Mackay business gets award
“Could have meant the difference between life and death for our company”
Wednesday 29 November 2017
Two of the four Central Queensland businesses graduating from the Mining Equipment, Technology and Services (METS) accelerator program, have received graduation awards this week.
Mackay based Vayeron won the Customer Pitch Award for its “Smart-Idler” which predicts roller failure in conveyor systems, while Artemis Intelligent Robotic Systems from the Whitsunday Islands won the Program Choice Award for its work on the three-dimensional analysis of tubular structures, using through wall technology.
Ryan Norris from Vayeron told Shift Miner the recognition and program overall has been great for commercialising their technology.
“To be recognised for our customer pitch has meant that we have received validation from our target customers that we are bringing to market a solution which they want,” he told Shift Miner.
“Validation in such a public forum is really encouraging as it means we are on the right track.
“The accelerator process was very valuable and provided an opportunity to get up on stage, hone my presentation skills, and deep dive into our value proposition.
“It made us look at how we outwardly present our company and actively work on the strategies we use to engage with our target customers.
“The 12 weeks spent dissecting our business and working on it, rather than in it, could have meant the difference between life and death for our company.”
Program Director Ashley Brown, from accounting firm KPMG, said the first intake had proved the value of the accelerator program.
“This pilot program was conceived to test the ability of an accelerator to supercharge the growth of new METS scale-ups,” he said.
“Our program has confirmed our belief that there is innovation in regional areas, just waiting to be unlocked, with five of our eight participating scale-ups from regional Queensland.
“We are delighted to be presenting eight transformed businesses, many of whom now have significant commercial and investment deals in the works, and we hope to be in a position to make further market announcements soon."
The Igniting METS accelerator program is supported by Federal and State Governments and over three months, gives businesses access to financial, marketing and technical advice to commercialise their products.