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New ventures in Cleantech: Opportunities, capabilities and innovation outcomes
School of Business, Economics and Law, University of Gothenburg, Gothenburg, Sweden.
Centre of Excellence in Science and Innovation Studies, Royal Institute of Technology, Stockholm, Sweden.
Jönköping University, Jönköping International Business School, JIBS, Economics. Jönköping University, Jönköping International Business School, JIBS, Centre for Entrepreneurship and Spatial Economics (CEnSE).ORCID iD: 0000-0001-5776-9396
2019 (English)In: Business Strategy and the Environment, ISSN 0964-4733, E-ISSN 1099-0836Article in journal (Refereed) Epub ahead of print
Abstract [en]

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 567 Cleantech startups is analyzed and compared with a control cohort of non‐Cleantech startups. We find that startups in Cleantech have, on average, higher technological capabilities compared with all other startups. Our econometric evidence shows that Cleantech startups are more likely to combine existing technology in a novel way. Finally, we find that Cleantech startups develop more market novelties in subsequent years when compared with their control group peers.

Place, publisher, year, edition, pages
John Wiley & Sons, 2019.
Keywords [en]
capabilities, Cleantech, governmental support, green innovations, innovative startups
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-46910DOI: 10.1002/bse.2406ISI: 000498785100001Scopus ID: 2-s2.0-85077517700OAI: oai:DiVA.org:hj-46910DiVA, id: diva2:1373363
Available from: 2019-11-27 Created: 2019-11-27 Last updated: 2020-01-29

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Stephan, Andreas

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