Innovative ideas from Queensland’s mining equipment, technology and services (METS) sector now have the opportunity to be fast tracked to market thanks to the Palaszczuk Government’s dedicated late-stage industry accelerator program.
Speaking at South Brisbane METS company, Velseis Integrated Seismic Technologies, Minister for State Development Dr Anthony Lynham invited Queensland METS companies to apply for the Igniting METS Accelerator program.
“Delivering the Accelerator and other programs that will drive METS innovation in Queensland is why we’ve partnered with Australian Industry Growth Centre METS Ignited,” Dr Lynham said.
“A commitment to research and development is a huge part of what makes Queensland’s METS sector a leader, and the Palaszczuk Government is investing $6 million over four years to help our METS companies turn their good ideas into commercial products faster.”
Queensland METS companies with a prototype or other well-advanced product or service have until 30 June to apply to enter the accelerator: a 12 week program of expert mentoring, deep-dive workshops and exposure to industry experts, including potential customers, that will help them refine and commercialise their idea.
“The late-stage Igniting METS Accelerator will complement the Unearthed accelerator program run out of the Department of Science, Information Technology and Innovation that was launched two weeks ago,” Dr Lynham said.
“That early-stage accelerator program targets METS companies at an earlier stage of the commercialisation.
“Together, these two Palaszczuk Government programs give any of Queensland’s 800-plus METS companies with a good idea a real pathway to turning it into a commercial reality.
“The resources industry is part of the lifeblood of the Queensland economy.
“We know mining, we know gas, and we know the technology and services those industries need to thrive. This government is committed to seeing great Queensland METS companies grow, prosper and deliver jobs for Queenslanders.”