Joint development and transfer of knowledge that government agencies are able to foster with startups, makes a difference

An international team of researchers at the University of Cambridge, the Technical University of Munich, and the University of Maryland reports that startups which collaborate with government agencies file 73% more patent applications than those who do not pursue such collaboration.

The study also found that every time a cleantech startup licensed a technology developed by a government agency, the company secured more than double the amount of financing deals when compared to similar startups and a 155% increase one year after taking out a license.

Government agencies like the US Department of Energy have a long term perspective that private investors often lack

The researchers studied assembled data on 657 US cleantech startups and the more than 2,000 partnerships those companies established between 2008 and 2012 to gauge the different outcomes for private and public alliances. 66% of the startups were less than five years old in 2008. The remainder were formed during the study period. The research included companies across the sustainable sector from wind power to marine power, recycling, and batteries.