KPMG Australia and Stone & Chalk Group announced the first Future Technology Program cohort, which aims to supercharge the growth of homegrown Australian startups building supply chain solutions. Recipients will receive a personalised support program to help their businesses rapidly grow and scale. In Australia, 75% of businesses experienced significant supply chain disruptions over the past year, according to internal KPMG research.
What does the program mean for Aussie startups?
The devastating COVID-19 pandemic has exposed significant opportunities for innovation to help tackle the challenges faced across the supply chain, such as limited valuable data, insufficient risk management and a fundamental lack of agility. The successful startup founders and their teams will receive residency for 12 months at one of Stone & Chalk Group’s startup hubs located nationally in the heart of Sydney, Melbourne or Adelaide.
The successful founders and the teams will also be provided access to a tailored support program from KPMG And Stone & Chalk covering investor readiness, industry insights, connections to potential clients, and mentoring on how to sell to large, global companies etc.
“We are honoured to have been selected for the first cohort of this program, set up shop at a Stone & Chalk startup hub and work alongside KPMG, who is a leader in supply chain management consulting,” commented Fenella Boyce, Chief Executive Officer of Versed AI.
“We plan on utilising the opportunity to build Versed AI’s cutting-edge tech to better shape the future of supply chain management and procurement in Australia,” Fenella Boyce further said.
Who were the 2022 recipients?
Future Technology Program 2022 recipients:
Adiona (Richard Savoie, CEO)— Helping to move people and goods more efficiently in an increasingly urbanised world through the implementation of AI and commercial mathematics in the cloud that can offset the programs urbanisation presents.
Cynch (Susie Jones, CEO) — Helping small businesses prevent cybersecurity incidents by working closely alongside them, continuously profiling their business to develop strong and robust cyber fitness.
What is the purpose of the program?
“I am thrilled to celebrate the Future Technology Program 2022 winners. They are a distinguished group of founders that represent the next generation of emerging supply chain tech in Australia,” said Stone & Chalk Group Chief Executive Officer, Michael Bromley.
“It is also hugely encouraging that four out of five of the startups selected are led by female founders. We look forward to working hand-in-hand with KPMG to help these companies realise their ambitions, by providing access to a community that comes together to advocate and encourage one another in a way not possible anywhere else in Australia,” Bromley said.
Sarah Vega, National Managing Partner, KPMG Futures said: “Creating more resilient, more transparent, and more sustainable supply chains is one of the biggest challenges of our time.”
“The program helps us to uncover new innovative tech for our clients, who are hungry for solutions but often struggle to engage with startups in a positive and meaningful way.”
“KPMG is thrilled to be bringing together this diverse cohort of exceptional entrepreneurs who are building new technology to drive real change for producers, for companies, and, importantly, for the planet. These five startups are bringing trust, verification, transparency and efficiency to supply chains in a way that is critical to the future agenda,” Vega said.
The next cohorts of the Future Technology Program will focus on startups solving problems in other sectors, with the next round slated to kick off in February 2023.