title: Financing green innovation startups: a systematic literature review on early-stage SME funding

authors: Mukherjee, Abhishek

subjects: cleantech

abstract: This paper investigates the critical issue of financing early-stage green startups, examining the types of investors and finance models available, the challenges these startups face, and how the green finance ecosystem can better support early-stage investment. Utilizing a systematic literature review (SLR) methodology, we provide a comprehensive analysis of the current landscape. Our findings reveal a significant paucity of data and a bias towards well-established North American and European ecosystems, while highlighting an emerging diversity in private finance sources post-Global financial crisis (GFC), including grants, equity, and crowdfunding. Despite this, there remains a heavy reliance on public funding and a lack of evidence regarding its impact. The inherent characteristics of cleantech–high capital expenditure, long investment horizons, and disruptive nature–necessitate innovative public financing instruments and policies to reduce risk and attract private investment. Our theoretical contribution highlights the necessity for interdisciplinary research and policy collaboration to develop a holistic entrepreneurial finance (entfin) ecosystem. This approach should integrate quantitative economic and qualitative behavioural finance research to address information asymmetries and improve the green economy policy mix. Such a framework will support public-private co-financing, enhance stakeholder engagement, and provide evidence for policy decisions, facilitating more rapid commercialization of cleantech innovations for environmental sustainability.

text: Financing green innovation startups: a systematic literature review on early-stage SME funding This paper investigates the critical issue of financing early-stage green startups, examining the types of investors and finance models available, the challenges these startups face, and how the green finance ecosystem can better support early-stage investment. Utilizing a systematic literature review (SLR) methodology, we provide a comprehensive analysis of the current landscape. Our findings reveal a significant paucity of data and a bias towards well-established North American and European ecosystems, while highlighting an emerging diversity in private finance sources post-Global financial crisis (GFC), including grants, equity, and crowdfunding. Despite this, there remains a heavy reliance on public funding and a lack of evidence regarding its impact. The inherent characteristics of cleantech–high capital expenditure, long investment horizons, and disruptive nature–necessitate innovative public financing instruments and policies to reduce risk and attract private investment. Our theoretical contribution highlights the necessity for interdisciplinary research and policy collaboration to develop a holistic entrepreneurial finance (entfin) ecosystem. This approach should integrate quantitative economic and qualitative behavioural finance research to address information asymmetries and improve the green economy policy mix. Such a framework will support public-private co-financing, enhance stakeholder engagement, and provide evidence for policy decisions, facilitating more rapid commercialization of cleantech innovations for environmental sustainability.

year: 2024

title: Adding unique value: how intermediary process development promotes market clearing in an online auction

authors: Gibb, Jenny L.

subjects: online auction

abstract: Recent online auction models have not specifically focused on how the intermediary or auctioneer firm adopts processes to facilitate the information flow between buyers and sellers to promote price setting, where supply equals demand, and the market is cleared. The increase in number and complexity of online auctions makes it important to understand the role of the online intermediary firm. This paper presents an online auction brokering model that combines the hub-and-spoke network structure with the pre-sale, sale, and post-sale stages of the transaction process to identify how the intermediary integrates trader firm information needs with behavioural and relationship characteristics and the internet functionalities of reach, richness and transparency to promote market clearing. This model, which has wider implications for other online and offline intermediated business models, is supported by evidence from a case study on Market Company, an intermediary firm situated in the New Zealand electricity market.

text: Adding unique value: how intermediary process development promotes market clearing in an online auction Recent online auction models have not specifically focused on how the intermediary or auctioneer firm adopts processes to facilitate the information flow between buyers and sellers to promote price setting, where supply equals demand, and the market is cleared. The increase in number and complexity of online auctions makes it important to understand the role of the online intermediary firm. This paper presents an online auction brokering model that combines the hub-and-spoke network structure with the pre-sale, sale, and post-sale stages of the transaction process to identify how the intermediary integrates trader firm information needs with behavioural and relationship characteristics and the internet functionalities of reach, richness and transparency to promote market clearing. This model, which has wider implications for other online and offline intermediated business models, is supported by evidence from a case study on Market Company, an intermediary firm situated in the New Zealand electricity market.

year: 2006

title: Takuahi: Te oriori mō Tāmaunga-o-te-rangi - Mana atua, mana whenua, mana tangata

authors: Dewes, Mahue

subjects: Takuahi

abstract: E roa nei tātau te Māori nō ngā wā o Hawaiki e tito ana i te waiata, i te haka, i te oriori, i te mōteatea hei waka kawe i ngā kōrero tuku iho ki ngā whakatipuranga hou. He putuputu tonu ngā tūmomo karere, ka raua atu ki roto i wēnei momo titonga waiata a te Māori. Ka whārikihia e ngā tohunga kaitito ngā karere nei mā te reo kīwaha, mā te reo whakataukī, mā te reo auaha hei kura huna. Mei māmā te kimi, ka tohunga katoa ngā Māori. Kai te aroaro o te tuhingaroa nei, ka ketuketu i tētahi o ngā oriori o Ngāti Porou, otiā, nō Te Whānau-a-Hinerupe, ko te oriori mō Tāmaunga-o-te-rangi, nā Te Māperetahi. Mā konei ake e ruku atu ai ki te raparapa i ngā kura huna e whakatauira ana i te mana Atua, mana whenua, mana tangata hei mana ahi kā. Mā tēnā hoki e whakatauira te mana ahi kā, kai a Tama, otiā, hei tauira atu ki ngā uri o Te Whānau-a-Hinerupe i tō rātau ake ahi kā roa ki Te Kawakawa mai Tawhiti. Ko ngā kōrero kua kohingia, he kōrero nō ngā tāngata e mōhio ana ki ngā tūmomo mana, ā, ki ngā kōrero e pā ana ki te oriori nei. Ka iringia wēnei rau kōrero hei whakarākei tonu i te pae tapu o Te Whānau-a-Hinerupe.

text: Takuahi: Te oriori mō Tāmaunga-o-te-rangi - Mana atua, mana whenua, mana tangata E roa nei tātau te Māori nō ngā wā o Hawaiki e tito ana i te waiata, i te haka, i te oriori, i te mōteatea hei waka kawe i ngā kōrero tuku iho ki ngā whakatipuranga hou. He putuputu tonu ngā tūmomo karere, ka raua atu ki roto i wēnei momo titonga waiata a te Māori. Ka whārikihia e ngā tohunga kaitito ngā karere nei mā te reo kīwaha, mā te reo whakataukī, mā te reo auaha hei kura huna. Mei māmā te kimi, ka tohunga katoa ngā Māori. Kai te aroaro o te tuhingaroa nei, ka ketuketu i tētahi o ngā oriori o Ngāti Porou, otiā, nō Te Whānau-a-Hinerupe, ko te oriori mō Tāmaunga-o-te-rangi, nā Te Māperetahi. Mā konei ake e ruku atu ai ki te raparapa i ngā kura huna e whakatauira ana i te mana Atua, mana whenua, mana tangata hei mana ahi kā. Mā tēnā hoki e whakatauira te mana ahi kā, kai a Tama, otiā, hei tauira atu ki ngā uri o Te Whānau-a-Hinerupe i tō rātau ake ahi kā roa ki Te Kawakawa mai Tawhiti. Ko ngā kōrero kua kohingia, he kōrero nō ngā tāngata e mōhio ana ki ngā tūmomo mana, ā, ki ngā kōrero e pā ana ki te oriori nei. Ka iringia wēnei rau kōrero hei whakarākei tonu i te pae tapu o Te Whānau-a-Hinerupe.

year: 2016