20 startups and scaleups on Monday made the cut for a $500,000 Queensland government-supported accelerator program that has helped launch companies like Gilmore Space Technologies and Universal Field Robotics
Participants in the QuantumTX Queensland METS Technology Accelerator will each receive a mentoring and training package worth $25,000 in the program, which focuses on accelerating commercial outcomes.
Supported by the state government and METS (Mining Equipment, Technology and Services) Ignited Growth Centre, the program targets technology, mining, defence, and space companies looking to scale up their companies both domestically and in international markets.
In addition to the formal training, participants are connected with industry mentors, investment firms and export markets, with the program culminating in a Brisbane pitching event.
The 20 participants of the 2023 QuantumTX Queensland METS Technology Accelerator are:
|Insitu Geotech Services
|Hermes and Soteria
|CFS – Univat
|Concrete Data Sensors
Since its inception in 2018, the QuantumTX incubator program has delivered around $3.5 million to support more than 100 startups.
Alumni from the program include Gilmore Space Technologies, which has gone on to work with major government and commercial customers, and Universal Field Robotics, which employs dozens of engineers and sells to the global market of mining technology.
“Queensland has a proven record in the Mining equipment, technology and services arena and now more businesses will be better equipped to take advantage of the opportunities being presented to them,” Queensland deputy premier Dr Steven Miles said.
“The Palaszczuk Government is committed to collaborating with business to build the sector even more.”
METS Ignited chief executive Adrian Beer said the initiative has a proven track record across several sectors.
“We have seen strong commercialisation outcomes from previous QuantumTX programs in Queensland and look forward to tracking the future progress of those participating in this round,” he said.
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