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Research shows that ARPA-type funding gives green technology an “innovation advantage.”



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A new analysis of the successes and failures of US green energy companies shows that ARPA-funded companies file for far more patents in the years following launch than other “clean tech” startups. I found out that I was doing it.

The “innovation advantage” provided by the ARPA-Ean energy version of the legendary DARPA (Defense Advanced Research Projects Agency) was not shared with other start-ups funded by US government initiatives.

ARPA-type institutions were developed in the United States to fund “high risk, high reward” research.

Professor Laura Diaz Anadon of the University of Cambridge has encouraged the UK government to consider its own UK ARPA (or “BARPA”), but agencies adopting this model have BARPA climate. Insists that it needs to be focused in order to correspond to.

“Our US-based research points to the value of ARPA institutions. Given the technological capital within the university and private sector, the UK will benefit from such an approach in the post-pandemic world. “Co-author Anadon said. Innovation research in the United States.

“The UK needs to adapt the ARPA model to create an agency for climate change efforts as part of the COVID-19 recovery package. Next-generation energy storage and renewable energy, and transportation, aviation and construction. Research and development focused on solutions for decarbonization of the United Kingdom will increase productivity and bring great benefits to society. “

Dr. Anna Goldstein, lead author of research at the University of Massachusetts and Amherst College, said: “ARPA is not a one-size-fits-all solution. ARPA agencies focus on their mission and this model works well to fund general science and technology.”

The study was conducted by the University of Cambridge (Professor Lauradias Anadon), the University of Massachusetts Amherst (Dr. Anna Goldstein, Professor Erin Baker), and the Technische Universität München (Professor Claudia) in Germany. Doblinger). It is published in Nature Energy today.

ARPA-E was founded by the US Department of Energy under the Obama administration, using some of the economic stimulus measures following the 2009 financial crisis. To date, it has allocated US $ 3.38 billion.

The aim is to accelerate innovation in “clean” technologies such as biofuels, smart grids and solar power, at a time when venture capital investors disliked it, partly due to its long development cycle and low initial returns. It was to do.

The latest study investigated whether ARPA-Ea’s “Poster Child,” a mission-oriented innovation threatened by the Trump administration, turned its unique approach into a real success.

By building a database of 1,287 clean tech startups in the United States and using patents as an alternative to innovation, companies funded by emerging ARPA-E in 2010 averaged twice as many as other green energy companies. It turned out that we are applying for a patent at the rate of. The years after that.

Researchers also measured “business success” by looking at the number of companies acquired by listed or large companies, as well as the level of funding and overall survival of private VCs.

ARPA-funded companies are better than those rejected by ARPA-E, but generally compared to other clean tech start-ups that have provided the same amount of patents and private funding by 2010. Nothing changes.

As such, researchers argue that ARPA-E support alone does not bridge the “valley of death,” the stage where startups frequently collapse between initial funding and revenue generation.

Goldstein said: “ARPA-E seems to help start-ups working on high-risk but potentially disruptive technologies achieve the same level of success as other low-risk clean tech companies.”

“But there is still a need for public funding to innovate clean technology through the’valley of death’and become a commercial product that competes with legacy technology to reduce emissions. “

Laura Diaz Anadon, who is writing for the university’s new climate change initiative, Cambridge Zero, points out that the UK is lagging behind in R & D investment with only 1.7% of GDP.

“The UK has dramatically increased its energy investment over the last two decades, but it’s still below the levels we saw in the 1970s and 1980s,” said Anadon, a professor of climate change policy at the University of Cambridge. ..

“My co-authors and I encourage you to try the UK version of ARPA-E, which can enhance energy innovation and support selected projects to the proof stage. R & D investment in energy transition is COVID. -19 cheap but will be an integral part of the recovery package. “

“The UK has some recent solid experience in the energy sector, but in the past some initiatives have become prey to volatile government funding before it can properly assess its success. Efforts need settings that enable consistency and up-to-date artistic and independent assessment. ”

Greentech Start-ups See Increased Patents and Investment by Partnering with Government More Information: Advanced Research Projects Agency-Energy, Cleantech Start-ups Funded by Nature Energy (2020) Patents and Business Outcomes DOI: 10.1038 / s41560-020-00683-8, / articles / s41560-020-00683-8 Courtesy of Cambridge University

Quote: ARPA-type funding brings “innovation benefits” to green technology, and findings (September 14, 2020) are available at type-funding-green- technology-advantage.html

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