Poised for growth: Exploring the relationship between accelerator program design and startup performance

IF 6.5 1区管理学 Q1 BUSINESS

Strategic Management Journal Pub Date : 2024-01-25 DOI:10.1002/smj.3581

Valentina A. Assenova, Raphael Amit

引用次数: 0

Abstract

Accelerator programs provide valuable market feedback and education to participants that may improve startup performance. However, it is unclear whether the average effect of accelerator participation on startup performance post acceleration is positive, and if so, how this effect varies with accelerator program design. We analyze data from 8580 startups that made it past the initial selection stage at 408 accelerators in 176 countries between 2013 and 2019. We compare accelerated and non-accelerated startups and find a positive average effect of accelerator participation on startup performance post acceleration. Moreover, we find that this effect varies substantially with program design, and depends on venture stage, industry, and founder expertise. Our findings highlight the impact of program design on the benefits that startups derive from accelerator participation.

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蓄势待发：探索加速器项目设计与初创企业业绩之间的关系

加速器项目为参与者提供了宝贵的市场反馈和教育，可以提高初创企业的绩效。然而，目前还不清楚加速器的参与对初创企业加速后表现的平均影响是否是积极的，如果是，这种影响如何随加速器项目设计的不同而变化。我们分析了 2013 年至 2019 年期间，来自 176 个国家 408 个加速器的 8580 家通过初选的初创企业的数据。我们对经过加速和未经过加速的初创企业进行了比较，发现参与加速器对初创企业加速后的表现有积极的平均影响。此外，我们还发现，这种效应随项目设计的不同而有很大差异，并取决于创业阶段、行业和创始人的专长。我们的研究结果凸显了项目设计对初创企业从参与加速器中获益的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Strategic Management Journal Multiple-

CiteScore

13.70

自引率

8.40%

发文量

109

期刊介绍： At the Strategic Management Journal, we are committed to publishing top-tier research that addresses key questions in the field of strategic management and captivates scholars in this area. Our publication welcomes manuscripts covering a wide range of topics, perspectives, and research methodologies. As a result, our editorial decisions truly embrace the diversity inherent in the field.