Addressing barriers to eco-innovation: Exploring the finance mobilisation functions of institutional innovation intermediaries

Friedemann Polzin, Paschen von Flotow and Laurens Klerkx

Technological Forecasting and Social Change, 2016, vol. 103, issue C, 34-46

Abstract: This research article explores the role of institutional innovation intermediaries in accelerating the commercialisation of (clean) technologies. Drawing on the finance and innovation intermediaries literatures, we show that financial barriers to eco-innovation can be partly overcome by particular functions of institutional innovation intermediaries; this in turn mobilises private finance along the innovation process. Therefore, we empirically evaluate the roles and instruments of institutional innovation intermediaries (innovation intermediation, policy support, public–private cooperation, financial instruments). Our contribution intersects both the finance and the innovation systems literature by exploring the finance mobilisation functions of institutional innovation intermediaries to address barriers to eco-innovation along the innovation process.

Keywords: Intermediaries; R&D support; Innovation barriers; Thin markets; Innovation finance; Innovation policy; Information asymmetries (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (50)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:103:y:2016:i:c:p:34-46

DOI: 10.1016/j.techfore.2015.10.001

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