Due to the difficult economic situation, which has led to dramatic job losses in Spain, the companies with high growth potential are seen as a promising alternative to resume economic growth. A sample of companies in the information and communications technology sector sets up the basis of this comparative analysis of the characteristics of gazelles versus the standard firms. Also this study shows, by means of a cluster analysis, the determinants of gazelles along the different stages of their development. This will lead to a better understanding of gazelle businesses, from which to develop incentives to increase the number of them
