Trends and Potentials in Renewable Energy Industry: Emerging Startups – A Study Based on VeniSIA Co-Innovation Program

The shift towards renewable energy sources is crucial for achieving sustainable development, and emerging startups have a critical role in facilitating this transition through their innovative solutions and technologies.This thesis has been developed together with VeniSIA-Venice’s accelerator on sustainability and innovation- with the aim of exploring new opportunities and potentials in startup world to develop business ideas and improve technological solutions in order to fight climate change and other environmental challenges relating to renewable energy industry. Co-innovation, grounded in open innovation principles, is a collaborative process that brings together established companies, start-ups, and research institutions. The co-innovation is put forward as a way to expedite the process of development, as well as deployment of renewable energy technologies.This study introduces an innovative framework for co-innovation, highlighting the significance of strategic alliances, shared resources, and collaborative research endeavors. The research includes an examination of the current landscape and trends of renewable energy, emphasizing on technologies such as solar, wind, and biofuels. A real life case study that demonstrate the success of startups and their significant contributions to the advancement of renewable energy technology will be inspected. The findings of this study enhances our comprehension of how emerging startups and co-innovation practices can speed the advancements in renewable energy industry. This provides essential perspectives for entrepreneurs, investors, and governments who are seeking to expedite the shift towards a sustainable energy future.