Firm entry

“We privilege the role of firm entry (Jacobsson and Bergek, 2004) along the value chain also because of the multiple overlapping effects generated. New entrants bring in knowledge, which can help solve problems in developing an effective product (in design terms and making it attractive to a market); they add competencies and resources within the supply chain, which helps bring products to market (including important customer relationships); they open up and explore new market niches; and they add critical mass, which helps the emergent industry define itself, develop standards, attract finance, and lobby where necessary for policy change.”

Page 121 Hendry, Brown and Harborne (2008) in Foxon, Kohler and Oughton

The citation is to this

Transforming the energy sector: the evolution of technological systems in renewable energy technology

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