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Accelerator Definition Based on a Review of Definitions in the Literature (view source)
Revision as of 23:59, 28 March 2019
, 23:59, 28 March 2019→Accelerator Definitions in the Literature
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|Dempwolf et al. & Small Business Association
|2014
|Accelerators select and invite a small group of entrepreneurs to startup boot camps, providing mentoring, resources, and, most important, industry connections during these programs. Successful graduates leave with the next stage of funding or revenue in hand, and all graduates leave with a small percentage of their company’s equity ceded to the accelerator. Accelerators address the funding gap for startups and the information gap for wouldbe investors by acting as network brokers. They reduce search costs for angel funders and venture capitalists while creating a pipeline of vetted technologies for the market. By concentrating resources through seed funding, access to investment networks, and intensive mentoring, accelerators are able to identify “winning” ideas more quickly and help those startups grow.The proposed taxonomy distinguishes accelerators from other startup assistance organizations based on the organization’s value proposition and business model, both of which are influenced significantly by the accelerator’s technology focus and the founder’s motivation for starting. |
|[http://www.knsecure.com/Resources/Articles/Defining%20Characteristics%20Among%20Startup%20Assistance%20Organizations.pdf/ Link]
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|Fishback et al.
|2007
|...accelerators are organizations offering a suite of professional services,
mentoring, and office space in a competitive program format.
|[http://www.knsecure.com/Resources/Articles/Defining%20Characteristics%20Among%20Startup%20Assistance%20Organizations.pdf/ Link]
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|Atkins
|2011
|Clients: Web-based, mobile apps, social networking, gaming, cloud-based, software, etc.; firms that do not require significant immediate investment or proof of concept; primarily youthful, often male technology enthusiasts, gamers, and hackers. Selection Process: Competitive selection of firms from wide regions or even nationally (or globally). Terms of Assistance: Generally 1- to 3-month boot camps. Services: “Fast-test” validation of ideas; opportunities to create a functioning beta and find initial customers; linkage of entrepreneurs to business consulting and experienced entrepreneurs in the Web or mobile apps space; assistance in
preparing pitches to try to obtain follow-up investment.
|[http://www.nbia.org/resource_library/review_archive/0611_01.php/ Link]
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|Hoffman and Radojevich-Kelley
| 2012
|They are for-profit organizations that receive equity in exchange for the provision of funding to the startups. They do not necessarily provide office space for the startups they support, but typically provide meeting space. They target regional, national, or even global startups.
|[http://www.knsecure.com/Resources/Articles/Defining%20Characteristics%20Among%20Startup%20Assistance%20Organizations.pdf/ Link]
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| UK Department for Business, Energy, and Industrial Strategy
|2017
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|[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/608409/business-incubators-accelerators-uk-report.pdf/ Link]|TBD|-|Telefonica & O2|2014|Duration: Accelerators typically offer intensive support over a limited timeframe, with a fixed number of intakes per year. Investment: Many accelerators offer pre-seed funding to startups in return for equity. Fees: The majority of accelerators invest for equity rather than charging a fee upfront; some do charge programmefees but increase their investment to cover the amount. Workspace: Accelerators put greater emphasison training and mentorship, offering workspace for limited periods. (pp. 9)|[http://cdn.news.o2.co.uk.s3.amazonaws.com/wp-content/uploads/2014/12/O2_WAYRA_Report_121214.pdf?_ga=2.95090709.867707169.1553826924-1724939740.1553826924/ Link]|TBD|-|Nest - Business incubators and accelerators: the national picture (UK)|2018|Accelerator - Fixed duration programme (usually between three and twelve months); Typically growth-based (payment via equity rather than fees); Focus on services over physical space; Admission in cohorts; Provision of startup services (e.g. mentorship, entrepreneurial training); Highly selective.|[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/706581/Business-incubators-accelerators-directory-update.xlsx/ Link]|TBD|-|Nest|2011|An application process that is open to all, yet highly competitive. Provision of pre-seed investment, usually in exchange for equity. A focus on small teams, not individual founders. Time-limited support comprising programmed events and intensive mentoring. Cohorts or ‘classes’ of start-ups rather than individual companies.|[https://www.nesta.org.uk/report/the-startup-factories/ Link 1]; [https://media.nesta.org.uk/documents/the_startup_factories_0.pdf/ Link 2]|TBD
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[[File:CohenIncubatorvsAccelerator.PNG]]
[[File:Table2.PNG]]
Source: Excepts from Atkins, D. 2011. What are the new seed or venture accelerators? Available at
[http://www.nbia.org/resource_library/review_archive/0611_01.php/ Link].
[https://www.mitpressjournals.org/doi/pdf/10.1162/INOV_a_00184/ PP. 2 Differences Between an Incubator and an Accelerator]
