On average, the top 10 companies tripled revenues and doubled their workforces over the past 24 months. According to the Deloitte survey findings, <?xml:namespace prefix = st1 ns = “urn:schemas-microsoft-com:office:smarttags” />Canada’s fastest growing technology companies increased their R&D investments over the last year by more than 26 per cent. On average, these companies invested $5.3 million
annually in R&D operations, with approximately 18% of their sales revenues re-invested in R&D each year. The survey findings also revealed that Fast 50 winners have expanded R&D hiring by 80% over the last year, compared to 2002. These findings reiterate the positive long-term market outlook shared among the Fast 50 winners.
