Many of you know about my association with Texas A&M’s Mays Business School and the Center for New Ventures and Entrepreneurship (CNVE). So it should come as no surprise that I am actively involved with the Aggie 100 Program.
In 2005, the Mays Business School and the CNVE created the Aggie 100 Program. The program identifies, recognizes and celebrates the 100 fastest growing Aggie-owned or Aggie-led businesses in the world. The Aggie 100 not only celebrates their success, it also provides a forum to pass lessons to the next generation of Aggie entrepreneurs.
PKF Texas provides the accounting services for the program and we recently finished reviewing over 200 applications submitted by the nominees and provided the official 2006 list to the CNVE. The winners will be announced at the annual Aggie 100 Awards Luncheon on Friday, October 13, 2006 at the Zone Club on Texas A&M’s College Station campus. Here’s an excerpt from the CNVE Newsletter highlighting the 2006 class:
“The preliminary information we know about the leaders of these fast growing companies indicates that, once again, almost every college on campus will be represented along with class years spanning decades. The make up of the list will remain a surprise until the on-campus ceremonies in mid-October. In the meantime, we can give you a little glimpse into the makeup of the group:
- 29 are “repeat offenders” – they were also members of the class of 2005
- Like last year, the fastest growing companies experienced triple digit compound annual growth in revenues
- The threshold for inclusion moved up from a 1% compound annual growth rate to over 20%
- The average growth rate was over 52%, up from 30% last year, and the median was about 40%
- The companies are from four countries
- Within the USA, 10 different states are represented”
To read the rest of the newsletter click here.
Aggie 100 is a great event and I am looking forward to the awards luncheon in October. Stay tuned for more posts about the Aggie 100 closer to the awards luncheon.