Latest research on hundreds of new green technology companies in the US shows the patenting activity of a startup climbs by over 73% on average every time they collaborate with a government agency on “cleantech” development – from next-generation solar cells to new energy storage materials.
Latest research on hundreds of new green technology companies in the US shows the patenting activity of a startup climbs by over 73% on average every time they collaborate with a government agency on “cleantech” development – from next-generation solar cells to new energy storage materials.
The study also found that every time a cleantech startup licensed a technology developed by a government agency, the company secured – on average – more than double the amount of financing deals when compared to similar startups: a 155% increase one year after taking out a licence.
Collaboration with universities and private firms are a familiar path for many startups, yet government partnerships are significantly undervalued when it comes to green technologies, say researchers.
While the role of public-private partnerships in sectors such as biotech and IT is well known, they say that – until now – there has been a lack of data on the effectiveness of these alliances in cleantech. The study is published in the journal Research Policy.
Read more at University of Cambridge
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