Consultancy giant KPMG Australia is offering a $100,000 prize as part of a new program to a startup working on technical solutions to tackle wildlife and biodiversity issues.
The KPMG Nature Positive Challenge is designed to encourage and support the growth of the country’s most innovative startups and impact enterprises in the eco-space. The program will select and support four high-potential projects operating in areas such as reforestation, regeneration, conservation, carbon removal, disaster resilience, resource circularity and bioproducts to help them develop their capabilities.
A $200,000 pool of custom support is available to help scale their businesses and the startup with the most scale potential and a significant impact on nature will also receive the $100,000 KPMG Nature Positive Prize.
Andrew Yates, CEO of KPMG Australia, said the inaugural Nature Positive Challenge will also connect enterprises with useful partners from industry, business, science, knowledge and community, and impact investors.
“This challenge represents the start of a significant long-term investment by the company to support positive environmental outcomes based on resource regeneration, resilience and circularity,” he said.
“I hope our actions encourage more eco-startups to thrive.”
The KPMG Nature Positive Challenge runs from May to August and the $100,000 prize will be awarded in June. All four companies will be featured at a Nature Positive Showcase event in August.
KPMG Natural Capital & Biodiversity Global Lead Carolin Leeshaa, one of the Challenge judges, said the economy, livelihoods and well-being of people all depend on nature.
“If we take the time to ask the question right, the need is very clear: we need to grow within the confines of Earth’s biosphere and catalyze the systemic shift needed to grow in harmony with nature,” he said. they.
“The KPMG Nature Positive Challenge creates a platform for concerted action to embrace nature as an opportunity, turn ideas into impact, and accelerate transformative business models, technologies, data and innovative approaches that protect and restore nature while simultaneously broadening economic, social and cultural benefits.”
More about the challenge is available at kpmg.com/au/naturepositive