The TRaCE SME Scaling Suite is inviting expressions of interest from small and medium enterprises developing recycling and clean energy technologies, with a combined funding pool of $2.1 million available through a coordinated support program.
The initiative brings together three forms of assistance that are often accessed separately, allowing businesses to enter through a single application process and be assessed for the mix of support most suited to their stage of development.
The extension of applications until 15 June provides additional time for eligible businesses to consider opportunities available through the program.
Addressing barriers to growth
TRaCE developed the SME Scaling Suite after identifying recurring challenges faced by climate technology businesses seeking to progress from development and validation toward commercial deployment.
Many SMEs have strong technical concepts but encounter difficulties accessing capital, specialised research capability and engineering expertise at the same time. The program has been structured to connect these resources through a coordinated process designed to help businesses progress technologies more efficiently.
Applications are assessed individually, with participants matched to support based on their needs and readiness.
Connecting research, engineering and investment
The suite includes access to dedicated engineers through the UNSW Technology Translation Squad, where electrical engineers can be embedded within projects to help address technical issues involving electrical, electronic and control systems.
Research support is available through an R&D Voucher program, providing access to specialised equipment and researchers, along with matched funding of up to $30,000 per project to assist development activities and reduce technical risk.
A third component, the Early-Stage Seed Fund, offers investment support aimed at helping companies move from validation into commercial growth.
Businesses may be matched with one, two or all three forms of assistance following assessment by a TRaCE Program Manager.
From application to commercialisation
The process begins with an expression of interest, followed by evaluation and matching to relevant support streams.
Once engaged, participating SMEs can receive assistance across research, engineering and capital pathways before progressing toward scaling and commercialisation activities.
The model is intended to provide a clearer route for businesses that may otherwise need to navigate multiple programs and funding channels independently.
Drawing on university expertise
The program is delivered through partnerships with UNSW and the University of Newcastle, providing participating businesses with access to research expertise, facilities and industry networks.
TRaCE says these connections can help strengthen technology validation and support engagement with investors as products move closer to market.
With applications now extended until 15 June 2026, climate and recycling technology SMEs have additional time to explore how the coordinated program could support the next phase of their development.
