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nr 48/1 2017
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  1. 10.3390/su13041689 (2021)
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Accelerators as a Tool to Support Startup Ventures: Assessing Their Performance and Success Factors. Literature Review

DOI: 10.18276/sip.2017.48/1-01
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ISSN:2450-7733
eISSN:2300-4096
Authors: Badamlyankhui Mishigragchaa
University of Finance and Economics, Ulaanbaatar, Mongolia
Keywords: accelerators incubators startups innovation ecosystem
Issue / book publication date:2017
Page range:11 (9-19)
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Klasyfikacja JEL: O31 O32
CC BY-SA Open Access
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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.

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