Rocket Builders has released its 12th annual Ready to Rocket lists of BC technology companies that are “best positioned to capitalize on the technology sector trends that will lead them to faster growth than their peers.”
The three lists—which cover the sectors of information and communications technology, cleantech, and life science— provide accurate predictions of private companies that will likely experience significant growth, venture capital investment or acquisition by a major player in the coming year, according to Rocket.
“The technology sector continues to grow in BC and presents a growing challenge to select and identify the most likely to succeed,” said Geoffrey Hansen, Managing Partner at Rocket Builders. “Three elements characterize these ‘most likely to succeed’ high growth firms: a growing market opportunity, a unique competitive position and customer validation of a must-have value proposition.”
“The majority of companies on the Ready to Rocket lists do the majority of their business in the United States,” added Reg Nordman, Managing Partner at Rocket Builders. “Economic growth in the USA was modest (about 2%) in 2013, but is expected to be well over 3% in 2014. This economic boost, along with the weakening Canadian dollar, is expected to give B.C. technology companies a revenue boost next year. In past years when the Canadian dollar weakened, Ready to Rocket companies were able to be more competitive and increase profitability.”
Selections for this year’s lists include a number of NVBC Top 25 alumni including LightIntegra, Lungpacer, Precision NanoSystems, Diacarbon Energy, Energy Aware Technology, Etalim, Kairama, MobSafety, myBestHelper, RewardLoop, TSO Logic, Warranty Life, Wifarer, Augurex Life Sciences, Awesense Wireless, Axine Water Systems, Minesense Technologies, Pulse Energy, Quadrogen Power Systems, Saltworks Technologies, Semios, Solegear Bioplastics, Scoop, and Time.ly Network.