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Innovation on a Leash: Tradeoffs of Corporate Accelerators for Entrepreneurial Growth

Author

Listed:
  • Impink, Stephen Michael

    (HEC Paris)

  • Langburd Wright, Nataliya

    (Columbia University - Columbia Business School, Management)

  • Seamans, Robert

    (New York University (NYU) - Leonard N. Stern School of Business)

Abstract

This study assesses the impact of corporate accelerators on startup growth and technology adoption. Corporate accelerator programs offer technological resources that can spur startup growth, but they can also deter startups from exploring other suppliers' technologies. With novel data from one technology firm's accelerator program, we compare accepted and rejected startups using a machine-learning-based matching algorithm trained on the selection criteria. Participating in the corporate accelerator increases startups’ future funding by more than 50%. Moreover, participation increases startups’ use of the hosting firm's technologies by about 9%. The program asymmetrically benefits startups already using the host firm’s technologies and startups located in countries with more entrepreneurial resources, while reducing participation in other suppliers’ technological ecosystems. These findings suggest that corporate accelerator programs spur the growth of those with sufficient technological capabilities and local financing, but at the potential cost of reduced flexibility.

Suggested Citation

  • Impink, Stephen Michael & Langburd Wright, Nataliya & Seamans, Robert, 2025. "Innovation on a Leash: Tradeoffs of Corporate Accelerators for Entrepreneurial Growth," HEC Research Papers Series 1572, HEC Paris.
    • Handle: RePEc:ebg:heccah:1572
    DOI: 10.2139/ssrn.5291626
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    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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