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

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  • Polzin, Friedemann
  • von Flotow, Paschen
  • Klerkx, Laurens

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.

Suggested Citation

  • Polzin, Friedemann & von Flotow, Paschen & Klerkx, Laurens, 2016. "Addressing barriers to eco-innovation: Exploring the finance mobilisation functions of institutional innovation intermediaries," Technological Forecasting and Social Change, Elsevier, vol. 103(C), pages 34-46.
  • Handle: RePEc:eee:tefoso:v:103:y:2016:i:c:p:34-46
    DOI: 10.1016/j.techfore.2015.10.001
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    1. repec:eee:respol:v:47:y:2018:i:1:p:70-87 is not listed on IDEAS
    2. repec:eee:tefoso:v:129:y:2018:i:c:p:242-253 is not listed on IDEAS
    3. repec:eee:rensus:v:77:y:2017:i:c:p:525-535 is not listed on IDEAS
    4. Paula Kivimaa & Wouter Boon & Sampsa Hyysalo & Laurens Klerkx, 2017. "Towards a Typology of Intermediaries in Transitions: a Systematic Review," SPRU Working Paper Series 2017-17, SPRU - Science and Technology Policy Research, University of Sussex.
    5. repec:eee:tefoso:v:127:y:2018:i:c:p:112-126 is not listed on IDEAS
    6. F.H.J. Polzin & M.W.J.L. Sanders & Florian Täube, 2017. "A diverse and resilient financial system for investments in the energy transition," Working Papers 17-03, Utrecht School of Economics.
    7. repec:eee:tefoso:v:131:y:2018:i:c:p:276-285 is not listed on IDEAS

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