La Follette School Assistant Professor Morgan Edwards and Kavita Surana of the University of Maryland School of Public Policy received funding from the Alfred P. Sloan Foundation to support their research on the interactions between corporations and cleantech start-ups.
Their research will identify how policymakers can incentivize and increase the flow of resources between the venture capital subsidiaries of large corporations and cleantech start-ups to maximize emissions reductions and secure long-term societal benefits.
“Public policy has a critical role to play in supporting clean energy innovation and cleantech startups,” Edwards says. “By combining granular data with systems models, we can better understand how interactions between startups and investors shape technology diffusion and emissions reductions—and how policy can best accelerate this process.”
Edwards and Surana, an assistant research professor at the University of Maryland’s Center for Global Sustainability, seek to foster enhanced coordination between policymakers and energy innovation stakeholders and inform public policies that support multiple societal benefits, including climate change mitigation, human health, and economic development.
“Clean energy innovation is essential for achieving our climate goals, and cleantech start-ups may have the technology to solidify the clean energy transition, yet they often are underfunded,” Surana says. “Through our new research, we hope to identify opportunities for start-ups to receive the resources they need to accelerate the development and deployment of technology innovations that unfortunately still remain in early adoption stages.”