Innovation and Entrepreneurship in Renewable Energy

  title={Innovation and Entrepreneurship in Renewable Energy},
  author={Ramana Nanda and K. C. Younge},
We document three facts related to innovation and entrepreneurship in renewable energy. First, we compare patenting by venture backed startups and incumbent firms, using data from the US Patent and Trademark Office. Using a variety of measures, we find that VC backed startups are engaged in more novel and more highly cited innovations, compared to incumbent firms. Incumbent firms also have a higher share of patents that are completely un cited or self cited, suggesting that incumbents are more… CONTINUE READING
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