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Accelerators For Startups In Europe

Author

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  • Anna Serwatka

    (AGH University of Science and Technology Jagiellonian University in Kraków)

Abstract

According to Steve Blank, a startup is a temporary organization that is looking for a profitable, scalable, and repeatable business model. The aim of this article is to compare the startup environments in Poland and other European Union countries, in particular the functioning of accelerators and incubators. The study is based on analysing the sources of acceleration programs and methods of supporting young companies. It turns out that since 2007, the economies of European countries and the US have been feeling the growth of small enterprises that are innovative, and their products are often revolutionizing global markets. Many startups also end up in bankruptcy, but this does not discourage entrepreneurs from creating more and more new teams work on new innovative technologies. One of the biggest problems for start-up companies is finding financing. Hence the interest in the acceleration programs, thanks to which companies gain financing and, above all, mentoring and contact with investors and customers. The effects of cooperation between accelerators and young companies can also be seen on the Polish market. In the last two years new government projects have been created and directed by large corporations, which are supporting the ideas of young people and encourage the development of startups.

Suggested Citation

  • Anna Serwatka, 2018. "Accelerators For Startups In Europe," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 7(1), pages 67-81.
    • Handle: RePEc:cpn:umkcjf:v:7:y:2018:i:1:p:67-81
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    File URL: https://apcz.umk.pl/CJFA/article/view/CJFA.2018.005/15030
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    References listed on IDEAS

    as
    1. Rajagopal, 2014. "Organizations and Innovation," Palgrave Macmillan Books, in: Architecting Enterprise, chapter 3, pages 58-86, Palgrave Macmillan.
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    Cited by:

    1. Michał Bańka & Mariusz Salwin & Maria Kukurba & Szymon Rychlik & Joanna Kłos & Monika Sychowicz, 2022. "Start-Up Accelerators and Their Impact on Sustainability: Literature Analysis and Case Studies from the Energy Sector," Sustainability, MDPI, vol. 14(20), pages 1-30, October.
    2. Maria Urbaniec & Agnieszka Żur, 2021. "Business model innovation in corporate entrepreneurship: exploratory insights from corporate accelerators," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 865-888, June.

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    Keywords

    startup; accelerator; incubator;
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