IP as a New Value Driver for Sustainable Start-Ups

Sven Gensler (), André Brosowski () and Philipp E. Hammans ()
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Sven Gensler: Jenabatteries GmbH
André Brosowski: Jenabatteries GmbH
Philipp E. Hammans: Jenabatteries GmbH

A chapter in Intellectual Property Management for Start-ups, 2023, pp 41-55 from Springer

Abstract: Abstract Total investment for climate tech firms, the pace of start-up development, and the average funding size have all increased during the last ten years. Early-stage venture financing for climate tech startups totaled US$418 million in 2013. However, overall venture capital surged by more than 3,750% in 2019 to $16.1 billion. While it is fashionable to be sustainable, little is known about how a business model benefits and successfully implements sustainable technology. Theoretical and realistic sustainability approaches share several similar characteristics: Enhancing sustainability often requires transition, innovation, or adaptation. The question is: What is the difference between “sustainable technology” and “sustainable innovation”? The ability to innovate in sustainability is a requisite business capacity, whether linked to minor incremental measures or extreme, revolutionary developments. There is, however, a lack of transparency and consistency in the terminology and a lack of demonstrated scientific grounding in value creation. To valuate a new venture or start-up is a critical and long-debated question in entrepreneurial financing. Determining a start-up or any other company’s economic valuation is one of the more challenging and vital discussions a founder can have with institutional investors. One of the greatest assets of a start-up and the cornerstones in innovation is intellectual property and intellectual property rights. This chapter will discuss how sustainability, defined through the Sustainable Development Goals (SDGs) metrics, is used as a new driver in the valuation of the technology and intellectual properties in order to reflect the true value of a company’s intellectual property when looking for financing through, for example, collateralization of its IP.

Keywords: Start-ups; Valuation; Sustainability; Investments; Intellectual property (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-3-031-16993-9_3

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