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Innovative and sustainable energy technologies: the role of venture capital
Author(s) -
Moore Bill,
Wüstenhagen Rolf
Publication year - 2004
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.413
Subject(s) - venture capital , entrepreneurship , electricity , business , social venture capital , capital (architecture) , industrial organization , financial innovation , financial capital , marketing , environmental economics , economics , finance , human capital , economic growth , engineering , archaeology , electrical engineering , history
This paper provides an overview of a multi‐year research project being conducted at the University of St. Gallen, Switzerland. The objective of the research is to evaluate the role of financial structure in promoting the development of innovative and sustainable energy technologies and its current relationship to innovation and entrepreneurial activity in this important economic sector. In this paper, emphasis is placed on the venture capital segment of the capital market and the electricity segment of the energy industry. We first provide a short overview of the electricity sector. We then briefly discuss the concept of innovation and entrepreneurship and its relationship to our research effort. Finally, the bulk of the paper outlines the conceptual framework for the venture capital element of the research project. We conclude the paper with a summary of our preliminary observations. Copyright © 2004 John Wiley & Sons, Ltd and ERP Environment.