Disrupting the Disruptors: Startup Accelerators Feel Pressure to Evolve [Knowledge @ Wharton]
A decade ago, eager entrepreneurs with little business acuity and in need of funding turned to startup accelerators for help. From the outside, these programs had an air of exclusivity with the source code to build successful businesses. Now that image seems passé. “New models are emerging on how to create ventures and scale them,” says Martin Ihrig, an adjunct professor of entrepreneurship at Wharton and practice professor at Penn’s Graduate School of Education.
The design of startup accelerators [Research Policy]
Accelerator programs are an increasingly important part of entrepreneurial ecosystems. While accelerators have core defining features—fixed-term, cohort-based educational and mentorship programs for startups— there is also significant variation amongst them. In this paper, we relate key variation in the antecedents, organizational design and operation of these programs to
The role of accelerator designs in mitigating bounded rationality in new ventures [Adminstrative Science Quarterly]
Using a nested multiple-case study of participating ventures, directors, and mentors of eight of the original U.S. accelerators, we explore how accelerators’ program designs influence new ventures’ ability to access, interpret, and process the external information needed to survive and grow.
Open accelerators for start-ups success: a case study
Purpose: The purpose of this paper is to investigate how the context of open innovation offered by accelerators can affect the successful growth of start-ups. The authors explore accelerators practices and tools in sustaining start-ups and increasing survival probability in their innovation process, with the aim of addressing the following research question
Understanding a new generation incubation model: The accelerator
Prior research hints at the accelerator as a new generation incubation model. Accelerators have become an umbrella term for any program providing a service structure of mentorship, networking opportunities and access to funding. The challenge, however, is to understand their distinctive characteristics and profiles geared towards reinforcing business start-ups
Portfolio size and information disclosure: An analysis of startup accelerators
We study the information-gathering role of a startup accelerator and consider the accelerator's incentives to choose a portfolio size and disclose information about participating ventures. We show that in a rational-expectations equilibrium, the resultant portfolio size is smaller than the first-best (efficient) level, consistent with some real-world observations.
The Effects of Business Accelerators on Venture Performance: Evidence from Start-Up Chile
Do business accelerators affect new venture performance? We investigate this question in the context of Start-Up Chile, an ecosystem accelerator. We focus on two treatment conditions typically found in business accelerators: basic services of funding and coworking space, and additional entrepreneurship schooling. Using a regression discontinuity design,
Seed accelerators and the speed of new venture creation
Technology startups need to launch, simultaneously and quickly, innovative products (or services) and organizations, but some are able to launch more quickly than others. This paper explores how some ventures start up very quickly, and the mechanisms by which accelerator programs assist nascent technology ventures to minimize startup time
Technology Business Incubation: An overview of the state of knowledge
This paper introduces Technology Business Incubation (TBI) as a field of study and practice, exploring the concept, its evolution, and scholarship. Science parks, incubators and accelerators are TBI mechanisms considered to be important policy tools for supporting innovation and technology-oriented entrepreneurial growth.
Accelerators and intra-ecosystem variety: how entrepreneurial agency influences venture development in a time-compressed support program
Accelerator programs constitute an important new element in entrepreneurial ecosystems, comprising focused support to advance the development of entrepreneurial ventures. Yet, we lack understanding of the processes through which accelerators contribute to enhancing entrepreneurial activity and especially the role of entrepreneurship agency in this process.