Orchestrating Resources in Green Startups: Learning from Case Studies
This study examines the characteristics of green startups and the progression of their resource utilization patterns during the pandemic emergency, focusing on case studies from the Startup Incubation and Innovation Centre (SIIC) of the Kanpur Indian Institute of Technology (IITK). This study explores how these startups overcame lockdown challenges and identified the resources they utilized throughout various development stages. The findings reveal that the green startups in the sample share characteristics of visionary and inventive startups, often lacking formal business education but possessing strong technical skills and social engagement. They rely heavily on human and social resources in the early stages, leveraging their networks and stakeholder support to define and develop their green innovations. The research also highlights the importance of open innovation strategies, particularly in the product development stage, where startups leverage research labs and expertise within the IITK ecosystem. This study increases the literature on green startups and offers practical recommendations for young green entrepreneurs, emphasizing the importance of operating in familiar industries, building stakeholder networks, and utilizing open innovation strategies for successful green innovation development.
Authors
- B.V. Phani
- Karen Venturini
- Barbara Bigliardi (ORCID: https://orcid.org/0000-0001-8588-7066)
- R A Bhaskar (ORCID: https://orcid.org/0000-0001-7604-7751)
Institutions
- University of Parma (IT)
- University of the Republic of San Marino (SM)
- Indian Institute of Technology Kanpur (IN)
Publication Details
- Journal
- Sustainability
- Published
- 2024-11-15
- DOI
- https://doi.org/10.3390/su16229956
- Citations
- 1
- Primary Topic
- Innovation and Knowledge Management
- Type
- article
- Field-Weighted Citation Impact
- 0.55