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Orchestrating Resources in Green Startups: Learning from Case Studies

Author

Listed:
  • B. V. Phani

    (Department of Management Sciences, Indian Institute of Technology, Kanpur 208016, India)

  • Ramswarup Bhaskar

    (Department of Management Sciences, Indian Institute of Technology, Kanpur 208016, India)

  • Barbara Bigliardi

    (Department of Engineering for Industrial Systems and Technologies, University of Parma, 43124 Parma, Italy
    Department of Economics, Science, Engineering and Design, University of San Marino, 47891 Dogana, San Marino)

  • Karen Venturini

    (Department of Economics, Science, Engineering and Design, University of San Marino, 47891 Dogana, San Marino)

Abstract

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.

Suggested Citation

  • B. V. Phani & Ramswarup Bhaskar & Barbara Bigliardi & Karen Venturini, 2024. "Orchestrating Resources in Green Startups: Learning from Case Studies," Sustainability, MDPI, vol. 16(22), pages 1-15, November.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:22:p:9956-:d:1521331
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    References listed on IDEAS

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