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

Author

Listed:
  • Yang Shu
  • Kher Romi

    (Department of Management, Zicklin School of Business, Baruch College, City University of New York, New York, NY, USA)

  • Lyons Thomas S.

    (Department of Agricultural, Food and Resource Economics, Michigan State University, East Lansing, MI, USA)

Abstract

Despite the emergence of startup accelerators as venture development organizations (VDOs) 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, G. A., and T. S. Lyons. 2006. “Managing the community's pipeline of entrepreneurs and enterprises: A new way of thinking about business assets.” Economic Development Quarterly 20 (4): 377–386.), 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.

Suggested Citation

  • Yang Shu & Kher Romi & Lyons Thomas S., 2018. "Where Do Accelerators Fit in the Venture Creation Pipeline? Different Values Brought by Different Types of Accelerators," Entrepreneurship Research Journal, De Gruyter, vol. 8(4), pages 1-13, October.
    • Handle: RePEc:bpj:erjour:v:8:y:2018:i:4:p:13:n:2
    DOI: 10.1515/erj-2017-0140
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    References listed on IDEAS

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    Cited by:

    1. Ana Garcez & Ricardo Silva & Mário Franco, 2022. "The Hard Skills Bases in Digital Academic Entrepreneurship in Relation to Digital Transformation," Social Sciences, MDPI, vol. 11(5), pages 1-18, April.

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