KPMG Australia and Advance announce the first elevate61 accelerator program intake
Advance and KPMG Australia have announced the eight startups taking part in their elevate61 accelerator program, designed to help high performing Australian companies fast track their growth and expand globally.
The program, which is described as “part boot camp, part connectivity for up and coming entrepreneurial companies”, aims to train companies to meet challenges they will face as they grow into globally competitive businesses. They will learn how to build a network, how to deal with enterprises, how to get business fundamentals right, and how to take the next steps to growing their business.
The companies have been taking part in workshops and roundtables this month, connecting with potential clients and investors. May will see them head over to the US for a ten day roadshow, which will take them to New York, Los Angeles, and San Francisco for 10 days. Here, their goal will be to accelerate new market validation and qualify funding with Fortune 500s and other investors.
KPMG and Advance announced the program, and their partnership, in December last year. The elevate61 program combines Advance’s experience running two previous innovation programs with KPMG Australia’s experience working with entrepreneurs and other accelerator programs.
Martin Sheppard, KPMG Australia’s head of innovation, said the company is providing coaching and workshops to help companies navigate challenges such as corporate structuring, valuations, R&D, and tax and accounting.
“Likewise, we are bringing our extensive network of clients keen to share, learn and potentially collaborate with these entrepreneurs. And critically, Advance is providing its experience in delivering similar programs and introductions to potential customers and investors through its innovation ecosystem in the Silicon Valley, Los Angeles, New York, and Australia,” Sheppard said.
Serafina Maiorano, CEO of Advance, added, “elevate61 has been designed to leverage the strengths of Advance and KPMG to help participants achieve rapid traction and growth in Australia and the US through access to global corporations, US based networks of advisers and the investor community.”
Two judging panels, which included York Butter Factory’s Stuart Richardson, Angel Cube founder Adrian Stone, and former ANZ COO Derek Youdale, pored over 50 applications to make the final decision on participants.
The eight companies selected come from a variety of industries. Here they are:
A provider of data capture and operational management solutions for the waste management, quarry and logistics industries.
Produces web-based applications that allow schools to manage and enhance every aspect of teaching and learning.
Collaborative work management software solutions for the mining, factory, and construction industries. It replaces spreadsheets and whiteboards with an online system that makes it easier to create and deliver on plans.
A platform allowing corporate and government bodies to better search for and compare external training programs and vendors.
Helps organisations use technology to increase productivity, reduce risks and costs, and grow. PicNet produces PredictBench, a predictive analytics tool that analyses data to help businesses improve their decision making.
Provides job management software to optimise workflow. simPRO has designed products allowing businesses to implement solutions built for their industry.
Connects customers with a brand message through visual and interactive devices that are controlled and managed by a secure cloud platform.
Provides a platform that can help individuals, teams, and organisations improve performance by aligning people intelligence and business objectives.
Image: Doceo CEO Wade Keenan.