Selection Criteria

All companies considered had to be largely or solely based in Europe, private (not yet listed on any stock exchange) and stand alone.

Achievement

• Capital efficiency
• Growth in last 3 years
• Business Plan execution
• Market penetration
• Barrier to competition & IP

Impact

• Addressable market
• Scalability / International expansion
• Disruptive business model / value proposition

Momentum

• Projected growth
• Financial backing / future requirements
• Commercial partnerships
• Management completeness / continuity