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Sources for success - new venture creation in seed and business accelerators

Author

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  • Lotta Frimodig
  • Marko Torkkeli

Abstract

The aim of this study is to explore how an accelerator could succeed. We found that fundamental preconditions for success might be the access to relevant business competences and the ability to transfer it to a startup. On the other hand, the dynamics of acceleration organisation might be a restricting factor for business knowledge use and action. The success of an accelerator is a multidimensional topic. Generally, accelerators should construct great value proposition that facilitates the generation of long-term attraction for different stakeholders. However, the access to knowledge and funding can be viewed as the prerequisites of the existence of an accelerator but a prevailing startup ecosystem and service providers can also have a significant influence on new venture creation. Generally, the success of an accelerator can improve a local startup ecosystem and might have an influence on the economic development of a region.

Suggested Citation

  • Lotta Frimodig & Marko Torkkeli, 2017. "Sources for success - new venture creation in seed and business accelerators," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 12(4), pages 489-507.
    • Handle: RePEc:ids:ijbexc:v:12:y:2017:i:4:p:489-507
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    Cited by:

    1. Emil Lucian Crișan & Irina Iulia Salanță & Ioana Natalia Beleiu & Ovidiu Niculae Bordean & Raluca Bunduchi, 2021. "A systematic literature review on accelerators," The Journal of Technology Transfer, Springer, vol. 46(1), pages 62-89, February.
    2. Del Sarto, Nicola & Cruz Cazares, Claudio & Di Minin, Alberto, 2022. "Startup accelerators as an open environment: The impact on startups’ innovative performance," Technovation, Elsevier, vol. 113(C).
    3. Del Sarto, Nicola & Isabelle, Diane A. & Di Minin, Alberto, 2020. "The role of accelerators in firm survival: An fsQCA analysis of Italian startups," Technovation, Elsevier, vol. 90.

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