Studia i Prace WNEiZ US

Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Studia i Prace WNEiZ

ISSN: 2450-7733     eISSN: 2300-4096    OAI    DOI: 10.18276/sip.2017.48/1-01
CC BY-SA   Open Access 

Issue archive / nr 48/1 2017
Accelerators as a Tool to Support Startup Ventures: Assessing Their Performance and Success Factors. Literature Review

Authors: Badamlyankhui Mishigragchaa
University of Finance and Economics, Ulaanbaatar, Mongolia
Keywords: accelerators incubators startups innovation ecosystem
Year of publication:2017
Page range:11 (9-19)
Klasyfikacja JEL: O31 O32
Cited-by (Crossref) ?:


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.
Download file

Article file


1.Aspen Network of Development Entrepreneurs (ANDE). Retrieved from:
2.Baird, R., Bowles, L., Suaraph, L. (2013). Bridging the ‘Pioneer Gap’: The Role of Accelerators in Launching High-Impact Enterprises. Retrieved from:
3.Bruneel, J., Ratinho, T., Clarysse, B., Groen, A. (2012). The Evolution of Business Incubators: Comparing demand and supply of business incubation services across different incubator generations. Technovation, 32 (2), 110–121.
4.Caley, E., Kula, H. (2013). Seeding Success: Canada’s Startup Accelerators. Toronot: MaRS. Retrieved from:
5.Clarysse, B., Wright, M., Van Hove, J. (2015). A look Inside Accelerators. Building Businesses. Nesta. Retrieved from:
6.Clarysse, B., Yusubova, A. (2014). Success factors of business accelerators. Technology Business Incubation Mechanisms and Sustainable Regional Development, Proceedings. Retrieved from:
7.Cohen, S. (2013). What Do Accelerators Do? Insights from Incubators and Angels. Innovations, 8 (3–4), 19–25.
8.Cohen, S., Hochberg, Y. (2014). Accelerating Startups: The Seed Accelerator Phenomenon. Retrieved from:
9.Dempwolf, C.S., Auer, J., D’Ippolito, M. (2014). Innovation Accelerators: Defining Characteristics Among Startup Assistance Organizations. Retrieved from:
10.Fetsch, E. (2015). Are incubators Beneficial to Emerging Businesses? The Kauffman Foundation. Retrieved from:
11.Fishback, B., Gulbrasnon, C., Litan, R., Mitchell, L., Porzig, M. (2007). Funding Business Idols: A New Model to Accelerate Startups. Kansas City: Ewing Marion Kauffman Foundation.
12.Hallen, B.L., Bingham, C.B., Cohen, S.L. (2014). Do Accelerators Accelerate? A Study of Venture Accelerators as a Path to Success. Academy of Management Proceedings, 1, 747–752.
13.Hannigan, T.J., Winston-Smith, C. (2013). Accelerators, Crowd-funding and New forms of Financing Entrepreneurship. Retrieved from:
14.Isabelle, D.A. (2013). Key Factors Affecting a Technology Entrepreneu’s Choice of Incubator or Accelerator. Technology Innovation Management Review, 3 (2), 16–22.
15.Kim, J.-H., Wagman, L. (2012). Early-Stage Financing and Information Gathering: An Analysis of Startup Accelerators. Rochester: Social Science Research Network.
16.Konczal, J. (2012). Evaluating the Effects of Accelerators? Not So Fast. Forbes. Retrieved from:
17.Miller, P., Bound, K. (2011). The Startup Factories. NESTA. Retrieved from:
18.Ortmans, J. (2016). A Hard Look At Accelerators. The Kauffman Foundation, Policy Dialogue on Entrepreneurship. Retrieved from:
19.Radojevich-Kelley, N., Hoffman, D.L. (2012). Analysis of Accelerator Companies: An Exploratory Case Study of Their Programs, Processes, and Early Results. Small Business Institute Journal, 8 (2), 54–70.
20.Rose, D.S., Grof, M. (2016). The State of the Startup Accelerator Industry. Entrepreneurs. Retrieved from:
21.Sparks, E. (2013). Top Trends in State Economic Development. National Governors Association. Retrieved from:
22.The Global Accelerator Network (GAN). Retrieved from
23.The National Business Incubator Association (NBIA). Retrieved from
24.The Seed Accelerator Ranking Project (2016). Retrieved from:
25.Tomkins-Bergh, C. (2015). Three Emerging Trends in the Accelerator Model. The Kauffman Foundation. Retrieved from:
26.Torun, M. (2016). Business Accelerators and Their Difference From Incubators. Working Paper. Research Gate. Retrieved from: