Innovative study highlights the transformative impact of accelerator programs on startups worldwide
Strategic Management SocietyA groundbreaking study by Valentina A. Assenova and Raphael Amit of The Wharton School, University of Pennsylvania, reveals that participation in startup accelerator programs significantly boosts post-acceleration performance for ventures. This research, published in the Strategic Management Journal, examines data from over 8,500 startups across 176 countries, providing critical insights into how accelerator program design shapes startup success.
Startup accelerators have become pivotal in fostering entrepreneurial ecosystems globally, offering resources such as seed capital, mentorship, and structured educational programming. The study found that startups participating in accelerators were more likely to raise venture capital, scale their revenue, and expand their workforce compared to those that did not complete these programs. On average, accelerator participation increased startups' revenue and capital-raising capabilities while enhancing their ability to attract top talent through higher wages.
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- Strategic Management Journal