Sustainability trends Trends in Green Innovation and Entrepreneurship

Sustainability trends: Trends in Green Innovation and Entrepreneurship G: Green Innovation and Entrepreneurship - Sustainability and business development Per Dannemand Andersen Technology and Innovation Management division pean@dtu. dk

Creating technology for a sustainable society A sustainable society is considered to involve a balanced interplay of three main elements to meet the needs of present generations without compromising the possibilities of future generations to meet their own needs: • The environmental boundary conditions that set the limits on resource supply, waste disposal and environmental pollution; • How the economy balances production and consumption processes within – or currently beyond - the environmental constraints; • How society politically and culturally decides to manage the social effects of the above constraints given by the short and long term consequences of our activities. DTU Management Engineering, Technical University of Denmark The ‘Brundtland Report’ 11 December 2015

Creating technology for a sustainable society • Creating technology is not enough to reach a sustainable society • Innovation and entrepreneurship are needed to utilize new technologies towards a sustainable society DTU Management Engineering, Technical University of Denmark 11 December 2015

Green Innovation and Entrepreneurship are associated with (among others): • Business creation • Start-ups • Personal drive among entrepreneurs • Personal and financial risks • Successes and failures (billionaires and bankruptcies) • Mindset for innovation and entrepreneurship DTU Management Engineering, Technical University of Denmark 11 December 2015

A look back to late 1980 s DTU Management Engineering, Technical University of Denmark 11 December 2015

A look back to 1999 DTU Management Engineering, Technical University of Denmark 11 December 2015

My concluding remarks from 1999 DTU Management Engineering, Technical University of Denmark 11 December 2015

Self-made USD billionaires within Green Tech - examples Country Net worth USD billion Elon Musk Tesla, Solar. City US $12. 4 Aloys Wobben Enercon (wind turbines) Germany $3. 3 Rubens Ometto Cosan (ethanol) Brazil $1. 4 Zhu Gongshan GCL Poly Energy (solar) China $1. 2 DTU Management Engineering, Technical University of Denmark Source: www. forbes. com 11 December 2015

Danish Green Tech (DKK) billionaires - examples Flemming Skouboe LM Glasfiber (wind turbines) Peter Stubkjær Sørensen Bonus Energi (wind turbines) DTU Management Engineering, Technical University of Denmark Source: www. borsen. dk 11 December 2015

Danish Green Tech start-up • Not impossible – done before ! • Who will become the next Danish green tech billionaire ? DTU Management Engineering, Technical University of Denmark 11 December 2015

A look back to 2006 • Innovation and entrepreneurship: ‘just a crazy idea of the minister and the provost’ DTU Management Engineering, Technical University of Denmark 11 December 2015

What do we know about Green Innovation and Entrepreneurship in Denmark? • Focus on energy DTU Management Engineering, Technical University of Denmark 11 December 2015

What do we know about Energy Innovation and Entrepreneurship in Denmark? Large surveys: Funded by the strategic research council (now Innovations. Fonden) Partners: • DTU, Denmark • Aalborg University, Denmark • CBS, Denmark • NIFU, Norway • Chalmers, Sweden • EAWAG, Switzerland • Utrecht University, the Netherlands • ZEW, Germany DTU Management Engineering, Technical University of Denmark 2007 survey (DTU) • 317 replies 2012 survey (DTU) • 429 replies 2014 CIS survey (Aalborg University) • 550 firms 2016 new survey (DTU) 11 December 2015

What do we know about Green Innovation and Entrepreneurship in Denmark? • Firms in the Danish energy sector are more innovative than Danish industry in average (2007, 2011) • National market conditions are still the major driver for innovation (2007, 2011) • Firms who introduce green innovations are notably more likely to engage in collective innovation activities than non-green innovators (2015) • Collaboration patterns in terms of which actors they interact with are almost exactly as in other firms, only with higher frequency (2015) Sources: • Borup, Andersen, Gregersen, Tanner (2009) • Borup, Jacobsen, Bagratunjan (2014) • Nogueira, Hain, Christensen (2015) DTU Management Engineering, Technical University of Denmark 11 December 2015

What do we do about Green Innovation and Entrepreneurship? Research - examples Teaching – examples • Studying trends and dynamics in the greening of technologies, firms, industry and the economy • 42435 - Knowledge based Entrepreneurship • 42436 - Commercialization of high tech concepts, entrepreneurship and science in action • 42438 - Business model design for growth entrepreneurship • Sectoral patterns in eco-innovation • Eco-innovation indicators • Innovation and impact indicators • Energy innovation systems • Innovation system on water DTU Management Engineering, Technical University of Denmark • 42575 Technology and Innovation Management 11 December 2015

A few trends – based on my personal observations 1. Increasing societal understanding of innovation and entrepreneurship 2. Increasing acceptance of industrial innovation and entrepreneurship as key solutions for the sustainability challenge – not key problems 3. Big change among our students interests in innovation and entrepreneurship DTU Management Engineering, Technical University of Denmark 11 December 2015

And now to the presentations for this afternoon DTU Management Engineering, Technical University of Denmark 11 December 2015