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dc.contributor.authorGoldstein, Anna
dc.contributor.authorDoblinger, Claudia
dc.contributor.authorBaker, Erin
dc.contributor.authorAnadón, Laura Díaz
dc.date.accessioned2020-08-18T23:30:39Z
dc.date.available2020-08-18T23:30:39Z
dc.date.issued2020-10
dc.identifier.issn2058-7546
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/309348
dc.description.abstractInnovation to reduce the cost of clean technologies has large environmental and societal benefits. Governments can play an important role in helping cleantech startups innovate and overcome risks involved in technology development. Here we examine the impact of the US Advanced Research Projects Agency-Energy (ARPA-E) on two outcomes for startup companies: innovation (measured by patenting activity) and business success (measured by venture capital funding raised, survival, and acquisition or initial public offering). We compare 25 startups funded by ARPA-E in 2010 to rejected ARPA-E applicants, startups funded by a related government programme and other comparable cleantech startups. We find that ARPA-E awardees have a strong innovation advantage over all the comparison groups. However, while we find that ARPA-E awardees performed better than rejected applicants in terms of post-award business success, we do not detect significant differences compared to other cleantech startups. These findings suggest that ARPA-E was not able to fully address the ‘valley of death’ for cleantech startups within 10–15 yr after founding.
dc.languageen
dc.publisherSpringer Science and Business Media LLC
dc.rightsAll rights reserved
dc.titlePatenting and business outcomes for cleantech startups funded by the Advanced Research Projects Agency-Energy
dc.typeArticle
prism.endingPage810
prism.issueIdentifier10
prism.publicationDate2020
prism.publicationNameNature Energy
prism.startingPage803
prism.volume5
dc.identifier.doi10.17863/CAM.56440
dcterms.dateAccepted2020-07-30
rioxxterms.versionofrecord10.1038/s41560-020-00683-8
rioxxterms.versionAM
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserved
rioxxterms.licenseref.startdate2020-10
dc.contributor.orcidGoldstein, Anna [0000-0002-2710-8228]
dc.contributor.orcidDoblinger, Claudia [0000-0002-1302-1252]
dc.contributor.orcidBaker, Erin [0000-0002-4139-9930]
dc.identifier.eissn2058-7546
rioxxterms.typeJournal Article/Review
pubs.funder-project-idEuropean Commission Horizon 2020 (H2020) Societal Challenges (730403)
cam.issuedOnline2020-09-14
cam.orpheus.successMon Sep 21 10:14:29 BST 2020 - Embargo updated
cam.orpheus.counter6
rioxxterms.freetoread.startdate2021-03-14


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