Innovative companies rise to the challenge

An intensive 12-week accelerator program to support companies with proven solutions for the mining and energy sectors starts this week in Brisbane and Perth.

The RISE Accelerator Program is backed by the Australian Government and will involve 17 Resources Innovators Scale-ups and Entrepreneurs (RISE).  RISE participants are Australian companies based in Queensland or Western Australia with products or services delivered into or emanating from these regions.

Minister for Industry, Science and Technology, Karen Andrews, said the accelerator would boost the commercialisation of innovation in the priority sectors of mining and energy.

"This program will equip scale-ups with the skills, capabilities and support to develop their innovation, win more work, and grow their businesses," Minister Andrews said.

"The program will offer workshops and mentoring from industry leaders, entrepreneurs and subjects matter experts.

"This mentoring and industry support will help the participants gain greater traction with customers in domestic and international markets and successfully manage their growth.

Through programs like RISE, we can strengthen Australia's position as a global hub for innovation in the mining and energy resources sectors and enhance the competitive advantage of Australian industry."

The accelerator has attracted a mix of regional and metropolitan-based companies.

RISE is a collaborative initiative of the METS Ignited and NERA Industry Growth Centres, with funding and support from the Australian Government, the Queensland and Western Australian Governments and delivery partner KPMG.

METS Ignited and NERA are two of the six Industry Growth Centres established by the Australian Government to spearhead initiatives like RISE to accelerate growth in their priority sectors.

The RISE Accelerator Program builds on the 2017 pilot program for the Mining Equipment, Technology and Services (METS) sector, run by METS Ignited and the Queensland Government and delivered by KPMG Energise.

By continuing to drive initiatives like this, the Growth Centres and industry partners are enhancing workforce skills and capability development, increasing jobs in the regions, and accelerating the commercialisation of new technologies and services into industry.

For more information on the RISE program:

Media contact: Valeria Cheglov 0438 494 351 / Keegan Buzza 0447 697 846

Office of the Hon Karen Andrews MP, Member for McPherson, Varsity Lakes, QLD