Queensland company Envirosuite has taken out a major win in the Australian – Latin American Market Entry Accelerator Program.
The LatAm Accelerator program offers mentoring, introductions and pitching opportunities to help Australian companies export successfully to the LatAm market.
Launched in late 2017, the program invited 10 Australian companies to participate in a 6-month mentoring program followed by a pitching contest in Chile in April this year.
Brisbane-based Envirosuite came home big winners from the pitching contest, taking out both the Water Tech category and People’s Choice Award.
Envirosuite CEO Peter White said the win would help springboard the company into the Latin American market.
‘Our Envirosuite software enables companies to carry out real-time environmental monitoring and management so that they can meet their environmental obligations, minimise risk, and optimise their performance,’ he said.
‘We’re already working with a range of high-profile companies in Australia, including Veolia, Rio Tinto and BHP Billiton.
‘This win in the accelerator program means we will receive further support to help us take our world-class product to LatAm companies.
‘We signed our first two Envirosuite clients in Chile earlier this month, and we’re very excited about building this new market further.’
Speaking to Australian Anthill, accelerator founder John O’Brien said the Latin American market had many similarities to Australia.
He said the contest judges were looking for Australian agritech, mining, energy and water companies that could transfer their technology to the LatAm environment.
‘The judges were looking for Australian technology companies with the greatest chance of building significant export markets in Latin America,’ he said.
‘This program offers immense opportunities in a market environment that is often overlooked.’
Queensland had a great showing in the program, with 3 other Queensland companies also participating in the mentoring and pitching phases: Ceres Tag (smart ear tags for farm animals), Obzervr (online field data collection) and Core Resources (mine process technology).
The Australian – Latin American Market Entry Accelerator Program is supported by the Australian Government through the Council on Australia Latin America Relations.
TIQ staff in Brisbane and Santiago office are now working with Envirosuite to identify additional potential LatAm clients.
Supporting exporters is a key goal of the Queensland Trade and Investment Strategy 2017–2022.