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