Explore the vast range of titles available.

This paper explores opportunities for utilising cleantech in framing research on sustainability-oriented innovations in public procurement. Research objectives include a critical examination of whether cleantech is a distinct sector through a systematic literature review and synthesis of findings with public procurement research. The final analysis involved 31 peer reviewed academic papers along with additional publications obtained with the snowball-approach. The results suggest that cleantech could be used to analyse sustainability related research in the public procurement context. Cleantech is also helpful in enhancing research on public  procurement of innovations and addressing societal benefits through local development. Findings unveil new opportunities in investigating better access of SMEs to public contracts through intermediaries, networks, and public-private partnerships. This paper is the first academic paper to analyse academic cleantech literature and link cleantech and public procurement fields. Such an approach is helpful in framing sustainability in public procurement research and stresses new ways of involving SMEs in public contracts.

This paper explores opportunities for utilising cleantech in framing research on sustainability-oriented innovations in public procurement. Research objectives include a critical examination of whether cleantech is a distinct sector through a systematic literature review and synthesis of findings with public procurement research. The final analysis involved 31 peer reviewed academic papers along with additional publications obtained with the snowball-approach. The results suggest that cleantech could be used to analyse sustainability related research in the public procurement context. Cleantech is also helpful in enhancing research on public  procurement of innovations and addressing societal benefits through local development. Findings unveil new opportunities in investigating better access of SMEs to public contracts through intermediaries, networks, and public-private partnerships. This paper is the first academic paper to analyse academic cleantech literature and link cleantech and public procurement fields. Such an approach is helpful in framing sustainability in public procurement research and stresses new ways of involving SMEs in public contracts.

In this paper, we explore which local factors affect the creation of cleantech startups in a geographical area. Specifically, we note that these startups combine innovation and attention to the environment. Thus, we consider two primary sets of local factors: the availability of scientific and technological knowledge and the environmental awareness of local governments and communities as the main drivers of the creation of cleantech startups. Using a dataset of 393 cleantech startups created between 2012 and 2014 and extracted from the Italian official database of innovative startups, we estimate negative binomial regressions whose dependent variable is the number of cleantech startups created in each of the 110 Italian provinces. The results highlight that both the local availability of scientific and technological knowledge and the local environmental awareness are crucial determinants of cleantech entrepreneurship in a geographical area. We discuss the implications of these results for policymakers who intend to stimulate this type of entrepreneurship.

PurposeThe purpose of this paper is to explore why, despite the development of a hybrid investing logic, funding problems are so persistent for early-stage Cleantech ventures (“Cleantechs”). An institutional logics lens is adopted to analyze how key actors' perceptions and communications of the Cleantech value proposition shape information asymmetries (IAs).Design/methodology/approachA mixed methods approach draws on 82 Cleantech pitch decks and 31 investment guidance documents, and insights from interviews with 42 key informants and nine Cleantech CEOs and their investors.FindingsIAs persist, first of all, because key investor and entrepreneurial actors combine different goals in the hybrid Cleantech value proposition. Interestingly, the analysis of Environmental Performance Indicators (EPIs) as a critical communication tool reveals a further mismatch in how actors actually combine logics. The authors ultimately identify three emergent actor roles – traditional laggard, developer and boundary spanner – that present a framework of how the three most influential actor groups develop EPIs and via that a hybrid Cleantech financing logic to overcome IAs.Originality/valueThe paper enhances the entrepreneurial finance literature primarily by showing that in contexts of hybrid investing a more nuanced understanding of institutional logics in terms of ends and means is critical to overcome IAs. While prior works highlight goal incompatibilities, the findings here suggest that the (in-)compatibility of goals as well as EPI choices of the same actors is likely to be the key explanandum for the stickiness of IAs and the funding gap. The novel emerging role framework offers additional theoretical, policy and practical advances for hybrid logic development.

Purpose: The study discusses COVID-19’s short-term impact on Israel’s renewable energy start-up sector from March to July 2020. Results and contributions: The interviewed companies were experiencing supply chain disruption, logistical issues, and restrictions in work access, all of which negatively impacted business operations. Moreover, companies reported revenue losses and difficulty in securing funding, interpreted here as financial distress. In some cases, companies cut back on staff. Insights from the literature on the global financial crisis (GFC) were used here to discuss patterns discerned from the interviews. Policy recommendations are presented at the end based on both the interpretation of data and a literature review. Methodology: This paper combined the qualitative research analysis of COVID-19’s impacts on energy start-up companies assessed by a questionnaire during interviews with a literature analysis on the previous GFC. Gap: This study aimed to clarify the issues experienced by the start-up companies in the renewable energy sector in Israel during the first months of the pandemic and contributes to the COVID-19 narrative in the energy sector, focusing on a topic that has not been thoroughly discussed at present. Relevance: The paper contains unique primary data on the short-term financial impact of COVID-19 on renewable energy start-up companies, and recommends policies to assist these companies and effectively respond to their financial needs in times of crisis. The paper points out that the absence of such a financial policy for start-up companies might pose risks to the companies’ growth and innovation, and have harmful consequences for the renewable energy sector, energy transition, and climate goals. The attention currently given to initial short-term measures should shift toward a more structural and long-term approach. Impact: The paper wants to capture the attention of policymakers and the research community in evaluating and adequately addressing the financial needs of the start-up sector, which is a crucial segment of the economy, and is indispensable for achieving long-term goals such as energy transition.

The paper examines the impact of venture capital (VC) financing on the growth of cleantech companies, using newly available data and a more comprehensive perspective on the sector. The analysis is conducted on a sample of 24,538 European cleantech companies identified using machine learning techniques, 401 of which received a first VC investment between 1988 and 2023. To adequately control for selection bias, we applied a matching procedure that allowed the creation of two control groups: one consisting of non-VC-backed cleantech companies and another of non-cleantech VC-backed companies. Our analysis reveals that, in terms of selection, investors discount the inherent risk of the sector by investing in fast-growing cleantech companies. Regarding the impact of VC on invested cleantech companies, when the differences at selection are neutralised, our results suggest that VC effectively supports the growth of invested cleantech companies, with a more pronounced effect in the short term. Plain English Summary Should cleantech companies seek VC? Cleantech projects have always faced financial constraints due to the high risks and information gaps associated with their innovative activities. Over the years, various policies have been adopted to make the sector more attractive to external financiers and these efforts have recently led to a strong upturn in investment. The study investigates the peculiarities of cleantech investments and, for the first time, assesses the impact of VC on the performance of cleantech companies. The results show that VC remains a viable option for entrepreneurs seeking to support the growth of their companies. For policymakers, these findings underscore the importance of implementing policies that attract investors to support the growth and development of technologies critical to the green transition.

We use patent big data and apply a combination of network analysis techniques to explore the social structure of the Montreal tech community and its embeddedness in the global innovation landscape. In particular, we focus on the smart cleantech segment. In doing so, we analyze the effect of inventor collaborations on innovations and the emergence of smart clean technologies and smart sustainable solutions in Montreal and their global impact. Our analysis reveals the importance of both local and international ties for the general development of innovations in Montreal’s competitive urban economy, with a stronger impact of international ties, in generating smart cleantech innovations. We discuss the implications of our findings for smart cleantech and cleantech clusters and for further development of tech agglomerations.

Crowdfunding provides a novel and potential way for innovative but risky new ventures to fund their new product development (NPD) projects. To help potential investors evaluate the projects and enhance the credibility of disclosure, founders are struggling with how to phrase the project description. The rapidly growing cleantech crowdfunding projects provide an ideal context to study this issue. We collected information on cleantech crowdfunding projects and matched non-cleantech crowdfunding projects from Kickstarter. The sample period extends from January 2013 to October 2018. Using signaling research as a theoretical lens and a dictionary-based, computerized text mining method, we found that founders of high-quality cleantech crowdfunding projects could create a reliable signal of quality by providing a project description with a less ambiguous tone and thus boost the success of crowdfunding. Moreover, the signaling effectiveness of a less ambiguous tone is more pronounced in cleantech crowdfunding than in matched non-cleantech crowdfunding, suggesting that the marginal benefit of using a less ambiguous tone is larger when the industry information environment is noisier. Further evidence shows that the signaling effectiveness of a less ambiguous tone in cleantech crowdfunding could be strengthened by backers’ endorsements. Our findings imply that tone ambiguity in project descriptions is related to founders’ information-concealing behavior. Potential investors could search ambiguous words in project descriptions and just allocate their limited attention into projects with a low percentage of ambiguous words to avoid information overload. Founders of high-quality projects could boost crowdfunding success by using a less ambiguous tone to describe their projects. The marginal effect is larger when there is greater uncertainty about project prospects.

Sustainability requires ongoing reform of resource production and consumption to reduce environmental harms. The main way that Information and Communication Technology (ICT) can address these resource impacts is through digital optimization. Spreng found that optimization of an industrial process either increases energy use or accelerates production or consumption. It was assumed that reducing energy use progresses sustainability, whilst accelerating production or consumption to meet market demand is consumerist and generally detrimental to sustainability. In this paper, we argue that there are two important cases in which accelerating economic processes actually has an essential role in enabling sustainability by ICT: (1) when the process drives the production and adoption of an environmentally beneficial product such as a solar panel, often referred to as “cleantech”, or (2) when the process being increased is specific to the Circular Economy, such as recycling, maintenance/refurbishment, and sharing/reuse e.g., car-sharing, ride-sharing and tool-sharing in the Sharing Economy. The opportunities for ICT4S optimization are thus threefold: not just saving resources with efficiency, but also pushing the adoption of cleantech, and pushing the circulation of resources.

Purpose The aim of this article is to present a model for the orchestration of dynamic capabilities (ODCs) in cleantech companies that aim to obtain competitive advantage in the market. Design/methodology/approach The authors present herein descriptive research guided by a qualitative multiple case study approach carried out with 12 cleantech companies. Findings The results have showed that the ODC model is present in the product/process cycle, thus providing new capabilities and generating sustainable competitive advantage through the research categories presented. Research limitations/implications This study contributes to the literature on the ODCs through microfoundations based on evidence of companies inserted in technological and intensively dynamic contexts. Practical implications This article demonstrates, through the ODC model, the main capabilities and characteristics of the assets of cleantech companies and how the process of renewing competencies to obtain competitive advantage occurs. Originality/value The ODC model utilizes technological resources in the product/process cycle. Asset specificity and the capacity for innovation allow cleantech companies to explore regulatory loopholes, making their sustainable model innovative and obtaining competitive advantage through the renewal of entrepreneurial capabilities and competencies.