Three promising Australian mining tech start-ups have taken home awards at the Igniting METS Accelerator program graduation night.
The 12-week program culminated in pitch events with industry representatives and the investment community, as well as a graduation event in Brisbane.
Vayeron, an industrial IoT company that developed the Smart-Idler sensor technology, took home the Customer Pitch Award, judged by corporate participants and potential clients for mining technology.
XDR, which designs, manufactures and sells onshore oil and gas well workover rigs, took home the Investor Pitch Award, judged by representatives from the investment community.
In addition, Artemis Intelligent Robotic Systems, which provides complete through wall analysis of tubular structures with three-dimensional reporting, won the Program Choice Award, representing the most promising scale-up as judged by Igniting METS.
METS Ignited chief executive Ric Gros said the Igniting METS pilot program assisted the latest wave of innovation within the sector.
“The achievements of our excellent participants in securing interest from large clients and investors demonstrates the wealth of opportunity in the sector,” Gros said.
“It has been a very successful program for METS Ignited and has demonstrated the importance of regional innovation. The program has evidenced the depth of innovation to provide a rich source of ideas and capability to solve industry challenges.
“Our role has been to assist these companies in turning their innovative ideas into commercial realities quickly and effectively enough to ensure they can grow and scale-up in a sustainable way while maintaining their competitive advantages.”
The Igniting METS accelerator is supported by the Australian and Queensland Governments. It provided eight scale-ups access to financial, marketing and technical advice to commercialise their products and services and gain additional traction in the mining sector.
Delivered by the team behind the KPMG Energise accelerators, the scale-ups have been fast-tracked through an intensive 12-week program of deep-dive workshops, mentoring and support from industry leaders, entrepreneurs and subject matter experts from Australia and internationally.
The eight Igniting METS graduates are: Artemis Intelligent Robotic Systems (Whitsunday Islands), Commit Works (Brisbane), FDP Mining (Rockhampton), Mackay Conveyor Equipment (Mackay), Paradyn Systems (Melbourne), Quick Safety (Toowoomba), Vayeron (Mackay), and XDR (Ipswich).