About the Program
Why are METS Ignited, NERA, the Qld and WA governments & KPMG doing this?
I apply for the RISE scale-up Accelerator?
How is the
RISE scale-up accelerator different from other accelerators?
What is an accelerator?
An accelerator is an intensive scale-up incubation and support program that typically operates over a 12-week period. It’s a well-developed and popular approach to innovation already used in many industries around the world.
The RISE scale-up accelerator is an accelerator program specifically for innovation in the Mining and Energy Resources sectors. It is an intensive advisory, mentorship and support program designed to rapidly develop the scale-up’s business model and product-service offering through KPMG’s leading advisory services, external mentors and access to leading Mining & Energy Resources sector corporates. Uniquely, the RISE scale-up accelerator is co-designed with leading Mining and Energy Resources sector corporates and built around their most-pressing innovation priorities, providing scale-ups with innovative solutions with opportunities to get in front of corporate decision makers.
The RISE scale-up accelerator is a joint initiative between the Industry Growth Centres METS Ignited and NERA, the Queensland Government, the Western Australian Government and KPMG, to assist Mining and Energy Resources sector scale-ups in the commercialisation of innovative solutions. METS Ignited and NERA are industry-led organisations funded by the Australian Government as part of its Growth Centre Initiative.
The RISE scale-up accelerator program brings late-stage scale-ups together with leading Mining and Energy Resources sector corporates, to drive greater industry collaboration and commercialisation outcomes. The mission is to strengthen Australia’s position as a global hub for innovation in the Mining and Energy Resources sectors, to enhance the global competitive advantage of the Australian Mining and Energy Resources industries, and to support the development of a world-class, innovative supply sector targeting the Mining and Energy Resources sectors. The vision is to build Australian Mining and Energy Resources sectors with aligned, efficient and agile industry ecosystems characterised by a high degree of collaboration, global leadership in innovation and a growing share of the global market.
The RISE scale-up accelerator is the fourth iteration of what is the largest sector-specific accelerator in the southern hemisphere. The program is built upon KPMG’s success with the Energise program, where they have successfully helped three cohorts of later stage scale-ups refine their value proposition, business model and strategy in preparation for their next stage of growth.
KPMG is one of the largest global networks providing professional services, operating in 154 countries and with over 200,000 people working in member firms around the world. The program leverages the broad capability of KPMG to provide RISE Scale-up Accelerator participants with a whole of business and market approach.
KPMG advisors are among the best in the business and have extensive experience in company set-up, product development, customer discovery and pitching. KPMG also have a large network of clients in the Mining and Energy Resources sectors to whom participants can pitch ideas, as well as hundreds of clients looking to invest; from high net worth individuals and institutional investors to small companies to global corporations.
Prior program participants have leveraged the new skills, capabilities and connections from the program to secure new commercial contracts, expand into new sectors, launch into new export markets, attract new investors, grow their revenues and recruit new employees.
Results from similar innovation initiatives such as the Energise accelerator programs, have demonstrated that new challenges demand new solutions. That’s why the program partners have looked to harness Australia’s best and brightest scale-ups to offer new solutions to the Mining and Energy Resources sectors. Through the RISE Scale-up Accelerator, we will assist organisations to identify and engage innovative scale-ups. The RISE Scale-up Accelerator provides access to an established accelerator program with a strong brand and access to scale-ups who are leading their respective fields, and providing broad reach beyond what could be accessed through an in-house single-company accelerator program.
The program partners recognise that innovation is key to sustainable productivity growth and that small scale-ups often have great ideas but find it difficult to scale. The RISE Scale-up Accelerator program provides a platform for raising awareness of your business in the marketplace.
What level of commitment is expected of my business?
All scale-ups are expected to be present on one full day per week at the respective KPMG office over the 12 week program. Much of the value of the program will come from interaction with other program participants, and ad-hoc, one-on-one meetings with program presenters and mentors, rather than the more formal parts of the program. There is an expectation that participants will take advantage of these opportunities.
What is the structure of the program?
The program will be run over a 12 week period with a different focus each week on key issues facing scale-ups. Topics include business model, value proposition, strategy, selling to corporates, pitching to investors and building the capabilities of your business. Each week there will be one full day session. The session includes activities that range from external presenters, workshop activities, KPMG subject matter experts and video conferences with subject matter and industry experts. The structured program will be facilitated by KPMG Australia professionals with specialisation in each of the program topics. For the remainder of the week, participants will meet with internal and external mentors to discuss specific issues facing their business, as well as work on refining their business model and product offering. Participants will also have access to engage with corporate program participants from the Mining and Energy Resources sectors during structured meetings throughout the program.
Do I have to be there for the entire 12 week period?
Yes, although we understand things come up. What you put into the program will be what you get out…and it will be intense! There is a lot of learning and development you will be absorbing over 12 brief weeks, take advantage of it!
What happens at the end of the program?
The program culminates in two pitch presentations during the last week of the program. In the customer focused pitch, businesses will have the opportunity to pitch their business to form networks and engage with the Mining and Energy Resources industry in order to sell, progress or further commercialise their idea. The investor focused pitch allows participants to get their businesses in front of high net worth individuals, angel and institutional investors as well as venture capital representatives. Businesses will also participate in a graduation day at the end of the program to celebrate their achievements over the 12 week program.
Do I have to stay in Brisbane or Perth once the program ends?
No. You are free to run your business from anywhere you want to.
What type of mentors will be involved in the RISE Scale-up Accelerator?
We have secured a first class team of mentors which will be available to all participants. The RISE Scale-up Accelerator mentors hail from our local and national community. The mentors comprise both entrepreneurs and investors who have world-class expertise in scale-ups/SMEs in the mining and energy resources sectors, as well as entrepreneurs from successful global scale-ups and experts that specialise in raising capital through global networks and markets.
Will I have any ongoing access to mentors, KPMG, METS Ignited, NERA and other program partners following the conclusion of the program?
Absolutely! After graduation, we will provide a degree of ongoing contact and support to ensure the best outcome for you. By this stage you will be able to leverage the network that you have built during the program to help support your development.
What does it cost to participate in the program?
Nothing. Zero. Nil. There is no cost to scale-ups to participate in the program. We’re here to help you get to where you want to go… we just hope that you remember us all when you’re the next Atlassian!
Does the RISE Scale-up Accelerator take equity in my business?
No. Neither the RISE accelerator team nor METS Ignited, NERA, the Queensland or Western Australian governments, or KPMG will take equity (stock) in your business for participating in the RISE Scale-up Accelerator program. Great, right?
If I am not from Brisbane or Perth, will you provide accommodation for the 12 week period?
No, we do not provide accommodation. However, regionally-based scale-ups are eligible to receive up to $10,000 travel and accommodation reimbursement (at no cost or equity) to cover reasonable costs. Many of our prior program participants have joined the program from regional areas and we would encourage regional innovators to apply!
The program will be run from KPMG’s offices in Brisbane and Perth, located at:
Where will the program be run?
During the program you will receive training from trusted advisors from across KPMG’s service areas, as well as proven entrepreneurs and subject matter experts. Topics include, but not limited to business model, value proposition, strategy, selling to corporates, pitching to investors and building the capabilities of your business. In all, up to 40 KPMG employees were engaged in the delivery of each of our prior KPMG Energise-powered programs. You will also have the opportunity to pitch your ideas to potential customers, including leading national and global Mining, Oil & Gas and Energy Resources sector corporations.
METS Ignited, NERA, the Queensland Government, the Western Australian Government and KPMG Australia will with work major Mining and Energy Resources sector companies to identify their most pressing issues and areas of interest, and to support the evaluation of scale-up applications for the program. Successful applicants 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 across Australia and beyond – all designed to ignite a new wave of innovation within the resources sector. Throughout the program, scale-ups will receive:
At the end of the process, the corporate participants may engage commercially with the scale-ups to trial or adopt the scale-up's solution into their business, helping scale-ups develop the capabilities to better gain traction with their target corporate clients. A significant number of proof-of-concept, pilot contracts and implementation projects originated out of Energise (2015), Energise 2.0 (2016-17) and the Igniting METS Accelerator (2017) and we would anticipate similar outcomes this year.
What types of businesses is the RISE accelerator looking for?
The program supports Australian companies with:
As this is a pilot national program based in Queensland and Western Australia, priority will be given to applicants who:
In the absence of customers, 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/service;
We have already taken some funding, can we still apply?
Why is the RISE accelerator only looking for post-seed funded companies or companies with revenues?
Quite simply, you can’t sell an ‘idea’ to a resources company and we can’t help a company that doesn’t exist!
The RISE Scale-up Accelerator is specifically targeting companies that are ‘further along’ i.e. have started testing the product in the market, have customers and (ideally) have generated revenue in the last 12 months. This is because the program is designed specifically to help high performing Australian businesses to fast track their growth. To do this, generally requires a proven market product and a base level of customers. There are many early-stage startup accelerator programs focussing on the earlier stages in the innovation and commercialisation lifecycle, particularly the “idea-to-product” stage; the RISE program picks up where these programs conclude and focusses on the “product-to-market” stage of growth.
Can I apply on my own?
No. The RISE Scale-up Accelerator is looking for a team of two or more people to participate in the program. Launching a scale-up and growing a business is too much work for one person!
Is there a maximum number of team members?
No. We have not set a defined upper limit on the number of team members that can attend the program for a successful applicant. However, we suggest a team of two-to-three people and each team member attends all program events to improve the outcomes for your business.
Can you help with visa/immigration issues?
No. You and your team will need to organise in advance any necessary visas to participate in the accelerator program.
When will the final RISE Scale-up Accelerator cohort be announced? How many will be selected?
Applications open from 27th November 2018 and close on 31st Jan 2019. It’s a rolling application process so we will get back to you pretty quickly. We don’t have a set quota as it depends on how many ‘game-changing’ scale-ups apply (such as yourself)! We anticipate we will select approximately eight businesses into the program in Brisbane and Perth, so approximately 16 scale-up businesses in total. The shortlisting process will be finalised in February 2019, with successful applicants notified then, for commencement in March 2019.
How do I apply?
Applications open Nov 27. Follow one of the links on this page and you will be redirected to an application platform - F6S.
Do I need to send a business plan?
No. We do however ask that you complete the application form, complete formal interviews (if required) and provide any other requested information. We do not wish to see your business plan, financial statements or marketing/product materials. We will provide you with a formal request for information if we require anything further from you or your team above and beyond the application process.
How do you choose which applicants to accept into the program?
All applications will be assessed against the RISE accelerator program criteria by a selection panel made up of industry specialists, mentors and representatives from the program partners (including METS Ignited, NERA, the Queensland Government, Western Australian Government and KPMG Australia). If you are successful in progressing to the second round, you’ll then be asked to attend an interview (in person or online) with the RISE accelerator interview panel. In this interview, we’ll want to know more about you and your team, your vision for global growth and why you want to participate in the RISE accelerator.
How many companies will be selected?
We don’t have a set quota as it depends on how many ‘game-changing’ scale-ups and SMEs apply. We expect there will be approximately 16 scale-up participants in this program (approximately 8 each in Brisbane and Perth). For our prior programs, we selected:
What is the deadline to apply for the RISE Scale-up Accelerator?
Applications for the RISE accelerator will close on 31 Jan 2019.
Is my age a factor in the selection process?
No. The age of you or your team is not relevant to the application process. Both younger and older founders/business owners and team members are welcome to apply, as long as the company and the team meet the other criteria of the RISE accelerator program.
Will contacting program mentors or representatives from METS Ignited, NERA, the Queensland Government, the Western Australian Government, KPMG Australia or the corporate partners help my application?
No, and please don’t try to call or email them. The mentors and program partner representatives have already offered their time and support to the program – please do not try to get in contact with them as this will not help advance your application.
Can I still submit an application if I do not meet all the minimum criteria?
YES! If you do not satisfy all of the above criteria in the program requirements but still believe you are suitable for the RISE Scale-up Accelerator, we recommend you complete the online application and we will consider your application as part of the program selection process.
Will you sign a Non-Disclosure Agreement?
No. We won’t show your application to anyone outside the RISE accelerator selection and interview team. As you would appreciate, we will see hundreds of applications, and some may include similar ideas. For this and other practical reasons, we are unable to sign a NDA. We would encourage you to consider this when compiling your response – we do not need you to disclose proprietary information or IP through the application process!
Does the RISE accelerator retain or obtain any rights to my intellectual property developed during the program?
No. The RISE accelerator does not retain or obtain any rights to participant’s intellectual property developed through the program. The intellectual property developed by a participating company is retained by the company.
Should I be concerned that if I apply, you won’t protect my intellectual property?
No, we won’t share your application with anyone outside of the RISE accelerator program team and partners involved in the selection process without your prior consent.
© 2019 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
is an innovation program
is an accelerator program
Connect with a select group of scale-ups ready to engage companies with proven solutions
Develop practical capabilities in innovation and scale-up engagement through a series of innovation master classes
Engage your people as scale-up mentors and contacts
Strengthen engagement with the local scale-up ecosystem
for corporates in the Mining and Energy Resources sectors
Find innovative solutions to priority operational challenges
Get “pitch ready” for exposure to corporates and investors in the Mining and Energy Resources sectors
Challenge your value proposition, business model and go-to-market strategy through deep-dive workshops, mentoring and engagement with industry leaders, entrepreneurs and subject matter experts
3 month intensive program for innovative scale-ups with proven solutions for the Mining and Energy Resources sectors
for scale-ups with solutions in the Mining and Energy Resources sectors
Mentors & Advisors
KPMG partners and specialists from across our management consulting, deal advisory, R&D tax and private enterprise practices will be joined by leading industry mentors and experts, each dedicating their time and expertise to assist our selected scale-ups and SMEs in taking their businesses to the next stage of growth.
In the absence of customers, 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/service.
Ability to demonstrate that the commercialisation of the product or service has the potential to provide substantive benefit to the Australian Mining and Energy Resources sectors.
Willingness and ability to work from the KPMG Brisbane or Perth offices for one day per week during the 12 week program.
A founding core team in place (of at least two or more full-time staff).
A technologically advanced product or service solution to the Mining and Energy Resources sectors or to industries classified as supporting the Mining and Energy Resources sectors, that is distinctive and has a realistic prospect of becoming commercially successful i.e. a prototype can be demonstrated, the product or service solution may have been tested and qualified and ready for implementation or is already proven.
The program concludes with participants pitching to companies and potential investors in the Mining and Energy Resources sectors, as well as a graduation event.
During the program, we will set up regular meetings with companies in the Mining and Energy Resources sectors to give you the opportunity to demo your technology and gain customer insight and feedback.
After an organisation is selected to participate, we will contact you with next steps.
The review process includes a phone interview and, if successful, a second interview and review by a selection committee. We usually notify you of our decision within just a few weeks.
The program concludes with participants pitching to Mining and Oil & Gas sector companies and potential investors, as well as a graduation event.
During the program, we will set up regular meetings with Mining and Oil & Gas companies to give you the opportunity to demo your technology and gain customer insight and feedback.