Our brilliant partners at Monash University, in partnership with Swinburne University and our team here at Waterloo have secured an Australian Research Council Grant (ARC) in the amount of $335,000. Building on the TRANSFORM foundation, A/Professor Wendy Stubbs (Monash Uni), A/Prof. Megan Farrelly (Monash Uni) and Prof. Niki Frantzeskaki (Swinburne University), together with TRANSFORM Director Prof. Sarah Burch will further expand the reach of TRANSFORM to build a deeper understanding of how we can shape future supportive and innovative policies and strategies for organizing and governing SMEs’ pathways to a sustainable society. Together with two PhD students, the team will work closely with SMEs and policy officers to forge ahead in defining the role of SMEs as a major player in Australia’s economic, social, and environmental welfare.
SME’s are critical to Australia’s transition towards a more sustainable economy and society. This research will advance the capacity and support for small-medium enterprises to adopt sustainable business models. The study will inform potential policy and practice that supports small-medium enterprises in becoming hubs of sustainable innovation. Australia and other countries are grappling with the significant policy challenge of accelerating economic growth while also implementing sustainable transformation. This project will help identify cost-effective ways for small-medium enterprises to access government and other organizations’ resources for embedding sustainability. It will also provide insights into ways for streamlining associated government policies. This knowledge will directly benefit Australia’s economic and environmental prosperity via facilitating small-medium enterprises’ sustainable transformations.