elevate61 2016 cohort set sights on US expansion

elevate61 2016 cohort set sights on US expansion

Advance, Australia’s global innovation network, and KPMG Australia today revealed the 11 enterprise tech startups selected to take part in the 2016 elevate61 program. The line-up was announced in New York by the Hon Steven Ciobo MP, Minister for Trade and Investment, during the Australia United States Business Week (AUSBW) 2016.

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Advance, Australia’s global innovation network, and KPMG Australia today revealed the 11 enterprise tech startups selected to take part in the 2016 elevate61 program. The line-up was announced in New York by the Hon Steven Ciobo MP, Minister for Trade and Investment, during the Australia United States Business Week (AUSBW) 2016.

The elevate61 2016 cohort includes a number of high-profile companies from sectors as diverse as logistics (Sendle), fintech/insurance (Cover Genius), and hospitality (Newbook). They represent a cross-section of Australia’s startup eco-system with six headquartered in Sydney, three in Melbourne, two in Adelaide and one in Queensland’s Gold Coast.

The 11 companies have proven their traction by securing customers and delivering strong business results, together achieving a combined turnover in excess of AUD 25 million over the past 12 months.

James Mabbott, Head of KPMG Innovate commented: “Based on the number of quality scalable businesses uncovered during the elevate61 application process, I can honestly say there has never been a more exciting time to be an Australian enterprise tech startup. The successes these entrepreneurs are achieving demonstrates the potential of Australia’s startup eco-system to compete on the global stage.”

“By upskilling these proven businesses and entrepreneurs, and accelerating their understanding of the US market, elevate61 hopes to empower the next generation of global Australian leaders.”

The elevate61 companies will be paired with industry and subject-matter mentors from Advance’s and KPMG’s global networks. In April, they will have days of intensive workshops that will provide specific guidance on how to approach the US markets. In May they will journey to the US for a 10-day programmed visit to San Francisco, Los Angeles, and New York. Following the trip, the program includes ‘demo-day’ style presentations to investors and Australian corporates.

Serafina Maiorano, Global CEO, Advance commented: “We are excited to be working with a fantastic group of Aussie startups and help them go global from Australia. The recent shift in the government’s vision for a knowledge-driven economy has resonated strongly with our global Australian community. Many are asking themselves what they can do to help.”

“Advance’s global innovation network, coupled with KPMG’s global presence will provide the elevate61 cohort with unrivalled access to both the insight and tools, and the connections to investors and enterprise clients that they need to tap into the market.”

“This global Australian powerhouse, made up of many of our best and brightest, builds our global connectedness, driving innovation and sustainable long-term growth. Whether working overseas or as returnees, the Australian diaspora have an important role to play in growing jobs, investment and exports.”

The ventures joining the elevate61 program are:

  • Accodex: (accodex.com) a scalable back-office service solution for freelance professionals. Based in Adelaide.
  • Artis Group: (artisgroup.com.au) develops critical business applications for leading enterprise and government organisations, with expertise in incident and emergency management, financial services, defence, education and agribusiness. Headquartered in Sydney. 
  • City Beach Software / Omnivore: (citybeachsoftware.com) an ecommerce platform that specialises in helping retailers list and sell their products across multiple marketplaces. Headquartered in Sydney.
  • Cover Genius: (covergenius.biz) global distributors of insurance products for online businesses. Cover Genius' first brand to launch was RentalCover.com which sells insurance for car rentals from its own site and also through the largest online travel agents globally. Headquartered in Sydney. 
  • Gymsales: (gymsales.net) a sales CRM for the fitness industry. Based in Melbourne.
  • Inkling Women: (inklingwomen.com.au) a training provider specialising in gender diversity, offering in-person and online programs that significantly lift the percentage of women at leadership level. Headquartered in Adelaide.
  • Newbook: (newbook.com.au) a cloud-based online property management system for the hospitality industry. Based in Gold Coast, Queensland.
  • Rapporr: (rapporr.com) a private messaging platform that offers more contextual and expedient communication for teams on the move. Headquartered in Sydney.
  • Sendle: (sendle.com) unlocks the power of big business delivery networks for small business and consumers to make it as easy to send a parcel as it is to send a text. Headquartered in Sydney.
  • Studylane: (studylane.com.au) operates a disruptive technology platform for international student recruitment. Headquartered in Sydney.
  • VoiceID: (voiceid.com.au) designs, integrates and supports solutions to enable process optimisation through the integration of voice recognition technology. Headquartered in Melbourne.

For further information, contact:

Ashford Pritchard

Communications Manager – Innovation & Entrepreneurship, KPMG Australia

Mobile: +61 411 020 680

apritchard1@kpmg.com.au

elevate61: Rapid Growth Entrepreneur Program

elevate61: Rapid Growth Entrepreneur Program

A unique program designed to help entrepreneurial Australian companies enter new markets and accelerate their growth overseas.

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