Digitalisation and Entrepreneurial Ecosystems as Drivers of Energy Start-Ups: Evidence from Cross-Country Panel Data
デジタル化と起業家エコシステムがエネルギー系スタートアップに与える影響：クロスカントリーパネルデータからのエビデンス (AI 翻訳)
Maksym W. Sitnicki, Bożena Iwanowska, Yan Kapranov, Jurij Klapkiv, Oleksandr Dluhopolskyi, Valentyna Panasyuk, Dmytro Halynskyi
🤖 gxceed AI 要約
日本語
本研究は、デジタル化と起業家エコシステムの発展がエネルギー関連スタートアップの数と資金調達に与える影響を、25カ国（2017-2022）および世界サンプル（2019-2023）のパネルデータを用いて分析した。結果、デジタル化の効果は限定的である一方、起業家エコシステムの成熟度がスタートアップ創出と投資段階のシフトに一貫して寄与することが明らかになった。また、エコシステムの発展には逓減効果が見られ、後期段階のグリーン資金調達において飽和の可能性が示唆された。
English
This study examines how digitalisation and entrepreneurial ecosystem development influence the number and funding of energy-related start-ups using cross-country panel data (25 countries 2017–2022 plus global sample 2019–2023). It finds that digitalisation has limited selective effects on early-stage funding, while entrepreneurial ecosystem strength consistently correlates with higher green start-up activity and a shift from early-stage to mature digital energy firm investment. Non-linear results indicate diminishing returns to ecosystem development in later-stage green funding.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本はGX実現に向けてエネルギー系スタートアップの育成を推進しているが、本論文はクロスカントリー分析により、デジタル化単体ではなく起業家エコシステムの強化がスタートアップ創出と投資段階のシフトに重要であることを示している。日本のスタートアップ支援策やGX政策において、エコシステム全体の整備に重点を置く必要性を示唆する。
In the global GX context
This paper contributes to global research on energy entrepreneurship by showing that entrepreneurial ecosystem development is a more robust driver than digitalisation alone for energy start-up formation and investment maturation. The findings support a policy focus on inclusive ecosystems and lifecycle finance access, relevant for countries designing transition strategies under ISSB/TCFD frameworks.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the relative importance of digitalisation vs. entrepreneurial ecosystems for energy start-ups, with non-linear effects.
🏢実務担当者:Suggests that energy start-up support should prioritize ecosystem building over generic digitalisation; useful for corporate venture and innovation teams.
🏛政策担当者:Indicates that policies should strengthen entrepreneurial ecosystems and ensure balanced investment across start-up stages, rather than focusing solely on digital infrastructure.
📄 Abstract（原文）
The accelerating energy transition and digital transformation have increased the importance of understanding the drivers of energy-related entrepreneurship and investment across countries. This study aims to investigate how digitalisation and entrepreneurial ecosystem development influence the number and funding of energy-related start-ups, with particular attention to stage-specific effects, lagged dynamics, and non-linear relationships in a cross-country panel setting. The analysis is based on panel data from the European Commission (DESI), the International Energy Agency, and StartupBlink, covering 25 countries (2017–2022) and a global sample (2019–2023), and is estimated using Poisson pseudo-maximum likelihood models with fixed effects, lagged variables, and non-linear specifications in R. The findings show that digitalisation has a limited, selective relationship with energy-related entrepreneurship, whereas entrepreneurial ecosystem development plays a more consistent role. Digital connectivity is associated mainly with improved early-stage funding conditions, whereas broader digitalisation indicators do not systematically explain start-up formation. Stronger entrepreneurial ecosystems are linked to both higher green start-up activity and a shift in investment from early-stage ventures to more mature digital energy firms. The non-linear results further suggest diminishing returns to ecosystem development in later-stage green funding, indicating potential saturation effects in highly developed ecosystems. These findings suggest that policies aimed at accelerating sustainable energy entrepreneurship should go beyond general digitalisation strategies and focus more directly on strengthening inclusive entrepreneurial ecosystems, improving access to finance across the start-up lifecycle, and preventing excessive investment concentration in already mature ventures.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3390/su18115475first seen 2026-06-22 04:48:03
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