KPMG Australia today revealed the 12 startups which have been selected to take part in Energise, Asia-Pacific’s largest energy and natural resources (ENR) accelerator program, which runs from today until early 2017.
Due to an increase in applications from startups Australia-wide this year seven companies will be based in Perth and, for the first time, five startups will participate in Brisbane – taking part in an intensive program to develop and commercialise their products.
The program is supported by major energy and natural resources companies including Woodside, Wesfarmers Chemicals Energy & Fertilisers, South32 and Chevron Australia.
This year, Energise will culminate with a graduation night where each startup will pitch to investors, industry partners and guests, with awards on offer for the strongest startups on the night. Last year saw eight startups secure over A$450,000 worth of new contracts and pilots within 12 weeks of starting the program.
Gary Smith, KPMG WA Chairman commented: “We’ve been overwhelmed by the quality of applicants this year, with some excellent startups ready to transform the resources and energy sector.”
“We’ve selected the Energise cohort based on feedback from our corporate partners and other experts on how new ideas and technologies can help tackle the industry’s productivity, efficiency and innovation challenges. Energise is about bridging the innovation gap between startups and industry – and we believe we can build upon last year’s success and bring fresh thinking to established players, whilst similarly paving the way for startups to work with major enterprises within the sector.”
The startups entering Energise gain access to a mentor panel which includes expertise from international and local entrepreneurs and innovation specialists. KPMG Australia is also providing support to the Energise startups in areas such as company set-up, product development and market insight.
Ashley Brown, KPMG Energise Program Director, commented: “The scale of the success of last year’s Energise participants demonstrated the vast opportunities for startups to solve some of the sector’s major problems. This time, we are continuing the journey by focusing on supporting both startups and our corporate partners on how to make innovation a reality. For both sides of the equation it’s a win-win situation – and we expect to see some really exciting new technology and approaches brought to life during Energise.”
“We are also looking forward to expanding the program’s base to Australia’s East Coast and engaging a national and indeed global energy and resources audience,” he said.
The ventures joining the KPMG Energise program are:
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