Announcing the 2021 Ready to Rocket List!

March 21, 2021

Ready to Rocket 2021

Originally published by SFU VentureLabs

The Ready to Rocket List by Rocket Builders, is an annual list celebrating BC’s Leading Growth Tech companies. These companies are identified as Emerging Rockets (companies poised for growth) or Ready-to-Rocket (companies already scaling revenue) in several categories: Agri-food, ICT, CleanTech, Digital Health, and Life Sciences.

“Ready to Rocket” companies, on average, have exceeded a 50% annual growth revenue growth rate and have significantly increased their employee headcount each year. “Ready to Rocket” companies are more likely to raise investment capital and each year many of the profiled “Ready to Rocket” companies are acquired.

— Rocket Builders

It’s no secret that companies of all kinds felt the impact of COVID-19. Yet, despite the turbulence and uncertainty of the past year, there’s one theme that sticks out with these BC’s tech stars: resiliency.

According to Rocket Builders, 47% of past winners stated their business growth slowed down and was lower than expected due to the pandemic.

However, of these slowed businesses:

  • 30% saw revenue declines
  • 58% saw positive revenue growth
  • 24% of these companies still saw over 100% growth

Congratulations to all the companies, especially to the twenty-seven VentureLabs current and alumni companies, for making it to the 2021 Ready to Rocket Lists!

 

2021 Emerging Rocket List

“Emerging Rockets” is a recognition program for British Columbia technology companies that are not yet in a high revenue growth stage but have great potential for investment and market breakthroughs in the coming year.

— Rocket Builders

Agri-Food

TRUSTED BY:

Wines of British Columbia
Prince Edward County Winegrowers Association
Wines of Nova Scotia
Oklahoma Wine Trails

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