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KPMG has entered into a strategic alliance that will allow the firm to target "high-potential" Australian entrepreneurs and companies.
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KPMG announces new alliance
10 December 2014
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The firm has partnered with global not-for-profit Advance to create a new program, Elevate61. The program has been specifically designed to help entrepreneurial companies enter new markets and accelerate growth overseas.
Elevate61 will be open for applications from January 2015. The training program will commence in April and will include travel to the USA in May to meet with potential investors and new international customers. An investor roadshow will also be held in Australian capital cities in June.
“It’s part boot camp, part connectivity for entrepreneurs,” according to KPMG Australia’s head of innovation, Martin Sheppard.
“KPMG is providing coaching and workshops to help high-potential companies navigate through the myriad of expansion challenges – such as corporate structuring, valuations, R&D, tax and accounting. Likewise we are bringing our extensive network of clients keen to share, learn and potentially collaborate with these entrepreneurs.
“Critically, Advance is providing its experience in delivering similar programs and introductions to potential customers and investors through its innovation ecosystem in the Silicon Valley, Los Angeles, New York and Australia,” Mr Sheppard said.
Advance's role will focus on the exchange of knowledge, connections and ideas to build entrepreneurial Australian companies globally, according to KPMG.
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Advance is a community of more than one million ‘global Australians’ and two million alumni of Australian universities who are forging connections and drawing on each other’s expertise and networks to open doors, create opportunities and act as a knowledge resource for Australia, the firm said.
Serafina Maiorano, chief executive of Advance, said her philosophy is that a good business can become a great business with the right connections and advice.
"Elevate61 has been designed to leverage the strengths of Advance and KPMG to help participants achieve rapid traction and growth in Australia and the US through access to global corporations, US-based networks of advisers and the investor community,” she said.
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