Recent developments, from renewable energy advancements to waste reduction technologies, are helping reduce emissions and creating new business opportunities—especially for small and medium enterprises (SMEs) eager to participate in this shift.
The rise of renewable energy tech across industries including solar, wind, and bioenergy projects is expanding as the government and private sector work toward net-zero emissions targets. Australia has seen increasing levels of investment in green technology startups, supported by government incentives like the Clean Energy Innovation Fund and the Australian Renewable Energy Agency (ARENA). These initiatives provide vital capital to projects focused on energy storage, hydrogen fuel, and other transformative clean technologies.
SMEs play a critical role in this sector, as smaller, agile companies can often drive innovation faster than their larger counterparts. Many Australian SMEs are pioneering solutions in sustainable packaging, energy-efficient manufacturing, biodigestion, algae, etc, creating products and processes that reduce environmental impact and lower operational costs. Thomson & Peach sees a significant opportunity for these businesses to leverage existing grants and advisory support as they work towards developing and commercialising new products and services.
With global demand for sustainable solutions rising, innovative Australian SMEs stand to benefit from export opportunities as well. Programs such as the Export Market Development Grants (EMDG) support local businesses to bring their innovations to an international audience.
As Australia continues to support and promote sustainable and transformative programs, SMEs have a unique opportunity to make an impact. Through targeted strategies, efficient access to funding, and partnerships, SMEs can scale their ideas to shape a greener, more resilient future. At Thomson & Peach, we’re dedicated to helping businesses harness these opportunities, develop impactful strategies, and navigate the grants landscape to achieve their sustainability goals.