Where Do Accelerators Fit in the Venture Creation Pipeline? Different Values Brought by Different Types of Accelerators

27 Pages Posted: 24 Jul 2018 Last revised: 14 Apr 2019

See all articles by Shu Yang

Shu Yang

City University of New York, Baruch College, Zicklin School of Business, Students

Romi Kher

City University of New York - Narendra Paul Loomba Department of Management

Date Written: July 1, 2018

Abstract

Despite the emergence of startup accelerators as venture development organizations to high-growth firms, research has yet to identify where these accelerators fit into the venture development ecosystem. By clarifying and reviewing three different subsystems in the entrepreneurial ecosystem, our paper proposes that as an extension of the current incubation mechanism, accelerators contribute to the entrepreneurial ecosystem by transforming entrepreneurs and their ventures at early stages. Drawing upon the Pipeline Model (Lichtenstein & Lyons, 2006), we first plot where the accelerator model fits in the broader entrepreneurship ecosystem, and then demonstrate how different types of accelerators help participating entrepreneurs and their ventures progress along the venture development pipeline. Our theoretical approach contributes to both the entrepreneurship ecosystem and the accelerator literature and provides a practical map for both policymakers and early-stage entrepreneurs to manage and utilize their entrepreneurship ecosystem more effectively.

Keywords: Business Accelerators, Pipeline Model, Startup Ecosystem, Entrepreneurship Development

Suggested Citation

Yang, Shu and Kher, Romi, Where Do Accelerators Fit in the Venture Creation Pipeline? Different Values Brought by Different Types of Accelerators (July 1, 2018). Baruch College Zicklin School of Business Research Paper No. 2018-07-02. Available at SSRN: https://ssrn.com/abstract=3212379 or http://dx.doi.org/10.2139/ssrn.3212379

Shu Yang (Contact Author)

City University of New York, Baruch College, Zicklin School of Business, Students ( email )

17 Lexington Ave., Box B10-225
NYC, NY 10010
United States

Romi Kher

City University of New York - Narendra Paul Loomba Department of Management

NY
United States

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