The Role of Private Financial Institutions and Public Funding Programmes in Supporting Sustainable Start-Ups.
Work Package 6 aims at identifying financial instruments, investor types and public funding programmes used by sustainable start-ups (up to the age of 8 years) and assessing real and perceived gaps in the access to as well as exploring good practice of finance and funding at the early stages of companies developing eco-innovation (products and services).
- While some recent studies on eco-innovation have looked at the topic of finance, these do not focus specifically on the early stages of companies or the different types of start-ups developing eco-innovation. This work package aims to address this research gap.
- WP6 looks at the specific financial needs of different types of sustainable start-ups at different stages and how these are met by private financial institutions and public funding programmes.
- The work package focuses on the perspectives of both the demand-side (i.e. the start-ups themselves) and the supply-side (i.e. investors and public funders).
- The empirical work includes explorative interviews, a survey of different sustainable start-ups’ use of financial instruments, investors and funding programmes, workshops with investors and public funders as well as case studies of good practice with different types of investors and their investees.
- WP6 aims at increasing knowledge and information on the issue of financing start-ups that are developing eco-innovation. The goal is to develop recommendations for policy on how to adapt public funding programmes and provide adequate incentives to private investors as well as recommendations for investors on how to adapt their financial instruments to the needs of sustainable start-ups.
Bergset, L. & Fichter, K. (2016). Final Report on the Role of Investors, Financial Institutions and Public Funding Programmes. Work Package 6. Berlin: SHIFT. FREE DOWNLOAD HERE
Bergset, L. (2014). Financing innovation in sustainable start-ups – an exploration of financial access, challenges and opportunities, paper presented at The XXV ISPIM Conference – Innovation for Sustainable Economy & Society, Dublin, Ireland on 8-11 June 2014. LINK