Australia’s first dedicated late-stage mining accelerator to supercharge resources innovation

Australia’s first dedicated mining accelerator

Brisbane – METS Ignited have launched the Igniting METS Accelerator, powered by KPMG Energise, to help Australian late-stage startups and small-to-medium enterprise break into to the mining sector, win contracts and grow their businesses.

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  • Mining Equipment, Technology and Services (METS) accelerator backed by QLD government and delivered by KPMG Australia
  • Program to run from July to October for late-stage startups and SMEs
  • Applications open at www.ignitingmets.org until 30 June 2017

 

Queensland’s State Development Minister Dr Anthony Lynham today opened applications to the program, which has been made possible by a grant from the Queensland State Government as part of its AU$6 million, four-year commitment to METS Ignited to facilitate jobs and growth across the state.

METS Ignited CEO Ric Gros said: “We invite applications from late-stage startups and SMEs across Australia to join this flagship industry program. The Igniting METS Accelerator offers founders a unique opportunity to work with leading mining companies, as well to access proven knowledge and expertise to help rapidly grow their business. From an industry perspective, the program will help develop new mining sector solutions, drive greater industry collaboration and foster commercialisation outcomes.”

The Igniting METS accelerator will provide up to eight late-stage startups and SMEs access to financial, marketing, commercial and technical advice to commercialise their products and services and gain additional traction in the mining sector. Delivered by the team behind the successful KPMG Energise accelerators, teams will be fast-tracked through an intensive 12-week program of deep-dive workshops, mentoring and support from industry leaders, entrepreneurs and subject matter experts from Queensland, around Australia, and beyond – all designed to ignite a new wave of innovation within the sector.

The search for METS talent across Australia will include regional workshops in Mackay on 9-10 June and Toowoomba on 23-24 June. These workshops will provide local startups and SMEs a taster of the Igniting METS curriculum, as well as an opportunity to pitch to be fast-tracked to the shortlist for the program.

Ashley Brown, KPMG Australia’s Program Director for the Igniting METS Accelerator commented: This is a massive opportunity for startups founders and established SMEs looking for business within Australia’s $118 billion mining sector. Past participants have graduated KPMG Energise and gone on to win millions of dollars of business, as well as closing major funding rounds. We look forward to uncovering the next wave of mining sector innovation and helping late-stage startups progress from product to customer to global markets.”

The Igniting METS Accelerator

  • A 12-week program for up to 8 late-stage startups and SMEs targeting Australia’s Mining Sector
  • No fees or equity required from participants
  • Taking place at KPMG Brisbane offices for one day per week during the 12-week program
  • All successful applicants will receive a $10,000 grant to cover travel/relocation costs associated with participating in the program
  • Priority will be given to applicants who:
    • are based in Queensland
    • are working on the relevant product or service with a Queensland based partner; and/or
    • can demonstrate that the commercialisation of the product or service has the potential to provide substantive benefit to the energy and resource industry in Queensland.

Application Criteria

  • A technologically advanced product or service solution to the METS & Mining sector or industries classified as supporting the METS & Mining sector.
  • Applicants should have a working model or prototype can be demonstrated, the product or service solution may have been tested and qualified and ready for implementation or is already proven.
  • In the absence of customers, applications should have seed funding or development spend to date of at least AUD 200,000 with demonstrable evidence of customer validation of the value proposition for your product or service.
  • A founding core team in place (of at least two or more full-time staff).

Applications now open at www.ignitingmets.org.

Further information

Ash Pritchard

E: apritchard2@kpmg.com.au

M: 0411 020 680

About METS Ignited

METS Ignited is an industry-led, government-funded, Growth Centre for the mining equipment, technology and services (METS) sector. METS Ignited works with Australian suppliers to the mining industry, global miners, research organisations and capital providers to improve the competitiveness and productivity of the Australian METS sector.

About KPMG International

KPMG is a global network of professional services firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 189,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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