The Triple Win Opportunity of Climate Tech

Jun 28, 2022

2

min read

To date, there has been no survey of Australian and New Zealand climate tech companies, and so in April we designed a survey, aiming to discover the breadth, depth, strengths, diversity and opportunities of the climate tech industry. This report is the analysis and reporting of the data from that survey.

The ANZ climate tech industry is already strong, with breadth across sectors, companies at scale and diversity of teams. It will continue to grow and has potential for significant local jobs and global impact.

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About This Report

We asked 101 questions to 171 climate technology companies in Australia and New Zealand. This is the first time this report has been produced and feedback is welcome on ways we can improve its design and impact for next year.

Critical Takeaway

Investing in climate technology and the supporting ecosystem represents an enormous opportunity for a triple win:

Win 1: We will contribute to getting the planet back to sustainability
Win 2: We will elevate our research and innovation sectors
Win 3: We will create a strong economy and a million new jobs for the future

Priority Insights

2030 ambition is the reduction or removal of almost 1,000 gigatonnes of CO2 from the atmosphere.
39.7% of companies have at least one female founder.
4,000+ jobs have been created, with 2,000+ more in next 12 months.
Climate tech has in total raised $1.4B during the last 12 months.

Important Insights

38% of companies headquartered in NSW, 22% in Victoria, 13% in Queensland and 7% in New Zealand.
The largest sectors are Data and Finance, Circular Economy and Agri Food, while Biosphere is the smallest sector.
There is an fairly even spread of companies across stages of growth, with 27% at prototype and 16% at scale.
Impact goals are dominated by carbon reduction at 48%.
38% of companies are developing new IP with 31% using patents.
85% companies are B2B, with roughly equal secondary focus on B2C and B2Government (24% and 20% respectively).
83% of companies are at pre-seed or seed stage, while 17% have raised Series A or B.
Total valuations of all companies was $4.2 billion.
Most companies are already operating in at least one international market or have plans to expand beyond domestic markets (90%).
Market focus is evenly spread between North America, Asia and Europe.

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