Accelerating the Cleantech Revolution: Exploring the Financial MobilisationFunctions of Institutional Innovation Intermediaries

Friedemann Polzin (), Paschen von Flotow () and Laurens Klerkx ()
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Friedemann Polzin: 1 EBS Business School, Strascheg Institute for Innovation and Entrepreneurship (SIIE), Rheingaustr. 1, 65375 Oestrich-Winkel, Germany
Paschen von Flotow: Sustainable Business Institute (SBI), Burgstr. 4, 65375 Oestrich-Winkel, Germany
Laurens Klerkx: Knowledge, Technology and Innovation Group, Wageningen University, Hollandseweg 1, 6706 KN, Wageningen, The Netherlands

SPRU Working Paper Series from SPRU - Science Policy Research Unit, University of Sussex Business School

Abstract: This research article explores the role of innovation intermediaries to accelerate the commercialisation of (clean) technologies. Drawing from the finance and innovation intermediaries literatures we show that financial barriers to eco-innovation can be partly overcome by particular functions of innovation intermediaries which in turn mobilises private finance along the innovation process. Therefore, we empirically evaluate roles and instruments of institutional innovation intermediaries (innovation intermediation, policy support, public-private cooperation, financial instruments). We contribute an intersection of the finance and innovation systems literature, by exploring the ‘financial mobilisation functions’ of innovation intermediaries to address barriers for eco-innovation along the innovation process.

Keywords: Intermediaries; management of technological innovation and R&D; barriers; thin markets; financial instruments; governmentpolicy; information asymmetries (search for similar items in EconPapers)
JEL-codes: G23 G24 O32 Q38 Q55 Q58 (search for similar items in EconPapers)
Date: 2015-08
New Economics Papers: this item is included in nep-ino
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