The Australian Latin American Market Entry Accelerator Program is seeking Australia's best companies in the technology sector with potential to enter the Chilean and Latin American markets.
Building on the success of the Australian Technologies Competition since 2011, the Council of Australian Latin American Relations (COALAR) has funded a pilot program to link the innovation ecosystems in Australia to those in LatAm and initially in Chile.
​
The inaugural Latin American Market Entry Accelerator Program was launched in November 2017. The program provides opportunities for Australian technology companies wanting to enter the LatAm market. The focus sectors are:
-
Mining Technologies
-
Agritech
-
Energy
-
Water
Shortlisted Finalists in each category will be announced in early February. Each Finalist will be assigned a mentor to work on their LatAm Market Entry Plan and will attend a one-day market entry and export readiness workshop. Finalists will be required to join the trade mission to Santiago in April 2018.
​​​
Company Eligibility
A company entering the Program will need to comply with the following eligibility criteria:
-
A technology-focussed Australian registered company with a product or service solution applicable to one of the eligible Technology Categories of Mining, Agriculture, Energy or Water.
-
The company owns or has exclusive beneficial rights to the key Intellectual Property that provides the technology solution.
-
It is an SME with less than 200 employees.
Company Commitment
Companies entering the Program will commit to the following should they be shortlisted as a Finalist:
-
Attend all mentoring and pre-trip briefings.
-
Prepare and submit its ‘International Market Entry Plan’ on schedule.
-
Participate in the trade mission to Santiago in April 2018 including covering all of their own flights and accommodation costs.
-
Provide two short assessment reports of market entry progress:
-
one month after the trade mission, and
-
twelve months after the trade mission.
-
-
Participate in future Program Alumni activities where possible and provide guidance and assistance to Finalists in future years.
​
PROGRAM FINALISTS WIN
Business Accelerator Program
The Finalists will win entry to an exclusive market entry mentoring program
Industry Showcases & Business Matching
Finalists will have opportunities to pitch to industry, investors and government partners and to attend bespoke business matching activities in Santiago in April 2018
High-Profile Awards
​Finalists and Winners receive a high profile in Australia, Chile and across Latin America
ABOUT THE AUSTRALIAN LATIN AMERICAN MARKET ENTRY ACCELERATOR PROGRAM
The Program is open to technology companies that have market potential in Latin America in the following industries:
-
Agritech
- Mining
-
Energy
-
Water
Company Benefits
Australia companies entering the Program will have access to extensive mentoring and connections in both Chile and Australia. For a company looking to expand into global markets, this program will provide a roadmap of how to succeed, connections to fund, partner and buy the solutions, profiling to key industry participants and ongoing support as a member of the ALAIC Alumni.
​
Expected outcomes for companies include:
-
Accelerated time to market;
-
Robust Business Model and Strategic Plan for new market entry;
-
International operations; and
-
Networking and strategic partnerships.
