Clean Technology Ventures and Innovation

Centre for Technology Management (CTM) Working Paper, No. 2006/01

32 Pages Posted: 6 Sep 2011

See all articles by Elizabeth W. Garnsey

Elizabeth W. Garnsey

University of Cambridge - Judge Business School

Nicola J. Dee

University of Cambridge - Institute for Manufacturing

Simon Ford

University of Cambridge - Centre for Technology Management

Date Written: October 1, 2006

Abstract

Entrepreneurial innovators have been agents of transformation throughout history, but they have not had the scope to perform this role in the environmental domain. We propose an explanatory model that depicts the processes that give rise to innovation by new entrant firms. We apply this model to evidence from a study of problems faced by 73 environmental ventures. We present supporting evidence from case studies that demonstrate how entrepreneurial innovation is brought about by problem solving practices under resource constraint and decision-making flexibility. We point to the value of promoting technological options and the diversity and complementarities to which new entrants give rise.

Keywords: Entrepreneurial innovation, eco-innovation, cleantech, new environmental ventures, resource contraints

JEL Classification: D21, L23, M13, O31

Suggested Citation

Garnsey, Elizabeth W. and Dee, Nicky J. and Ford, Simon, Clean Technology Ventures and Innovation (October 1, 2006). Centre for Technology Management (CTM) Working Paper, No. 2006/01, Available at SSRN: https://ssrn.com/abstract=1923102 or http://dx.doi.org/10.2139/ssrn.1923102

Elizabeth W. Garnsey

University of Cambridge - Judge Business School ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom
+44 (0) 1223 338183 (Phone)

HOME PAGE: http://www.jims.cam.ac.uk/people/faculty/garnseye.html

Nicky J. Dee (Contact Author)

University of Cambridge - Institute for Manufacturing ( email )

17 Charles Babbage Road
Cambridge, CB3 0FS
United Kingdom

HOME PAGE: http://www.ifm.eng.cam.ac.uk/people/nd248/

Simon Ford

University of Cambridge - Centre for Technology Management ( email )

Alan Reece Building
17 Charles Babbage Road
Cambridge, CB3 0FS
United Kingdom
+44(0)1223 766776 (Phone)

HOME PAGE: http://www.ifm.eng.cam.ac.uk/people/sjf39/

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