Abstract
This research article explores the role of intermediaries in government-supported research partnerships. Using an evolutionary approach to innovation, we attempt to show that barriers to (eco-) innovation can be partly overcome and public agencies can leverage their invested money by establishing intense knowledge exchange between innovators and investors. Empirically, we first develop criteria to reduce information asymmetries between innovators and investors and second evaluate functions and instruments of intermediaries to support this process. Theoretically, we contribute to literature surrounding innovation systems as well as entrepreneurial finance, by developing a typology of intermediaries that possesses the competencies and instruments to address systemic failures for (eco-) innovation.
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