KPMG has announced the launch of the Nature Positive Challenge aimed at supporting eco-startups by fostering ideas, solutions, and technologies that promote positive environmental outcomes. This year, the challenge will focus on two key themes: the regenerative economy and sustainable food systems, both of which are particularly significant for Fiji and the South Pacific region.
The challenge will see five ventures benefit from a total pool of $250,000 worth of services, which includes access to KPMG’s business leaders and specialized teams to help advance their initiatives. The top startup will be awarded the KPMG Nature Positive Prize of $100,000 as an unconditional cash prize. Additionally, one of the five finalists will receive $20,000 through a ‘People’s Choice’ vote by KPMG employees.
KPMG intends to connect these startups with valuable industry, business, scientific, and community partners, as well as impact investors. Previous winners of the Nature Positive Challenge include Uluu, a biotech company focused on plastic alternatives that has secured $8 million in seed funding and collaborated with Quiksilver, and Xylo Systems, a biodiversity data platform that anticipates achieving $1 million in turnover next year.
Camille Goldstone-Henry, Co-founder and CEO of Xylo Systems, the 2023 KPMG Nature Positive Prize winner, stated, “Winning the KPMG Nature Positive Challenge was a game-changer for us. The funding accelerated the launch of our platform, positioning us as a leader in biodiversity tech and attracting global clients. Partnering with KPMG’s nature and biodiversity experts sharpened our alignment with global nature frameworks, further enhancing our value to international customers.”
With a total of AUD370,000 available in advisory support and prize money this year, KPMG is inviting applications from innovative ventures focused on delivering nature-positive solutions and technologies. The application window for the KPMG Nature Positive Challenge is open from October 10 to November 8, 2024.
(Note: Prize amounts for local Fijian winners will be disbursed in local Fijian currency.)