The fastest growing technology companies, leaders of TechUspekh 2015 national rating, have been announced


The fastest growing technology companies, leaders of TechUspekh 2015 national rating, have been announced

On October 28, during Open Innovation Moscow International Forum, the winners of TechUspekh, fourth national rating of Russian high-growth companies, were announced. According to the rating results, the technological "gazelles" made a breakthrough last year in terms of revenue growth: if in 2013, the growth of the total revenues was 18%, in 2014 it reached 35%. TechUspekh Rating is held annually on the RVC initiative in order to find and promote the most promising high-growth technology companies that develop and deliver innovative products and technologies on the Russian and foreign markets. RVC's partners in rating generation are the Higher School of Economics, SME Bank and PwC, that has developed a methodology for the companies assessment on the basis of their international experience.


This year, 60 companies were chosen for the rating from 250 applicants after they have passed qualification-based selection. According to the criteria, a company of not less than 4 years with an average annual revenue growth of at least 15% over the past 3 years and the amount of revenue from 100 million to 10 billion rubles over the last year can become a rating participant. But the company's main achievement must be the launch on the market of at least one unique product developed on the basis of its own or acquired R&D results. Moreover, the R&D costs in the company must be not less than 5% of total revenues. Thus, the rating includes only the companies that have been demonstrating stable indicators above average over the past three years in their industry.

According to the analysis of data provided by the TOP-50 rating participants, in spite of the economic crisis, the revenues of the technology "gazelles" grew by 35% in general compared to the previous year: from 58.1 billion rubles to 78.2 billion rubles. In terms of one company, average amount of the revenues amounted to about 1.6 billion rubles. Their total expenses on technological innovations rose by 19% to reach 19.1 billion rubles. Each company spends on the average about 26% of its revenues on technical innovations, the share of R&D expenses makes 12% of the annual turnover. The average age of the company is 19 years, the average number of employees exceeds 500 people.


Rating TOP-50 sectorial affiliation is as follows: almost 50% of the rating participants represent mechanical engineering, electronics and instrumentation, industrial equipment, industry. These companies' revenues amounted in 2014 to 33.2 billion rubles; for the last three consecutive years, they have increased the turnover by 35%. Pharmaceutical companies were ranked second as per their revenues - their revenues total volume amounted to 16.8 billion rubles. Namely, the greatest revenues growth for 2012-2014 was shown by the chemical industry companies (38%).

As it was last year, the most successful companies can be divided into three main categories: TOP-10 largest companies (amount of revenues), TOP-10 fast-growing companies (revenues growth rates) and TOP-10 innovative companies (where technological level of the products, their novelty, intellectual property of the companies, expenses on R&D and technological innovation were assessed). The rating leader is "Biocad" Pharmaceutical Company, based in St. Petersburg manufacturer of innovative medicines to cure cancer and autoimmune disease. Last year rating participant, this company managed to increase revenues for 2014 in more than 2.5 times and move from the 10th position in the rating to the 1st place in the TOP-10 largest companies.


The leader in terms of revenues growth rates became the Company "Leader compound" from the Republic of Mordovia, which has managed to increase its profitability in 8 times for three years. Due to its innovative developments, the Russian market saw a new material for insulation of up to 35kV voltage cables, which earlier could be only imported.

The first place in the top ten most innovative companies belongs to Kaluga Technology ONPP named after A.G.Romashin. The enterprise's flagship technological and design solutions allow improving missile and aerospace, aviation and other high-tech equipment and machinery. For the first time in national practice, the technology for manufacturing large-sized heavy duty aircraft components of carbon fibre for the tail assembly of MS-21 aircraft has been developed.


In 2015, an additional nomination was established – the TOP-10 companies with a high export potential. According to the rating analysis, more than 60% of the companies export their products to foreign markets. However, in the eyes of the rating experts, the highest export potential belongs to PCC LLC (Perm Chemical Company). The company produces fine and specialised chemicals that are used in microelectronics, for the synthesis of pharmaceuticals and plant protection products, in the diamond mining industry, glass industry, etc. About 80% of the PCC production is exported to the Asia-Pacific Region, the United States and Europe.

The complete list of companies included in the rating, as well as their key performance indicators can be found at the rating web site

Following the rating results, RVC conducts together with Higher School of Economics an analytical study based on the survey of the companies participating in the rating in the past 4 years and interviews with the companies' executives. Such analysis allows identifying companies' best practices, development strategy, showing key barriers to their development and defining the most effective measures of state support.

According to the preliminary data provided by the HSE experts, the absolute majority of companies (90%) consider it possible and tend to move within the next 5 years to a new level of development. It can be seen, primarily, in the development of innovative products (60%), multiple revenues growth (49%) and in their leading positions in the Russian market (42%). About a half of them (45%) assign themselves an objective to settle within the next 5 years in the global market, namely, 18% believe that they have a chance to become one of the world market leaders in their niche.

According to the survey results, most of the companies (78%) are already operating on the foreign markets. On the average, the exporters supply 10% of their products to the foreign markets, where the export share exceeds half of their revenues for 9%. The main export destination is the CIS countries (for 90% of the companies), almost half of the rating participants (48%) sell in the developed countries markets, about 40% of them work in the developing countries.

The companies acknowledge that they are actively using the state support for their development - 77% received it in one form or another."However, the effectiveness of state support was proven by only 17% of the respondents, whose development accelerated. In the future, they would better expect from the state not the direct funding, but proper conditions for taking loans on reasonable terms", – said Dan Medovnikov, Director of the HSE Institute for Innovations Management.


Igor Agamirzyan, RVC CEO, said: "The rating has successfully evolved for a short period of time. And if it was originally conceived as a tool for market positioning of the most successful companies and building their brands awareness, so now "TechUspekh" is also an indicator of innovative businesses development in the country: a reflection of trends and companies real situation in the market. There are a lot of ratings involving the same companies year after year, but it does not reflect at all, for example, the dynamics of their businesses' growth. But the "TechUspekh" leaders demonstrated the annual revenues growth by 25-30% on the average even during the periods of a general slowdown in the traditional economy sectors. It is obvious that during the crisis, the only alternative to the economic development in Russia can be the focus on technologies and those companies that have learned to turn them into a sustainable development and create new jobs. These very companies can become not only a driver of Russian innovation economy development, but also active participants in the design of a strategic technological leadership of our country in the global market".

"A distinctive feature of this year's rating is involvement of a large number of new companies. It points to the fact that difficult economic conditions open up new business opportunities. In addition, another good news is that this year's rating participants are investing more in innovation activities and R&D, that allows us speaking about the real prospects of the development of Russian technology industries", – says Alina Lavrentyeva, Partner, Head of the Department of Advisory Services to Private Companies in PwC Russia.

Maxim Skochko, Deputy Chairman of SME Bank, noted that among all the companies participating in the TechUspekh rating, almost 10% got support under the SME Bank program. "In current conditions, the support of technology and export-oriented SMEs is one of the most effective tools for Russian economy transformation, which is able to bring it to a totally new level of competitiveness. We have been funding high-tech companies on favourable terms since 2010 and we currently keep on developing and introducing special loan products in order to support such SMEs", – said Maxim Skochko.

RVC OJSC is a state fund of funds, development institution of the Russian Federation, and one of the key tools of the state in creating national innovation system. The authorized capital of RVC is more than 30 billion rubles. RVC's capital is owned in full by the Russian Federation represented by the Federal Agency for State Property Management of the Russian Federation (Rosimushestvo). The total number of funds formed by RVC has reached 22 with the aggregate size of 30.3 billion rubles. The share of RVC is 19.3 billion rubles. The number of innovative companies approved for investment by RVC funds has reached 182. The total amount of invested assets has reached 16.9 billion rubles. Since 2015, RVC OJSC has been defined as a project office for implementation of the National Technology Initiative (NTI) - the long-term strategy of the country's technological development, aimed at formation of new global markets by 2035.

Higher School of Economics (HSE) is a research university that carries out its mission through research, education, project, expert-analytical, and socio-cultural activities based on international scientific and organizational standards. Its activities are based on theoretical empirical study and dissemination of knowledge. HSE, it means 4 campuses, 2500 teachers, 25000 students, 35000 graduates.

SME-Bank is an Open Joint-Stock Company "Russian Bank for Support of Small and Medium-sized Businesses" (SME Bank JSC, previously SME Bank OJSC, previously RosBR OJSC) established in 1999. Development of small and medium-sized enterprises (SMEs) in Russia through financing of SMEs in accordance with national priorities and targets set by Bank for Development and Foreign Economic Affairs. SME Bank is a subsidiary of Bank for Development and Foreign Economic Affairs founded in 1999. The Bank is a public resources guide for small and medium-sized businesses throughout the country, including in the areas with difficult social and economic situation and in monotowns. The Bank activities are focused on support of the priority points of growth in SME segment and provision of a tangible multiplicative effect on the entire business sector in Russia, as well as promotion of the development of emerging markets for SME financing.

PwC in Russia offers audit and business consulting services, as well as tax and legal services to the companies in a wide range of industries. Up to 2.500 experts work in PwC offices in Moscow, Saint Petersburg, Yekaterinburg, Kazan, Novosibirsk, Rostov-on-Don, Krasnodar, Voronezh, Vladikavkaz and Ufa. PwC uses its knowledge, in-depth experience, and creative approach to develop applied advise and solutions opening new business opportunities. PwC means PwC network and/or one or several firms included into this network, each of them acting as a separate legal entity. PwC global network includes more than 208,000 employees in 157 countries. See for detailed information

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