METS Ignited has welcomed the announcement by Queensland Minister for State Development Dr Anthony Lynham that KPMG has been selected to deliver an accelerator program for companies that service the resources sector.
The accelerator program is an Australian-first joint initiative between METS Ignited and the Queensland Government to assist mining equipment, technology and services (METS) companies in their early stages.
Minister for State Development Dr Anthony Lynham announced that the program will soon be recruiting for METS companies to take part in the pilot program, which will be run from KPMG Energise in Brisbane.
The pilot program is designed to accelerate the commercialisation of Australian mining technologies, assisting to fast-track the innovation cycle, reduce investment risk and improve collaboration between METS companies and the mining sector.
KPMG will guide METS start-ups through a three month intensive program; assisting them to improve commercialisation outcomes and connecting them with mentors, advisors, and investors from the resources sector.
METS Ignited Chief Executive Officer Ric Gros said the accelerator program was part of a 10-year roadmap to fast-track the innovation cycle, reduce the risk in investment and improve collaboration between METS companies and the mining sector.
"METS Ignited is an industry-led Growth Centre for the METS sector that works with industry, research organisations and government to improve the international competitiveness of the METS sector and the productivity of the mining sector," Mr Gros said.
"The Australian METS sector has a deserved reputation for innovation and future success requires accelerating the rates at which we commercialise these solutions. The METS Accelerator Program will deliver an accelerator for METS innovations ready to contribute to the Queensland and Australian economies."
The accelerator program demonstrates METS Ignited's commitment to forging industry partnerships to advance the competitiveness and growth of the Australian METS sector.