New York, May 18, Smartzyme Biopharma announced today it had been selected as a finalistfor Red Herring's Top 100 North America award, a prestigious list honoring the year’s mostpromising private technology ventures from the North American business region.
Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since1995. Finalists are still evaluated individually from a large pool of hundreds of candidates basedacross North America. Twenty major criteria underlie the scoring and process. They include,among others: the candidate company's addressable market size, its IP and patents, itsfinancing, the proof of concept, trailing revenues and management's expertise. Each companygoes through an individual interview after filling out a thorough submission, complemented bydue diligence from the Red Herring panel. The list of finalists includes some of the bestperforming and prominent companies of that year.
This unique assessment of potential is in addition to a review of the company’s actual trackrecord and standing, which allows Red Herring to see past the “buzz” and make the list avaluable instrument for discovering and advocating the greatest business opportunities in theindustry.
2016 will be remembered as a special vintage. "The finalists’ list confirms the excellent choicesmade by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracingtheir innovations. By all metrics, it emphasizes the United States’ entrepreneurial excellence,"said Alex Vieux, publisher and CEO of Red Herring.
Finalist selections for the 2016 edition of the Red Herring 100 North America award are basedupon technological innovation, management strength, market size, investor record, customeracquisition and financial health. During the several months leading up to the announcement,hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences,cloud, mobile and others completed their submissions to qualify for the award.
Finalists are asked to present their winning strategies at the Red Herring North America Forumin Newport Beach, CA., June 6 to 8, 2016. The Top 100 winners will be announced during aspecial awards ceremony the evening of June 8.
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