Accelerators as a Tool to Support Startup Ventures: Assessing Their Performance and Success Factors. Literature Review
Year: 2017
Type: article
Abstract: Accelerators are rapidly proliferating around the world. Often confused with incubators but are rather the private sector versions of them, accelerators are regarded as the key contributor to the success rate of innovative business startups and entrepreneurship ecosystem. The current paper aims to provide an overview of currently available literatures on accelerators. It covers discussions on accelerators such as their definitions and functions, value propositions and business models in comparison with other startup assistance initiatives such as incubators. The latter part concentrates on research on accelerator performance and discovers that intervention of accelerators is relatively positive. Researchers agree that performance measurement must take into account of different foci and objectives of different types of accelerators. Although little empirical study has been done on accelerators due to newness of the phenomenon the paper finds that knowledge gap in accelerator phenomenon is narrowing given results of intense efforts held recently by research institutions.
Source: Studia i Prace WNEiZ
Author: Badamlyankhui Mishigragchaa
Institution: University of Finance and Economics
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2791691078