CEU Electronic Theses and Dissertations, 2018
| Author | Deme, Ágnes |
|---|---|
| Title | The Main Characteristics of Cleantech Investors in Europe |
| Summary | The global economy does not operate in a sustainable approach. New disruptive technological innovations are required, which are able to compete with the existing and polluting market solutions. Environmental entrepreneurship seems the most effective way to transit the traditional economic paradigm into a more sustainable operation. Since there is a limited number of studies about the European cleantech startup ecosystem, this research aims to identify the main characteristics of the cleantech facilitators who support business development and the financial background of the startups with clean innovative ideas. To determine this attitude, three main market players were examined, using structured and semi-structured interviews, personal communication and the review of Climate-KIC’s internal documents. As a preliminary expectation, the startups, the venture capital funds and the Climate-KIC cleantech incubator program were identified as the most significant market players. In contrast based on the findings the intergovernmental and governmental institutions are also dominant market players, they financially support the venture capital funds and the incubators as well. The main problem with the market is that it is difficult to express the positive environmental impact in financial terms, therefore it is not included in the company value during evaluation. As in every market cleantech investors are also looking for profitable solutions which are rare, risky and it takes a long time until the profit is realized in this field. Therefore, the research points out that the cleantech market in general is not viable without any governmental or intergovernmental support or regulation. |
| Supervisor | LaBelle, Michael |
| Department | Environment Sciences and Policy MSc |
| Full text | https://www.etd.ceu.edu/2018/deme_agnes.pdf |
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