KPMG High Growth Ventures today revealed the five Australian finalists for the KPMG Global Tech Innovator competition.
The competition, which seeks to identify the world’s most innovative and exciting tech startups, received a record-breaking number of entries in Australia, with over 155 submissions.
The five finalists will take the stage in Sydney to present their innovative solutions in front of a panel of judges and industry leaders on 14 August as they aim to be crowned KPMG Australian Tech Innovator 2024.
The winning startup will receive a golden ticket to compete as the Australian representative at the KPMG Global Tech Innovator final in November at Web Summit in Lisbon, Portugal. They’ll have the opportunity to present their technology in front of 70,000 investors, policy makers and industry leaders at one of the world’s largest startup and technology conferences.
Amanda Price, Head of KPMG High Growth Ventures, said: “Going global is an imperative and a challenge for Australia startups. The KPMG Tech Innovator initiative helps put founders on the map by showcasing their innovation at the largest tech conference in the world.
We were delighted with the breadth and depth of Australian innovation we saw during the process to select these finalists. Each entry was unique and demonstrated a high level of global potential, making the selection process incredibly challenging.”
The judging panel for the competition includes Josh Geelan, Partner – KPMG Enterprise, Emerald Scofield, Investment Associate – Main Sequence, Jerry Stesel, Co-Founder and General Partner – OIF Ventures, Melissa Widner, CEO – Lighter Capital, and Chris Gillings – VC investor – Five V Capital and Founder – Cut Through Venture.
The five finalists for the Australia leg of the KPMG Global Tech Innovator are:
DoveTail Electric
CEO & Co-Founder – David Doral
DoveTail Electric provides an integrated electric system that includes electric motors and battery packs to turn existing airframes into zero-emission commercial aircraft for short flights. This enables clients to get modified aircraft for regional flight, integrating hydrogen systems and aviation operators to avail the service for a financially sustainable future.
Eden Brew
Co-Founder & CEO – Jim Fader
Eden Brew uses precision fermentation to brew nature-identical casein (dairy) proteins. These caseins are then combined in the presence of nutrition, to form the casein micelle, the same as in dairy milk. The micelle is fundamental for nutrient loading and bioavailability, heat stability, and many of the sensory and physical properties loved by consumers in dairy milk & dairy consumer products.
Gelomics
CEO – Christoph Meinert
Gelomics revolutionises drug development by enabling pharmaceutical companies to grow human tissue in a petri dish. This disruptive innovation serves as a highly predictive alternative to animal experiments and conventional cell cultures, which commonly fail to predict human drug responses accurately. The technology will significantly reduce the reliance on animal testing, accelerate drug development, cut costs, and enable life-saving treatments to reach patients quicker and safer than before.
InTruth Technologies
CEO & Founder – Nicole Gibson
InTruth Technologies is a developer of a wearable-compatible app that tracks your emotional state in real-time, and provides hyper personalised AI insights, acting as a personal emotion coach and decision-making tool.
Sustainable Salons
Co-founder – Paul Frasca
Sustainable Salons partners with salons to collect and repurpose waste materials like hair, metals, plastics, and chemicals. These materials are transformed into valuable resources, such as hair booms for oil spills, soil treatments for plants, and plastic for closed-loop products.
The Australian KPMG Global Tech Innovator will be selected based on the following criteria:
• Innovation and disruption
• Market potential
• Customer adoption
• Marketing/buzz
• Long-term potential
• Quality of pitch
The winner of the KPMG Australia Tech Innovator will be crowned on Wednesday, 14 August.
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KPMG High Growth Ventures today revealed the five Australian finalists for the KPMG Global Tech Innovator competition. News, KPMG Dynamic Business
