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QuantumTX accelerator welcomes 20 startups

The QuantumTX Queensland METS Technology Accelerator has announced the final selection of its participants for the 2023 program. 

In partnership with the Queensland State Government and METS Ignited, the program provides a 12-week intensive business training and mentoring program to small businesses and late-stage startups seeking growth opportunities. 

The selected companies include Aevi Tech, Airconnect, Carbon Compass, CFS – Univat, Concrete Data Sensors, Eyemine, Hermes and Soteria, Hindsite Industries, ID Culcha, Improve 10, Insitu Geotech Services, Interlate, MIDAS Tech, Outback Comms, Orblin Dynamics, px4 Software, Redline Automation, Scaffplan, Skyscan, and Stauch Technology.

Participants will receive personalised mentoring and training worth $25,000 each, covering market engagement, profile raising, staff development, export readiness, and international introductions. 

The program also offers expert speakers from mining, defence, space, and technology companies, venture capital firms, and export markets. Its aim is to equip businesses with the skills to expand into new markets locally and internationally, concluding with a pitching event in Brisbane.

METS Ignited is collaborating with the Queensland Government to accelerate the commercialisation and productisation of innovative technologies, promoting economic and job growth in the state. QuantumTX founder Peter Rossdeutscher stated that QuantumTX supports local and regional technology companies with applications that can be implemented across multiple sectors. 

METS Ignited CEO Adrian Beer added that the selected companies have impressive innovations and strong growth potential, and METS solutions can quickly scale into significant businesses. 

Past alumni of the QuantumTX Queensland program include exceptional businesses that have gone on to rapid growth and garnered numerous awards. The 2023 cohort is a strong mix of technology, innovation, and depth in supporting market imperatives for innovation in areas such as decarbonisation and safety. 

The program is valued at $500,000 but is expected to exceed that amount by accelerating commercial outcomes for each participating business. Dr Jenny Legge, CEO/founder of Staunch Technology, and a participant in QuantumTX Queensland 2023, expressed excitement and gratitude for being accepted into the program. 

Staunch Technology’s technology helps resource industry employers predict and prevent workplace injuries, enabling them to work smarter and reduce risks. 

The program will help the company understand new markets, foster employment growth, and connect them to venture capital that aligns with their export market plans. The 2023 program is a crucial component of the Queensland Government’s initiative to build a world-leading METS sector that adds more than $3 billion in value to the state’s economy and employs over 30,000 people.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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