No less then 9 startups from the region made the Red Herring Top 100 finalists for Europe, which is a strong performance. Ok, granted, not as strong as last year, when a whooping 15 startups on the list where from the region. But none the less, a strong indication that there are a lot of great startups here.
The Red Herring editorial team selects the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on 20 main quantitative and qualitative criterions: they include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.
This assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry. Being one of the 100 is a recognition and stamp of approval for any startup.
“For adQuota this is a quality stamp that shows our strategy is right and real pad on the shoulders. I look very much forward to going to Amsterdam to present adQuota, and to meet the other 99 innovative companies.” says adQuota CEO Michael Buch Sandager.
Finalists for the 2014 edition of the Red Herring 100 Europe award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health.
“This year was rewarding, beyond all expectations. The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists.” says Alex Vieux, publisher and CEO of Red Herring.