{"refrec":{"BRefID":368099,"RR":"<b>Kotilainen, K.; Saari, U.A.; Valta, J.; Makinen, S.J.; Kufeouglu, S.</b> (2019). Business model readiness of start-up driven energy innovations – an empirical review, <b><i>in</i></b>: <i>2019 16th International Conference on the European Energy Market (EEM), 18-20 September 2019\r\nLjubljana, Slovenia.</i> pp. 1-6. <a href=\"https://dx.doi.org/10.1109/eem.2019.8916541\" target=\"_blank\">https://dx.doi.org/10.1109/eem.2019.8916541</a>","BEntID":365825,"PublicFlag":1,"CheckedFlag":0,"wosflag":0,"vabbflag":0,"RefStringPartII":", <b><i>in</i></b>: <i>2019 16th International Conference on the European Energy Market (EEM), 18-20 September 2019, Ljubljana, Slovenia.</i> pp. 1-6. <a href=\"https://dx.doi.org/10.1109/eem.2019.8916541\" target=\"_blank\">https://dx.doi.org/10.1109/eem.2019.8916541</a>","DocTypID":17,"DocType":"Book chapters","MarineFlag":0,"FreshFlag":0,"BrackishFlag":0,"TerrestrialFlag":0,"Authorstring":"Kotilainen, K.; Saari, U.A.; Valta, J.; Makinen, S.J.; Kufeouglu, S.","OrigTitleTranslFlag":0,"Authorstringtrunc":"Kotilainen, K. <i>et al.</i>","Englishabstract":"When will the start-ups enter the play field of energy innovations in mass? The energy sector has traditionally been a challenging industry to new entrants, especially for smaller firms. Digitalization, decentralization and new renewable energy technologies are enabling also smaller actors to create energy-related innovations. This research focuses on understanding the level of business model readiness of start-ups when commercializing energy innovations. We interviewed start-up companies and provide an analysis of the state of their business models mapped with key challenges that these firms face. Our results show that while most start-ups have a promising value proposition they struggle with other value creation and value capture aspects. Especially building the sales channel that often requires co-operation with energy industry incumbents and finding the right revenue model causes problems to the startups. The challenges the start-ups face also depend on their focus; technology-based start-ups appear to have more obstacles than data-driven start-ups due to longer time needed to mature the products for commercial deployment.","AbstractOtherLang":null,"BibLvlCode":"AM","StandardTitle":"Business model readiness of start-up driven energy innovations – an empirical review","OrigTitleLangCode":"en","OrigTitleLangCodeExtended":"eng","OrigTitleLangID":15,"DateLastModified":{"date":"2024-12-10 01:33:17.368041","timezone_type":1,"timezone":"+01:00"},"UserAccessRight":null,"UserAccID":null,"AuthorKeywords":"Business model","OtherDescriptors":null,"Notes":null,"AnaPub":2019,"MonPub":null,"DateUpdate":"2023-10-16","DateCreate":"2023-10-16","SecASFANote":null,"ConfID":null,"PeerRev":0,"VlizCoreFlag":1,"WoScode":null,"VABBcode":null,"OpenAcc":0,"DOI":"10.1109/eem.2019.8916541"},"refs":null,"anarec":{"AnaID":368099,"PubliDate":2019,"Pagination":"1-6","XtraPublOfAnaID":null,"ISBN":"978-1-7281-1257-2","Volume":null,"Issue":null,"BRefMon":368097,"BRefMonRR":"(2019). 2019 16th International Conference on the European Energy Market (EEM), 18-20 September 2019, Ljubljana, Slovenia. 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