World Bank Connecting Green Technology Entrepreneurs

Implications for Public Program Design

How can networks help green technology entrepreneurs innovate and scale up in developing countries? And how can we design public sector programs so that entrepreneurs can more easily make these connections?

The World Bank Group’s Climate Technology Program reviewed recent literature and 14 case studies of public programs that aimed to support green technology entrepreneurs. The most successful public programs shared the following characteristics:

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They placed the entrepreneur at the center of the innovation process.They sought to cement peer-to-peer connections at the local level (e.g., by establishing networks of entrepreneurs).They helped entrepreneurs connect to supranational networks and technology brokering platforms at the global level.

Under the traditional invention-based approach to innovation, enterprises invest heavily in research and development (R&D) to become the first to develop and commercialize new ideas. However, this approach is particularly challenging in developing countries, given the high costs and weak intellectual property protection.

An innovation strategy based on technology absorption and the adaptation of existing business models may offer a less capital- and time-intensive pathway to help green firms grow in developing countries. This“open innovation” model is driven by social networks of entrepreneurs at both the local and global levels. The model builds connections with stakeholders in the innovation process (such as firms, financiers, and potential clients) with the goal of developing products or services that are directly attuned to market demand.

To learn more about the “open innovation” model and review the 14 case studies, read “Connecting Green Technology Entrepreneurs: Implications for Public Program Design.”

Source: World Bank Group, 30 May 2016

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Written by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.