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Riches in the regions as Igniting METS mining accelerator announces line-up


Brisbane, 29 August 2017 - Six of eight late-stage startups and small-to-medium enterprises selected for the Igniting METS Accelerator hail from regional Queensland, with companies from Ipswich, Mackay, Toowoomba, Rockhampton and the Whitsundays looking to accelerate their development, win contracts and grow their businesses.

The startups kick-off the accelerator today at KPMG offices in Brisbane, starting an intense 12 week learning program that will help them rapidly build their business within the METS (mining equipment, technology and services) and mining sectors. The program culminates with a graduation ceremony on 21 November.

The Igniting METS Accelerator is an Australian-first joint initiative between METS Ignited and the Queensland Government to assist METS companies. METS Ignited is an industry-led organisation funded by the Australian Government as part of its Industry Growth Centre initiative.

METS Ignited CEO Ric Gros said Igniting METS was proving there is a massive potential for technology businesses within regional Australia.

"Following a national search for the most innovative mining tech startups we are excited to have such a standout cohort for our first ever Igniting METS accelerator. The competition was strong, and it is striking that we have so many great companies coming from regional areas. They have differentiated themselves in their innovation in technology, approach to business and their potential to rapidly grow their business. This program is about helping them to rapidly develop and take on national, regional and global markets." he said.

The eight Igniting METS startups are:

Providing complete through wall analysis of tubular structures with three-dimensional reporting. Use of next generation sensors to move reporting and prediction from best educated guess to quantitative knowledge.

Software for the frontline team in the mining, energy and infrastructure industries including flexible shift plans and a visualisation of the hazards, equipment, tasks and people.

Mines and reprocesses tailings dams to deliver product coal from a resource currently considered waste.

Creators of Jibaroo, an underground maingate transfer system that collapses and stands with hydraulics. Jibaroo allows transportation in modular sections, significantly reducing installation time, people required and working at heights.

Creators of BlendOpt, an integrated pit-to-port planning and scheduling cloud platform built with advanced optimisation and machine learning technologies. BlendOpt delivers transformational step-change improvements to operational profitability within complex supply chains.

A field force automation platform that enables the electrical industry to solve issues in compliance, risk and safety. Helps users eliminate legal liability and personal risk, while saving time and money.

An industrial IoT company which has developed the Smart Idler - a sensor technology for monitoring and predicting conveyor roller failure in high capacity, time critical bulk materials handling conveyors used in mines, ports and processing plants.

Designs, manufactures and sells fast, agile, safe and powerful onshore oil and gas well workover rigs. Coupled with its patented Power Drill Snub and Hands Free Systems, the XDR range of oilfield products is changing the way workover is conducted and significantly reducing the costs of well servicing.

Four of the companies selected for Igniting METS participated in the regional workshops in Mackay and Toowoomba, with Vayeron and QuickSafety winning pitch competitions during these events.

The companies will travel to Brisbane over the next 12 weeks to participate in deep-dive workshops and receive mentoring and support from industry leaders, entrepreneurs and subject matter experts delivered by the team behind the successful KPMG Energise accelerator. They will receive financial, marketing, commercial and technical advice to commercialise their products and services and gain additional traction in the mining sector.

Ashley Brown, KPMG Australia's Program Director for the Igniting METS accelerator said the end goal was to create businesses that would bring jobs and growth to their local area and drive innovation in the sector:

"There are massive opportunities for new technologies within Australia's AU$236 billion mining and METS sector. Past startups have graduated KPMG Energise programs and gone on to win millions of dollars of business, as well as closing major funding rounds. This has led to new jobs and opportunities within these companies' communities as well as contributing to the competitiveness and sustainability of the Australian resources sector. By helping scale startups from regional Australia, we hope to help create high value jobs and help economic growth, from Toowoomba to the Whitsundays and beyond."

The Igniting METS accelerator, powered by KPMG Energise:

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.

For more information on the Igniting METS accelerator: www.ignitingmets.org

ENDS

Media Enquiries:

Ash Pritchard apritchard2@kpmg.com.au 0411 020 680