innovation costs, the share of the revenue from innovative products, as well as expert estimates.
The leaders in terms of export volume were the Perm producer of service robots, Promobot LLC (the category of small companies, the export share in turnover was more than 50%), the company for the design and manufacture of power semiconductor devices Proton-Electrotex JSC (the category of medium-sized companies, the export share in turnover was 70%), Perm Chemical Company LLC, engaged in the production of marketable products of fine and specialised chemistry (category of large companies, export share — more than 70%).
The analysis of the companies participating in the rating traditionally allows us to highlight the most striking trends in the development of high-tech businesses in Russia. In 2019, the total revenue of technological 'gazelles' amounted to 220 billion roubles. In terms of the sectorial structure, information technology companies, as well as industrial equipment and engineering demonstrated a steady growth — they amounted to 29% and 23% of the total number of participating companies in the rating, respectively. Over 40% of TechUspekh companies represent the regions of Russia. The main innovative regional centres of the Russian Federation are Kazan, Tomsk, Novosibirsk, Perm, and Kaluga.
55% of the participants in the 2019 ranking are small companies. This may indicate that small business is becoming more high-tech and innovative start-ups — more viable.
Each company included in the rating spends, on average, 17% of its revenue on innovation, and the share of R&D expenditures occupies 14% of the annual turnover. At the same time, in the segment of medium and small companies, in comparison with 2018, there is an increase in R&D expenses. For the latter, growth was 20%, which indicates that the technology business has become more actively invested in innovation to improve product quality. In the meantime, the average share of such expenses in large businesses decreased, which indicates the completion of the development cycle of R&D projects in several large companies.
Among the participants in the rating, 76% of companies are actively engaged in export activities. Export is carried out both to the neighbouring countries and the USA, China, and the countries of Northern Europe. Compared to last year, the number of companies exporting their products to the developed markets of technologically advanced countries has significantly increased.
A specific feature of the 2019 ranking was its focus on identifying fast-growing technology companies that are promising in the context of the new markets of the National Technology Initiative (NTI) and their projects that can be further supported through NTI tools. Among the winners of the rating, 17 companies will be included in the created register of NTI companies.