Development and Commercialisation of Eco-Innovations by New Ventures
Nicola J. Dee
University of Cambridge - Institute for Manufacturing
University of Cambridge - Centre for Technology Management
Elizabeth W. Garnsey
University of Cambridge - Judge Business School
January 1, 2007
Centre for Technology Management (CTM) Working Paper, No. 2007/02
This paper investigates opportunities and obstacles facing new environmental ventures. It does so first through a review of prior work on the growth of new ventures, then through an examination of new empirical research from the UK. Evidence from a database of 73 micro-SMEs allows a comparison between different environmental sectors and identifies obstacles particular to each sector which affect the ability of new ventures to create and capture value. Richer detail is then gained through nine case-profiles. These investigate the role of access to finance and business support in venture growth, along with how new ventures perceive opportunities and obstacles in the innovation process. By way of conclusion we identify some of the implications for environmental innovation policy that emerge from analysis of this data.
Number of Pages in PDF File: 24
Keywords: Eco-innovation, cleantech, innovation, commercialisation, barriers, business support, environmental innovation policy
JEL Classification: L23, L52, M13, O31working papers series
Date posted: September 6, 2011
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