Mission Innovation (MI) countries commit to work closely with the private sector, which plays a vital role in bringing new technologies to market. The Business and Investor Engagement Sub-Group assists MI countries in identifying opportunities and working with the private sector to expand and enhance the innovation pipeline.
Countries participating in the Sub-Group are Canada (Co-Lead), France (Co-Lead), Mexico (Co-Lead), Australia, China, Denmark, India, Norway, Sweden, United Arab Emirates, United Kingdom, and United States.
This Sub-Group supports the following actions:
- Exchange information and build relationships with prospective businesses and investors
- Improve mutual understanding of priorities regarding clean energy innovation needs and opportunities
- Attract and encourage investment in emerging technologies
- Accelerate the realization of benefits to participating countries from the most promising ideas
This Sub-group coordinated Mission Innovation’s partnership with the World Economic Forum to facilitate engagement between leading businesses and MI members. The collaboration with the World Economic Forum helps leverage the business expertise of the private sector and the strategic clean energy research investments of the public sector. Mission Innovation also coordinates with the Breakthrough Energy Coalition, which has made an unprecedented commitment to invest patient capital in early-stage technology development coming out of MI countries.
As a co-lead of the Sub-Group, Canada has developed a scan of the various players—such as investors, funds, corporations, and others—that play a key role in financing clean energy innovation. The scan, called “Mapping the Clean Energy Innovation Investment Ecosystem”, assists MI countries with targeting engagement opportunities with businesses and investors and helping make more informed decisions on how to best use public funding for clean energy R&D policies and programs.
The Sub-Group also organized a series of webinars to provide businesses, investors, and other stakeholders with an overview of MI countries’ clean energy innovation policies, programs, and opportunities for engagement.