The use of a portfolio of approaches to innovation taken by leading corporates has
a number of benefits, in the same way that investors will use a portfolio of asset
classes. The more corporates take this intelligent, portfolio approach to cleantech
innovation, the more chance we have of finding routes towards sustainable
prosperity, argues Jamie Vollbracht, former head of new ventures, innovation, at
Carbon Trust.

We live in challenging economic times. Furthermore, there are some fundamental resource constraints that are not going away – the population is growing while the world is fixed in size and many of its natural resources are being depleted. Finding innovative, resource-efficient routes to prosperity is now an imperative.

Fortunately many such successful, innovative solutions exist, often residing in small but rapidly growing companies whose importance to the economy cannot be underestimated.

According to the European Commission’s SME Performance Review,…