Mobilising investors for Blue Growth

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dc.contributor.author van den Burg, Sander W. K.
dc.contributor.author Stuiver, Marian
dc.contributor.author Bolman, Bas C.
dc.contributor.author Wijnen, Roland
dc.contributor.author Selnes, Trond
dc.contributor.author Dalton, Gordon
dc.date.accessioned 2017-02-21T13:22:10Z
dc.date.available 2017-02-21T13:22:10Z
dc.date.issued 2017-01-13
dc.identifier.citation van den Burg, S. W. K., Stuiver, M., Bolman, B. C., Wijnen, R., Selnes, T. and Dalton, G. (2017) ‘Mobilizing Investors for Blue Growth’, Frontiers in Marine Science, 3, 291 (9pp). doi:10.3389/fmars.2016.00291 en
dc.identifier.volume 3 en
dc.identifier.startpage 1 en
dc.identifier.endpage 9 en
dc.identifier.issn 2296-7745
dc.identifier.uri http://hdl.handle.net/10468/3659
dc.identifier.doi 10.3389/fmars.2016.00291
dc.description.abstract The European Union's Blue Growth Strategy is a long term strategy to support sustainable growth in the marine and maritime sectors, aiming to contribute to innovation and economic growth (European Commission, 2012). The EU sees the financial sector as a key partner to bring about transition to sustainable consumption and production. However, knowledge about investment behavior, experience with working with these investors, and ways to engage investors in the Blue Growth sectors is lacking. This paper examines this knowledge gap. It characterizes investors and identifies investor behavior, investors' motives, and conditions and criteria relevant for investors to invest in Blue Growth sectors. The presented results are derived from a literature study on investors and investment behavior, an electronic survey and in-depth interviews. Stereotypical images of private equity bankers or wealthy individuals do not do justice to the diversity of investors involved in the Blue Growth sectors. These sectors are still in development and various risks reduce the willingness to invest. Risk mitigation should be seen as a shared responsibility of entrepreneurs, investors and governments. Government support must go further than financial support for research and development or technological demonstration projects. Proven technologies get stuck in the Valley of Death as investors alone are not willing to take the risk associated with upscaling of promising technologies. Tied in a reciprocal relationship, governments need to attract private investors—their capital, knowledge, and networks—to further grow of the Blue Growth sectors while investors need stable, predictable, and effective government support schemes to mitigate their financial risks. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Frontiers Media en
dc.rights © 2017, the Authors. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. en
dc.subject EU policy en
dc.subject Investors en
dc.subject Investment theory en
dc.subject Offshore wind en
dc.subject Aquaculture en
dc.subject Blue Growth en
dc.title Mobilising investors for Blue Growth en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother Gordon Dalton, School Of Engineering, University College Cork, Cork, Ireland. +353-21-490-3000 Email: g.dalton@ucc.ie en
dc.internal.availability Full text available en
dc.date.updated 2017-02-10T12:57:41Z
dc.description.version Published Version en
dc.internal.rssid 383036647
dc.contributor.funder Horizon 2020 en
dc.description.status Peer reviewed en
dc.identifier.journaltitle Frontiers in Marine Science en
dc.internal.copyrightchecked Yes en
dc.internal.licenseacceptance Yes en
dc.internal.IRISemailaddress g.dalton@ucc.ie en
dc.identifier.articleid 291
dc.relation.project info:eu-repo/grantAgreement/EC/H2020::CSA/652629/EU/Marine Investment for the Blue Economy/MARIBE en


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