Corporate Accelerator and Start-up Performance

Posted: 24 Jun 2019

See all articles by Nikolaus Seitz

Nikolaus Seitz

University of Augsburg

Erik E. Lehmann

University of Augsburg - Faculty of Business and Economics

Patrick Haslanger

affiliation not provided to SSRN

Date Written: June 18, 2019

Abstract

Corporate accelerators (CA) are a rapidly growing institutional phenomenon. As agile innovation units they offer start-ups fixed-term coaching programs, designed to provide benefits for start-ups and corporations. Although their proliferation is evident, little is known about their efficacy and drivers of performance. Analyzing a hand-collected novel dataset containing more than 200 start-ups across 15 CA programs located throughout Germany, our results suggest that while start-ups benefit from small, specialized and industry-specific programs through synergies and economies of scale and scope; increasing specialization generates also disadvantages for the accelerated start-ups. Lock-in effects and hold-up problems make it difficult to raise follow-up financing.

Keywords: corporate venturing, innovation, entrepreneurship, corporate accelerator (CA), autonomy, specialization

JEL Classification: G24, L25, L26, M13, O3

Suggested Citation

Seitz, Nikolaus and Lehmann, Erik E. and Haslanger, Patrick, Corporate Accelerator and Start-up Performance (June 18, 2019). Available at SSRN: https://ssrn.com/abstract=3406032

Nikolaus Seitz (Contact Author)

University of Augsburg ( email )

Universit├Ątsstr. 2
Augsburg, 86159
Germany

Erik E. Lehmann

University of Augsburg - Faculty of Business and Economics ( email )

Universit├Ątsstr. 16
Augsburg, 86135
Germany

Patrick Haslanger

affiliation not provided to SSRN

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