Selvita S.A. has been ranked as the no. 1 Rising Star within this year's contest of Deloitte Technology Fast 50 in Central Europe. The Central Europe Technology Fast 50 program, is part of a global effort by Deloitte to identify the fastest growing technology companies all over the world, which became a recognized benchmark of success in the technology industry. This prestigious annual award honors the fastest growing Central European technology companies, based on the percentage of revenue growth over certain period of time. 

In this year's edition, Selvita was voted as the no. 1 Rising Star, meaning a young, emerging company with the most potential to grow. With the result of a 2 623% increase in revenues over the past three years, Selvita beat a long list of high technology companies from Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Poland, Romania, Serbia, Montenegro, Slovakia and Slovenia. 

What's more, Selvita is also the only biotechnology company which can be found in the ranking.

During this year's edition of the "Masters of Innovation" competition, organized along with the Central European Forum of Biotechnology and Innovative BioEconomy - BioForum 2011, Selvita was voted the most innovative biotechnology company in the region. The participants of the competition were  the most innovative enterprises from the biotech sector in the Eastern and Central European region.

 The main criterion for the evaluation of participants were the R&D projects run by a company and their innovation. Additionally, the business model, and aspects such as how effectively a company finds opportunities to finance its research and development activities and its implementation, were also assessed.