The bright young businesses on our 2017 STARTUP 50 ranking of Canada’s Top New Growth Companies have not only brought great concepts to market, they have also found people—lots of people—to buy what they’re selling. Come for their innovative offerings, stay for their hyper-fast sales growth: These are the hottest startups in the country today.
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How we ranked them
PROFIT and Canadian Business identified companies on the STARTUP 50—which serves as a companion to our PROFIT 500 ranking of Canada’s Fastest-Growing Companies—by ranking businesses based on two-year revenue growth. In order to be eligible, a company must have been founded and started generating revenue between July 1, 2011, and early 2014. We shortlisted companies based on revenue figures supplied on a brief self-nominating ballot, then verified revenue claims and eligibility through detailed questionnaires and reviews of applicant-supplied financial statements. A minimum revenue requirement of $1 million in the most recent fiscal year applied to all firms. Growth rates were calculated using a base-year minimum of $200,000.