KPMG Australia has launched a new High Growth Ventures practice designed for local start-ups to leverage the extensive network of the global string of firms.
Specifically, the new practice looks to support entrepreneurs by enabling access to capital, customers and global networks spanning the US, Israel, Europe and the UK.
The firm said that its major focus was supporting the development of start-ups that can rapidly scale through education, hands-on support and connections to the right networks and new customers.
“Today’s launch of a dedicated practice supporting entrepreneurs and the startup ecosystem is a natural progression for KPMG,” said KPMG Australia National Managing Partner for Innovation, Ken Reid.
“We have been highly active in Australia’s startup ecosystem and proven how corporate support can help startups such SimPRO, Sendle and GreenSync supercharge their growth.”
“Being a founding partner of Stone & Chalk and through launching pioneering accelerator programs such as elevate61, Energise and mLabs – we’ve built an understanding of how KPMG can best engage and support entrepreneurs. KPMG’s new High Growth Ventures practice is the next step – and will help the next generation of Australian entrepreneurs go global.”
Heading up the initial team of five specialists is start-up industry figure, Amanda Price. In the new role, Price brings a wealth of experience having worked in the nascent local start-up scene in multiple roles, including as CEO of early ad-tech startup AirWORKS Media.
She has spent the past decade working in California and Australia, first as vice president of business development, partner relations and operation for EYEcorp, as vice president of innovation for Advance, and founder and CEO of ausEmerge – a consultancy that provided Australian startups with a range of services designed to accelerate their entry into the US including through KPMG’s elevate61 program.
“Over the past five years Australia’s startup ecosystem has begun to mature, with more fast-growing businesses understanding their potential to go global and more capital available,” she said.
“But many of our startups face strong hurdles to international growth, and fail to realise their full potential to be global leaders.”
“By helping to bring the rigour, expertise and connections of a global professional services firm to help startups – we are creating a platform for high-performing Australian entrepreneurs to succeed on the global stage,” she said.