By: ADI
Getting any new technology to market is a perilous endeavor, but the complexity and long timescales involved in getting so called cleantech technologies to market are especially challenging. A new study from the University of Cambridge underlines the important role government can play in supporting such development.
The research shows that patenting activity in the US grows by 73% whenever the startup collaborates with a government agency. What’s more, technologies that had been developed with a government agency saw twice as much funding as those from other sorts of arrangements.
This is notable as collaboration with governments didn’t just beat working independently on a technology, but also beat collaboration with universities and private firms.
“Our findings suggest that some of the signs commonly used to track innovation and business success, such as patents and financing, increase when new cleantech companies partner with US government departments or labs,” the researchers say. “Government research laboratories have a major role to play in the climate challenge but also the growth of small businesses — twin objectives at the heart of many policy discussions, such as the Green New Deal in the United States.”
Valuable partners
The research, which examined over 650 US cleantech startups, who were collectively engaged in over 2,000 partnership, found that in addition to benefits in areas such as investment and patenting, those startups working with government were also more equitably distributed outside of the core tech hubs.
The authors believe that government and state agencies provide unbeatable scale, facilities and a long-term perspective that is difficult to find elsewhere. This provides a natural compliment to startups able to respond in an agile way to changes in both technology and the market.
Read more >> http://adigaskell.org/2019/04/24/government-collaboration-helps-cleantech-startups-get-going/
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