The Nature Constructive prize established by KPMG is again for an additional spherical, this time with a give attention to the regenerative economic system and sustainable meals programs and a call-out to First Nations start-ups.
Now into its third cycle, the Nature Constructive prize goals to champion and help progressive eco-start-ups from Australia, Fiji, and PNG in constructing scalable enterprises which have a constructive influence on nature and the surroundings.
In complete, a $370,000 pool of prize cash and consulting, tax and accounting help companies is up for grabs for the 5 chosen contributors, together with a $100,000 cheque awarded to the successful enterprise by a panel of skilled judges.
Open from now till to the eighth of November, KPMG is looking for submissions from start-ups engaged on nature regeneration, together with these tackling deforestation and biodiversity loss via carbon credit score infrastructure and restoration tasks, and others serving to to trace or stop meals waste by selling sustainable agriculture and accountable manufacturing and consumption practices.
“Nature constructive has now entered mainstream company consciousness and more and more influences how companies function, and our problem focuses on two fast-growing sectors throughout the ecosystem,” mentioned KPMG chief Andrew Yates, who additional spoke on the significance of participating and tapping the information of Indigenous communities within the battle in opposition to environmental degradation.
“The brand new class for First Nations startups displays that these communities, via conventional information and practices, proceed to play a number one position in selling a harmonious relationship with the land and to innovate to guard our ecosystems. We additionally wish to recognise the expansion potential of Indigenous companies to the Australian economic system and contribution to our surroundings.”
The 5 chosen contributors will share in $250,000 value of help from specialist KPMG groups in an effort to take their concepts to the subsequent stage, whereas additionally having access to influential decision-makers throughout the business, science and influence funding communities. Along with the grand prize, a $20,000 ‘folks’s selection’ award will even be issued, as voted on by KPMG employees.
Constructive influence
The 2 previous winners have included Western Australia-based plastic options biotech Uluu, which has gone on to boost $8 million in seed funding and collaborate with surf-brand Quiksilver on a seaweed-made wax comb for his or her board-shorts, and cloud-based AI and data-driven biodiversity platform Xylo Techniques, which is now on monitor to hit the $1 million income mark subsequent yr.
“Profitable the problem was a game-changer for us,” mentioned Xylo co-founder and CEO Camille Goldstone-Henry. “The funding accelerated the launch of our platform, positioning us as a pacesetter in biodiversity tech and attracting international purchasers, whereas partnering with KPMG’s consultants sharpened our alignment with international nature frameworks, additional enhancing our price to worldwide prospects.”
