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来源类型Working Paper
规范类型报告
DOI10.3386/w29654
来源IDWorking Paper 29654
Caught In The Middle: The Bias Against Startup Innovation With Technical And Commercial Challenges
Ashish Arora; Andrea Fosfuri; Thomas Roende
发表日期2022-01-17
出版年2022
语种英语
摘要Startups in IT and life sciences appear to be flourishing. However, startups in other sectors, such as new materials, automation, and eco-innovations, which are often called "deep tech", seem to struggle. We argue that innovations with both technical and commercial challenges, typical of deep tech innovations, are especially disadvantaged in a startup-based innovation system. We develop an analytical model where startups are more efficient at solving technical challenges and incumbents are more efficient at solving commercial challenges. We find that the startup-based system works better for "specialized" innovations, where only one type of challenges is significant. Startups which face both technical and commercial challenges are disadvantaged because they capture a smaller fraction of the value they create. We discuss the implications for various public policies that have been proposed to encourage deep-tech.
主题Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w29654
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587328
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Ashish Arora,Andrea Fosfuri,Thomas Roende. Caught In The Middle: The Bias Against Startup Innovation With Technical And Commercial Challenges. 2022.
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