st 500™. These 87 companies had an average growth rate of 4,569 percent from 2005 to 2009. The impressive average growth rate of biotech/pharma is demonstrated by having five biotech/pharma companies in the top 10. These companies are Affymax, Inc. (ranked second), BioCryst Pharmaceuticals, Inc. (ranked fifth), Alexion Pharmaceuticals, Inc. (ranked seventh), Onyx Pharmaceuticals, Inc. (ranked ninth) and Celldex Therapeutics, Inc. (ranked 10th).
The percentage of companies from industry sectors are represented on the Technology Fast 500™ as follows:
Software (38 percent)
Biotech/Pharma (18 percent)
Sector leader: Varicent Software Incorporated
Communications/Networking (11 percent)
Sector leader: Affymax, Inc.
Internet (9 percent)
Sector leader: Hughes Communications, Inc.
Medical Equipment (7 percent)
Sector leader: LeadQual, LLC
Computers/Peripherals (5 percent)
Sector leader: Genoptix, Inc.
Clean Tech (4 percent)
Sector leader: PlumChoice
Scientific/Technical Instrumentation (3 percent)
Sector leader: Ener1, Inc
Semiconductor (3 percent)
Sector leader: Insulet Corporation
Media and Entertainment (2 percent)
Sector leader: Entropic Communications, Inc.
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Sector leader: SIRIUS XM Radio Access to Capital Is a Key Success FactorA majority -- 57 percent -- of the winners are public companies that have successfully raised capital through the public market. Furthermore, 20 percent are private companies with a history of venture capital funding. In a survey of the 20
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