New ventures in Cleantech: opportunities, capabilities and innovation outcomes

Hans Lööf (), Andreas Andreas and Febi Wulandari
Additional contact information
Andreas Andreas: Jönköping International Business School (JIBS) & Centre of Excellence for Science and Innovation Studies (CESIS)
Febi Wulandari: Jönköping International Business School (JIBS)
Authors registered in the RePEc Author Service: Andreas Stephan and Febi Jensen (Wulandari) ()

No 467, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: Facing the challenge of climate change, innovations that imply environmental benefits create business opportunities for entrepreneurs. This paper analyzes innovation capabilities of startups in Cleantech and how the innovation outcomes of those startups develop over time. Based on the Mannheim Foundation Panel and applying propensity score matching, a cohort of 566 Cleantech startups is analyzed and compared with a control group of non-Cleantech startups. We find that startups in Cleantech have, on average, higher innovation capabilities compared with all startups. However, Cleantech startups are a heterogeneous group including ventures using common technology and those developing new technology. Our econometric evidence shows that, ceteris paribus, Cleantech startups are more likely to combine existing technology in a novel way. Finally, we find that Cleantech startups do, on average, develop more market novelties in later years compared to theirs peers.

Keywords: Innovative startups; green innovations; Cleantech; capabilities; policies (search for similar items in EconPapers)
JEL-codes: M13 O13 O25 O31 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2018-06-01
New Economics Papers: this item is included in nep-cse, nep-ent, nep-env, nep-ino, nep-res and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://static.sys.kth.se/itm/wp/cesis/cesiswp467.pdf Full text (application/pdf)

Related works:
Journal Article: New ventures in Cleantech: Opportunities, capabilities and innovation outcomes (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0467

Access Statistics for this paper

More papers in Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Vardan Hovsepyan ().