Introducing the European Tech5: Identifying Europe's fastest growing tech startups
27 FEBRUARY 2014, EUROPE
The Next Web and global payments technology provider Adyen have partnered to launch a new online competition in search of Europe's fastest growing tech startups: the European Tech5. Over the course of 6 weeks the Tech5 will rank the continents best technology startups based on growth in revenue and users.
High growth tech startups from every European country will be eligible to join the Tech5 in phase 1 of the competition, if they meet the criteria. The companies in the top 7 most vibrant European tech countries, will move on to the next phase to determine the respective Tech5 lists per country. (e.g. German Tech5, UK Tech5).
Winners present at TNW conference Europe
All national winners are invited to speak and present their company at TNW Conference Europe on the 24th-25th of April in front of the most successful people in tech (2500 of them). During the conference the final list of the European Tech5 will be selected by a jury.
The Tech5 is initiated by The Next Web in partnership with Adyen and is aimed at fast growing tech startups. The criteria to join the Tech5 include that a company:
- Has more than 500k EUR revenue in 2013, and;
- Is in operation for less than 5 years, and;
- Has its headquarters in Europe.
- Builds and markets its own (scalable) product or service driven by technology (no agencies, consulting companies).
As of today, European technology companies can sign up to join the Tech5.
""Starting a company is one thing, but growing a sustainable and profitable business requires hard work. Those companies get my deepest #respect and the Tech 5 makes sure they get the attention they deserve."" Patrick de Laive, co-founder The Next Web
""As a fast growing Tech company ourselves, we are delighted with the opportunity to support the new fast growing Tech start-ups on the European scene. There are very exciting initiatives throughout Europe, Adyen is working with many of the hottest “once start-ups” worldwide and The Tech5 competition is a great opportunity for us to meet and be involved with the most promising European Tech companies."" Roelant Prins – CCO Adyen
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The Tech5 is a pan-European competition to identify the fastest growing tech companies in Europe with its finale at The Next Web Conference in Amsterdam where all country winners present their company and represent their country.
Tech5 is an initiative of TNW and Adyen.