The TechUp national rating of fast-growing Russian technology companies
The TechUp rating, which RVC has carried out every year since 2012, is aimed at finding, monitoring and promoting promising, fast-growing technology companies that have high potential for leadership in both Russian and global markets. Such companies, the so-called technological gazelles capable of creating fundamentally new technologies and forming new markets, play an important role in the development of the Russian economy. The criteria for the rating include companies’ turnover dynamics, the rate of growth of certain indicators and the innovativeness of the products evaluated by the expert council.
Despite the demanding qualification criteria for participating companies, their numbers are increasing every year – there are currently more than 350 companies in the rating database. About 70% of the participants from the previous rating are successfully exporting and selling their products in markets in highly developed countries.
The TechUp rating solves the problem of finding the most successful technology companies and improving the business environment surrounding innovation. RVC interacts closely with all rating participants and provides them with comprehensive support within the NTI framework in terms of their investment activities, interaction with state corporations and development institutions
The TechUp rating is the official tool for selecting companies for the Ministry of Economic Development and Trade’s priority project “Support for Private High-Tech Leaders” (National Champions). The project supports companies with the potential to make major gains in domestic and foreign markets.
During the selection process, face-to-face expert sessions are held with companies that meet the criteria of the National Champions project that enable an assessment of the companies development potential in 5–10 years.
The selected participants will receive assistance in gaining access to existing government instruments. Leading companies will receive information and consulting support for their own projects in order to develop their operations both domestically and in global markets.
The most successful participants are identified in the following categories:
- The top five large companies, with revenue from RUB 2 billion to RUB 30 billion
- The top five medium-sized companies, with revenue from RUB 800 million to RUB 2 billion
- The top five small companies, with revenue of up to RUB 800 million
- The top 15 fastest-growing companies in terms of revenue growth
- The top-15 innovative companies producing high-tech products, as well as the top-15 in terms of exports
|Large (revenue over RUB 2 bn)|
|Biocad CJSC||St. Petersburg||Pharmaceutical industry|
|ELVEES JSC SPC||Moscow||Electronics and instrumentation|
|Azimut JSC||Moscow||Electronics and instrumentation|
|PRIMA LLC RP||Nizhny Novgorod Oblast||Electronics and instrumentation|
|Zavod Premiksov No. 1 CJSC||Belgorod Oblast||Biotechnologies|
|Medium-sized (revenue from RUB 800 mln to RUB 2 bn)|
|Optic Fiber Systems JSC||Republic of Mordovia||Materials and chemicals|
|Speech Technology Center Grou||St. Petersburg||Information technologies|
|Laser Systems LLC RPE||St. Petersburg||Electronics and instrumentation|
|T8 LLC||Moscow||Electronics and instrumentation|
|Ishimbay Specialized Chemical Plant of Catalysts Ltd.||Republic of Bashkortostan||Materials and chemicals|
|Small (revenue up to RUB 800 mln)|
|RM Nanotech JSC||Vladimir Oblast||Materials and chemicals|
|TechnoSpark Group||Moscow||Materials and chemicals|
|Bioamid JSC||Saratov Oblast||Biotech|
In 2018, TechUp included 88 new companies, which was 68 % of the total number of participants in the rating. At the same time, small high-tech companies showed steady growth: their percentage of the total number of companies taking part in the rating increased by 30 % and accounted for more than 55 % of the total number of participants. Companies in this segment have become the leaders in terms of the share of revenue earmarked for technological innovations, which has reached at least 30 % over the past three years . The average expenditures of all rating participants on technological innovations during this period amounted to at least 10 % of revenue.
According to an analysis of these companies, over the past five years , rating participants have brought to the Russian market at least one new or significantly improved product developed on the basis of their own or acquired R&D results. The average share of R&D expenditures in the period from 2015 to 2017 was at least 5% of revenue. In 2018, participating companies had existed for an average of 16 years, which indicates a gradual trend that has seen younger and younger companies entering the rating (the average age was 18 years in 2017 and 21 in 2016). Only a quarter of the rating companies are located in Moscow, with the remaining 75% of the participants from different regions of Russia: St. Petersburg (14%), Nizhny Novgorod (5%), Novosibirsk (5%), etc.
More than 70% of companies participating in the rating export their products to foreign markets (the average share of exports in terms of revenue among large companies is 9%; medium-sized companies, 18%; and among small companies, it is 11%). The main export destinations are the countries of the former Soviet Union, with 69% of exporters supplying those markets. In the next five years, 26% of companies that did not export their products in 2017 are going to enter world markets.
TechUp companies as a whole are rapidly developing various promising NTI technologies. Most companies (70%) are working in the segment of new production technologies, 44% are working in wireless communication technologies and the IoT, and 43% are working in the area of big data. The most promising NTI markets for participants are EnergyNet (42%), HealthNet and MariNet (41%).
TechUp’s annual rating has become an effective tool for finding potential leaders in the domestic technology industry. RVC interacts with rating participants, helping them build relationships with reputable research centers, large Russian corporations and development institutions. The percentage of companies founded after the 2008 crisis is increasing in the rating every year. This generational shift increases the chances of success among Russian businesses in competition with world leaders.Mikhail Antonov, Deputy CEO and Director for Innovative Infrastructure Development, RVC
|1||TermoLazer LLC||Vladimir Oblast||Industrial equipment|
|2||Optic Fiber Systems JSC||Republic of Mordovia||Materials and chemicals|
|3||Chislovaya mekhanika JSC||Moscow||Information technologies|
|5||Tion Umnyi mikroklimat JSC||Novosibirsk Oblast||Engineering|
|6||SPUTNIX LLC||Moscow||Electronics and instrumentation|
|7||Tatneft-Presscomposite LLC||Republic of Tatarstan||Materials and chemicals|
|8||NPO GELAR LLC||Krasnoyarsk Krai||Materials and chemicals|
|9||LABSOLUT LLC||Moscow||Electronics and instrumentation|
|10||Center for Marine Research, Lomonosov Moscow State University||Moscow||Engineering|
|11||RM Nanotech JSC||Vladimir Oblast||Materials and chemicals|
|12||QuadroCom Group||Moscow||Materials and chemicals|
|13||Seldon Group||Moscow||Information technologies|
|2||TechnoSpark Group||Moscow||Materials and chemicals|
|4||T8 LLC||Moscow||Electronics and instrumentation|
|5||Aerob LLC||Moscow||Electronics and instrumentation|
|6||ELVEES JSC SPC||Moscow||Electronics and instrumentation|
|7||LEMZ-T LLC||Tomsk Oblast||Electronics and instrumentation|
|8||Laser Systems LLC RPE||St. Petersburg||Electronics and instrumentation|
|9||Engineering and Design Center Kontinuum CJSC||Yaroslavl Oblast||Consumer goods|
|10||SPUTNIX LLC||Moscow||Electronics and instrumentation|
|11||RPC Magnetic Hydrodynamics LLC||Krasnoyarsk Krai||Engineering|
|12||SPC Polus JSC||Tomsk Oblast||Electronics and instrumentation|
|14||Advanced Technologies Center Group||Moscow||Electronics and instrumentation|
|15||PRIMA LLC RPE||Nizhny Novgorod Oblast||Electronics and instrumentation|
|1||RMT Ltd.||Nizhny Novgorod Oblast||Electronics and instrumentation|
|2||SKTB Katalizator JSC||Novosibirsk Oblast||Materials, chemicals|
|3||Optic Fiber Systems JSC||Republic of Mordovia||Materials and chemicals|
|4||Astrosoft International LLC||St. Petersburg||Information technologies|
|5||Bioamid JSC||Saratov Oblast||Biotech|
|6||PROTON-ELECTROTEX JSC||Orel Oblast||Electronics and instrumentation|
|7||ARGUS SPECTRUM LLC||St. Petersburg||Electronics and instrumentation|
|8||RM Nanotech JSC||Vladimir Oblast||Materials and chemicals|
|9||TONK Group LLC||Moscow||Information technologies|
|10||First Line Software (F-Line Software LLC)||St. Petersburg||Information technologies|
|11||Rubius Group LLC||Tomsk Oblast||Information technologies|
|12||Nordinkraft LLC||Vologda Oblast||Industrial equipment|
|13||CSort LLC||Altai Krai||Engineering|
|14||SimbirSoft LLC||Ulyanovsk Oblast||Information technologies|
|15||PRIMA LLC RPE||Nizhny Novgorod Oblast||Electronics and instrumentation|