Israel’s Growth Champions 2023
Following the great success of the previous report, Globes and Statista are again looking for the fastest growing public and private companies in Israel – Israel’s Growth Champions 2023. The companies with the strongest revenue growth between the years 2018 and 2021 will be featured in a Globes special report and on globes.co.il and en.globes.co.il in December 2022. Innovative and fast-growing companies are the driving force of the international economy in the 21st century. They generate jobs and sustain market competitiveness. Exploring and making these exceptional performances publicly visible is the aim of Israel’s Growth Champions 2023 ranking.
Potential candidates will be contacted by Statista and may also register for inclusion in the ranking by clicking on “Register” below.
Why should my company participate?
New business opportunities: Inclusion in the Globes is a visible and public acknowledgment of your company’s performance that extends far beyond your specific industry and country. It will also generate attention for your business on the part of potential partners, customers and investors around the world.
Employer Branding: Corporate growth usually generates demand for new employees. Being featured in the high-profile the Globes ranking will increase awareness of you as an employer and of your potential.
Effective media coverage: Globes Reporters will write about standout companies, specific sectors and trends which dominate business in Israel. The ranking will be published as a supplement within the weekday edition of the Globes newspaper and the full rankings will appear online.
Reputation: All companies that make it into the list may use the award logo for marketing purposes upon payment of a licence fee. Your company will still be able to communicate the award , free of charge, as long as it does not use the official label.
Who is eligible?
In order to be included in the ranking your company must meet the following criteria:
- Revenue of at least ₪300,000 Shekels generated in 2018.
- Revenue of at least ₪3 million Shekels generated in 2021.
- Be independent (the company is not a subsidiary or branch office of any kind).
- Be headquartered in Israel.
How do I register?
1. Online registration
Please register with Statista by August 31st, 2022.
2. Verification of revenue information
Your revenue data needs to be verified. Please use this form for this purpose. The form must be signed in person by a managing director or a member of your executive committee (CEO or CFO). It must then be sent to Statista by email, fax, or mail by August 31st, 2022.
Downloads
English
Form of Verification as PDF document
Hebrew
Form of Verification as PDF document
Contact details
Should you have any additional questions or would otherwise like to contact us, please email israel-champions@statista.com.
Disclaimer: Globes and Statista retain the right to change the criteria and/or produce new criteria at any point in the project’s lifetime.
FAQs:
- Do I have to pay to register?
No.
- Do I have to pay to be included in the ranking?
Not at all. If included in the ranking, your company is free to celebrate its success via a press release, social media, or a company website. Only businesses that want to use the official seal featuring the Globes and Statista logos with the title Israel’s Growth Champions 2023 have to pay a licensing fee, in a one-off payment. The seal will be available after publication of the ranking.
- Do I have to purchase the Israel’s Growth Champions 2023 license in order to point out or make reference to my place in the rankings?
No. All those who apply and make it into the Top companies are free to publicize this fact. The official seal Israel’s Growth Champions 2023, which is available for a license fee, is merely an additional option for those who want to advertise and promote their achievement in a more visually striking manner.
- Is the creation of Israel’s Growth Champions 2023 ranking commissioned and paid for by customers?
No, this project has two revenue sources: revenues from license fees, as outlined above, and advertisements in an Globes special report where the ranking will be published alongside Globes articles on Israeli company growth trends and profiles. The special report, to appear as part of the Globes in print and online, is an independent piece of journalism written and commissioned by Globes journalists, drawing on the data collected for the ranking.
- Who is eligible to participate?
In order to be included in the ranking your company must meet the following criteria:
- Revenue of at least ₪300,000 Shekels generated in 2018.
- Revenue of at least ₪3 million Shekels generated in 2021.
- Be independent (the company is NOT a subsidiary or branch office of any kind).
- Be headquartered in Israel.
- How do you verify the data provided by participants?
Revenue data are verified through the signing off of this form by the managing director/CEO, the finance director/CFO or a member of the executive committee. The form may be forwarded via email or post.
- When is the registration deadline?
Registration through the online form can be completed between June 1st 2022 and August 31st 2022.
- Until when am I able to submit the revenue verification form?
The deadline for us to receive this document is August 31st, 2022.
- On what criteria is the ranking of the Top companies in Israel's Growth Champions 2023 ranking determined?
The ranking is determined by the revenue growth between the years 2018 and 2021.
- How will Statista calculate the average growth in revenue of a company?
We use the compound annual growth rate. For example, if a company achieved total revenue of US $1.5m in 2018 and total revenue of US $7.5m in 2021, we calculate an average yearly increase of 71%
((revenue 2021)/(revenue 2018))^(1/3)-1=Growth rate
((7.5 Mio.USD)/(1.5 Mio.USD))^(1/3)-1=71%
- The fiscal year of my company does not coincide with the calendar year. However, the survey and the form ask for the total revenue for the calendar years of 2018 and 2021. Which revenue information should I provide?
Please provide the revenue details for the fiscal years which fall predominantly in the calendar years of 2018 and 2021. For example:
06/01/2021 to 05/31/2022 → use this for 2021 as 7 months were in 2021
10/01/2017 to 09/30/2018 → use this for 2018 as 9 months were in 2018
Special scenario - your fiscal years split the calendar years exactly in half:
07/01/2017 to 06/30/2018 and 07/01/2020 to 06/30/2021 or
07/01/2018 to 06/30/2019 and 07/01/2021 to 06/30/2022
You may use one of these combinations of fiscal years. Just make sure you don’t mix them.
- Which definition of revenue will be observed in the Globes list?
Net revenue adjusted for returns, excluding value added tax and derived solely from business activities (excluding any other operating income) as disclosed in your company report.
- Are further key data, such as profitability, relevant for the Globes ranking?
As a minimum, we require data on revenue growth. However, we also encourage you to add any pre-tax profit information to the registration form. While we state that pre-tax profit is not required, such information will help us better understand your company. Moreover, such transparency is likely to attract more editorial attention to your company in the Globes special report.
- When will Israel's Growth Champions 2023 ranking be published?
The ranking will be published in December 2022.
- Which information concerning individual companies will be published by Globes?
The following information will be released about the top companies: the company name, the average revenue growth and the total revenue for the years of 2018 and 2021, the number of employees in 2018 and 2021, the founding date of the company, the URL of the company website, as well as the location of the head office and the pre-tax profit if provided.
- How will I find out whether or not my company has made it into the ranking?
The results of our research will be published in Globes and globes.co.il so that the findings can be read and shared by everybody. Before this, the awarded companies will be informed by post of their inclusion in the list.