Journal
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
Volume 103, Issue -, Pages 34-46Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.techfore.2015.10.001
Keywords
Intermediaries; R&D support; Innovation barriers; Thin markets; Innovation finance; Innovation policy; Information asymmetries
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Funding
- Federal Ministry of Education and Research (BMBF), Germany as part of the research project Climate Change, Financial Markets and Innovation (CFI) [01XX0801A]
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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. (C) 2015 Elsevier Inc. All rights reserved.
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