Incubators, Accelerators and Regional Economic Development

25 Pages Posted: 8 Oct 2018

See all articles by Margarida Madaleno

Margarida Madaleno

London School of Economics & Political Science (LSE) - London School of Economics

Max Nathan

Birmingham Business School; Centre for Economic Performance

Henry G. Overman

London School of Economics (LSE) - Department of Geography and Environment; Centre for Economic Policy Research (CEPR)

Sevrin Waights

German Institute for Economic Research (DIW Berlin)

Abstract

A growing wave of co-location programmes promises to boost growth for entrepreneurs and young firms. Despite great public and policy interest we have little idea whether such programmes are effective. This paper categorises accelerators and incubators within a larger family of co-location interventions. We then develop a single framework to theorise workspace-level impacts. We summarise available evaluation evidence and sketch implications for regional economic policy. We find clear evidence programmes are effective overall. But we know little about how effects operate – or who benefits. Providers and policymakers should experiment further to establish optimal designs.

Keywords: entrepreneurship, incubators, accelerators, clusters, cities, economic development

JEL Classification: L26, O32, R30, R58

Suggested Citation

Madaleno, Margarida and Nathan, Max and Overman, Henry G. and Waights, Sevrin, Incubators, Accelerators and Regional Economic Development. IZA Discussion Paper No. 11856, Available at SSRN: https://ssrn.com/abstract=3261715

Margarida Madaleno (Contact Author)

London School of Economics & Political Science (LSE) - London School of Economics

United Kingdom

Max Nathan

Birmingham Business School ( email )

Edgbaston Park Road
Birmingham, B15 2TY
United Kingdom

Centre for Economic Performance ( email )

Houghton Street
London WC2A 2AE
United Kingdom

Henry G. Overman

London School of Economics (LSE) - Department of Geography and Environment ( email )

Houghton Street
London, WC2A 2AE
United Kingdom
+44 20 7955 6581 (Phone)
+44 20 7955 7412 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Sevrin Waights

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany

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