KPMG Australia today announced the launch of a High Growth Ventures practice, to be headed by startup mentor and commercialisation expert Amanda Price.
Ms Price has worked in the nascent Australian startup scene in several roles – including as CEO of early ad-tech startup AirWORKS Media. She has spent the past decade working in California and Australia, first as Vice President of Business Development, Partner Relations and Operation for EYEcorp, and as VP Innovation for Advance, and founder and CEO of ausEmerge – a consultancy that provided Australian startups with a range of services designed to accelerate their entry into the US including through KPMG’s elevate61 program.
The High Growth Ventures practice will support entrepreneurs by addressing their core needs:
• access to capital
• access to customers; and
• access to global networks.
Delivering a range of specialist services, the practice will act as a focal point for entrepreneurs and the wider startup ecoystem, connecting them to the breadth and depth of expertise in the wider KPMG firm. It will also work closely with teams from KPMG’s global network, including the USA, Israel, Europe and the UK.
Commenting on the launch, Ken Reid, KPMG Australia’s National Managing Partner for Innovation said: “Today’s launch of a dedicated practice supporting entrepreneurs and the startup ecocystem is a natural progression for KPMG. We have abeen highly active in Australia’s startup eco-system and proven how corporate support can help startups such SimPRO, Sendle and GreenSync supercharge their growth.”
“Being a founding partner of Stone & Chalk and through launching pioneering accelerator programs such as elevate61, Energise and mLabs – we’ve built an understanding of how KPMG can best engage and support entrepreneurs. KPMG’s new High Growth Ventures practice is the next step – and will help the next generation of Australian entreprenuers go global,” he said.
Starting with a team of five specialists, High Growth Ventures will leverage the reach of the global KPMG firm. A major focus will be supporting the development of startups that can rapidly scale – through education, hands-on support and connections to the right networks and new customers.
Ms Price commented: “Over the past five years Australia’s startup eco-system has begun to mature, with more fast-growing businesses understanding their potential to go global and more capital available. But many of our startups face strong hurdles to international growth, and fail to realise their full potential to be global leaders.”
“By helping to bring the rigour, expertise and connections of a global professional services firm to help startups – we are creating a platform for high-performing Australian entrepreneurs to succeed on the global stage.”
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