KPMG Private Enterprise crowns Thermalytica as the 2024 Global Tech Innovator competition winner

Experts in thermal management materials and insulation solutions leads the way as Japan’s Thermalytica takes top prize in the 2024 KPMG Private Enterprise Global Tech Innovator competition.

On November 13^th, during the final event in Lisbon, Portugal, KPMG Private Enterprise announced that Thermalytica has been named the 2024 Global Tech Innovator winner, for its pioneering thermal insulation technology, powered by TIISA® that provides insulation solutions helps industries conserve energy through the use of high-performance insulation materials to help reduce energy waste.

“We are truly honored to have won this prestigious global competition which reflects the groundbreaking work of our talented team” said Rudder Wu, Thermalytica Co Founder and CTO. “This recognition inspires us to keep pushing the limits of innovation, as we remain focused on delivering advanced innovative material solutions that help industries reduce their carbon footprint and drive sustainable change for the future.”

This year’s global competition attracted more than 1,500 visionary applicants from 23 countries and jurisdictions—a remarkable milestone that reflects the ongoing mission to discover and showcase the world's leading innovators and changemakers. Year after year, the competition has continued to flourish, drawing leading tech solutions that have the potential to make a real difference in the world. I am inspired once again by the achievements if this year’s finalists and excited to support the transformative ideas of tech entrepreneurs across the world who are turning these ideas into groundbreaking tech enterprises that can continue to shape the future.

Conor Moore,

Global Head, KPMG Private Enterprise,

KPMG International

Hiroshi Abe, Partner, KPMG in Japan said, “Thermalytica’s story is remarkable. Its innovative nano-scale particle technology offers leading insulation with applications ranging from energy infrastructure, aviation, space, EVs, power electronics, hydrogen supply chains, and net-zero buildings. They are helping combat energy waste and driving sustainable solutions across industries supporting societies net-zero ambition led transition.”

"Congratulations to Thermalytica for helping to introduce the world to the technology powerhouse that Japan is becoming and for bringing this year’s KPMG Private Enterprise Global Tech Innovator crown home. They have helped bring our entire country’s dynamic tech environment into the spotlight.”

The panel of international judges for the 2024 competition included:

Anthony Lacavera, Founder & Chairman, Globalive Capital
Alexander Walsh, Senior Managing Director, Private Equity, Blackstone
Max Mohammadi, Founder & Chairman, PlasticFri (2023 KPMG Private Enterprise Global Tech Innovator Winner)
Anna Scally - KPMG’s Technology, Media and Telecoms (TMT) Sector Leader in EMA
Viktoriya Tigipko - Founding and Managing Partner, TA Ventures

Congratulations to Rudder Wu, Thermalytica CTO for reaching this important milestone. I am delighted to have had this opportunity to introduce you on the world stage and am eager to watch your growth over the coming years with an innovative product that helps companies conserve energy through its insulation materials and advanced thermal technology solutions, ultimately helping lower their carbon footprint. KPMG Private Enterprise applauds all 23 country winners who competed in this year’s Global Tech Innovator final. Each of you has demonstrated what’s possible when we all come together to reimagine the future.

Conor Moore,

Global Head, KPMG Private Enterprise,

KPMG International

The 2024 global finalists included:

Australia – Gelomics
Innovative AI-powered drug development.

Brazil – PBSF, Protecting Brains and Saving Futures
Neuroprotection of newborns at risk of brain injury

China – Easy Logic
Enhancing the integrated circuit design process

Colombia – EatCloud
Fighting hunger by redistributing unsold food

East Africa – Uncover
Specially formulated products for women of color

Estonia – Gelatex
Patented nanofiber production to facilitate 3D cell culture and tissue engineering

Finland – Skyfora
AI-enhanced weather forecasting to improve efficiency in weather-related industries

Germany – Oxolo (Mindcloud)
Digital assistant to drive efficiency individuals, teams and small businesses

Ghana – GrowForMe
Commodity financing and trading platforms for smallholder farmers and investors

India – FluxGen
SaaS platform using IoT to monitor, measure and analyze water management

Ireland – Precision Sports Technology
Software platform for real-time analysis of exercise technique

Italy – Pack SRL
Digital mentoring and coaching platform

Japan – Thermalytica
Innovative thermal insulation solutions in key sectors

Mexico – BioEsol
Energy as a service for small and medium companies

Netherlands – Incooling
A two-phase cooling process to improve chip performance

Philippines – Rezbin
A large network of tech-enabled recycling bins where infrastructure is lacking

Portugal – Bhout
Gamifying boxing bags with 3D computer vision and AI

Saudi Arabia – Ejari
A financial services platform for more affordable home rentals

Sweden – Reselo
A bio-based replacement to fossil-based rubber

Taiwan – CarbonClean Energy
CO2 utilization technologies to combat climate change

Turkey – WiserSense
Advanced IoT sensors and AI analytics to predict equipment failures and downtime

UK – Halocycle
Advanced recycling of PVC for reuse in new plastics and cleaning products

US – Mi Terro
Engineering low-value biomass waste into high-value materials

For press requests, please contact:

Daniel Caines
KPMG International
t: +44 7732 400262
E: daniel.caines@kpmg.co.uk

About KPMG Private Enterprise

Passion, it’s what drives entrepreneurs, it’s also what inspires KPMG Private Enterprise advisers to help you maximize success. You know KPMG, but you might not know KPMG Private Enterprise. KPMG Private Enterprise advisers in KPMG firms around the world are dedicated to working with you and your business, no matter where you are in your growth journey — whether you’re looking to reach new heights, embrace technology, plan for an exit, or manage the transition of wealth or your business to the next generation. Working with KPMG Private Enterprise, you’ll gain access to a trusted advisor — a single point of contact who shares your entrepreneurial mindset. Access to KPMG’s global resources and alliance network can help you drive your business forward and meet your goals. Your success is KPMG Private Enterprise’s legacy.

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