Difference between conventional and clean tech business
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Conventional business |
Cleantech business |
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Conventional businesses will be mostly of product improvements
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Cleantech business may also be of product improvements, but chances of new products/ product innovation may be much higher |
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Many players
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Small number of players – chances of success are more – you can have first mover advantage and disadvantage also
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Not much of government issues
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Local government must support/ endorse the causing technology
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Not much of technological changes
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Constantly evolving
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More existing market information is available
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Since the field you are venturing might be new, existing market information might be less – so invest more in R&D
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Easy to estimate market size by taking comparisons from existing players
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Difficult to estimate market size – there are stories of IBM chief and Bill Gates making wrong market estimations
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Socio-cultural considerations don’t play a major role here
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Socio-cultural considerations and historical issues - It's not easy for companies to introduce clean technology products and services in a region where culture, language and thousands of years of tradition make access difficult.
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Set government and regulatory concerns |
Unique and evolving government and regulatory concerns
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Government incentives are not available
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Government support and incentives are not available
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End consumer characteristics can be ascertained
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End consumer characteristics cannot be ascertained easily
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Probability of entrants may be only those already in field (invertors) |
Probability of entrants may be those already in field - chances of outsiders are not less
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Higher chances of legal issues and barriers
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Importance of patents and IPR protection
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