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The Effects of Business Accelerators on Venture Performance: Evidence from Start-Up Chile

62 Pages Posted: 28 Aug 2015 Last revised: 15 Apr 2017

Juanita Gonzalez-Uribe

London School of Economics - Department of Finance

Michael Leatherbee

Pontifical Catholic University of Chile - Department of Industrial Engineering

Date Written: February 15, 2017

Abstract

Do business accelerators affect new venture performance? We investigate this question in the context of Start-Up Chile, an ecosystem accelerator. We focus on two treatment conditions typically found in business accelerators: basic services of funding and co-working space, and additional entrepreneurship schooling. Using a regression discontinuity design, we show that schooling bundled with basic services can significantly increase new venture performance. By contrast, we find no support for causal effects of basic services by their own. Our results are most relevant for ecosystem accelerators attracting young and early-stage businesses. They suggest entrepreneurial capital matters in new ventures.

Keywords: Accelerators, Entrepreneurship, Start-up, Entrepreneurial Capital, Managerial Capital

JEL Classification: G24, L26, M13

Suggested Citation

Gonzalez-Uribe, Juanita and Leatherbee, Michael, The Effects of Business Accelerators on Venture Performance: Evidence from Start-Up Chile (February 15, 2017). Available at SSRN: https://ssrn.com/abstract=2651158 or http://dx.doi.org/10.2139/ssrn.2651158

Juanita Gonzalez-Uribe (Contact Author)

London School of Economics - Department of Finance ( email )

Houghton Street
London, WC2A 2AE
United Kingdom
+442074057686 (Phone)

Michael Leatherbee

Pontifical Catholic University of Chile - Department of Industrial Engineering ( email )

Av. Vicuna Mackenna 4860
Macul
Santiago
Chile

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