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Incubators, accelerators and regional economic development

Author

Listed:
  • Margarida Madaleno
  • Max Nathan
  • Henry Overman
  • Sevrin Waights

Abstract

A growing wave of co-location programmes promises to boost growth for 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.

Suggested Citation

  • Margarida Madaleno & Max Nathan & Henry Overman & Sevrin Waights, 2018. "Incubators, accelerators and regional economic development," CEP Discussion Papers dp1575, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepdps:dp1575
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    2. John Van Reenen, 2020. "Innovation and Human Capital Policy," NBER Chapters, in: Innovation and Public Policy, National Bureau of Economic Research, Inc.

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    More about this item

    Keywords

    incubators; accelerators; entrepreneurship; clusters; cities; economic development;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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