Business Accelerator Network: A Powerful Generator of Strategic Emerging Industries
Year: 2012
Type: preprint
Abstract: Technological innovation becomes increasingly important in the age of new economy. Therefore, service system for innovation has been in continually organizational change in order to improve innovation efficiency. For example, Technology Park, industrial laboratory, business incubator and business accelerator, are all serve for technological innovation. It could be foreseen that new organizational model for innovation service will emerge. In recent decades, the system shows the characteristics of professional, modularity and integration by network. This paper noted the newly founded organization in Southeast Michigan which is called Business Accelerator Network, and think it is an effective and productive organization for providing innovation resources. Development of Technology and economics makes business accelerator upgraded, while fostering emerging industries of strategic importance requires great support from business accelerator network (BAN). BAN, which integrates modularized professional service and participates in horizontal industrial division, is an important producer service that boosts emerging industries and perfects innovation environment. Centralized model, distributed model and mixed model are typical governance structure of BAN. Different model encounters different stage of innovation service market. In detail, Centralized model fits for the early market stage; mixed model fits for the developing market stage; and distributed model fits for mature market. The three models provide a practical path, for developing countries or region facing economic transition and technological change, to foster BAN.
Source: SSRN Electronic Journal
Authors: YE Huo-jie, Zhong Shu-hua
Institution: Huazhong University of Science and Technology
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1497728045