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Startup Accelerators: Trends & Niches

So… what are the data telling us?

Genevieve Edens Aspen Network of Development Entrepreneurs

Trends in startup accelerators

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2007 2008 2009 2010 2011 2012 2013 2014 2015 20160

10

20

30

40

50

60

70 Interest in "startup accelerator"

Source: Google Trends

It’s all relative…

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2007 2008 2009 2010 2011 2012 2013 2014 2015 201601020304050607080

Interest in "startup accelerator"

Interest in “business incubator"

Source: Google Trends

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The Global Accelerator Learning Initiative

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www.galidata.org

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Do Accelerators Work?

What is an accelerator?

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420+

COHORT BASED PROGRAM

PROGRAM IS TIME BOUNDFEATURES AN INVESTOR EVENT

320 115

83

1-12 months

Global Accelerator Survey results

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www.galidata.org

What is an accelerator?

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?❶ Smaller applicant pool❷ Slower pace programs❸ Less direct funding❹ More grant revenue

❶Extremely selective❷10 weeks❸Seed fund

Do they work?

10

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7,000+ ventures from over 100 programs

since 2013

Entrepreneurship Database Program

Entrepreneurship Database Program

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www.galidata.org

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Accelerator Program Accelerator Program Accelerator Program

Consistent Application Questions

Survey at Application

Annual Follow up Surveys

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Baseline (application)

1 year

2 year

3 years

AcceptedRejected

Do Accelerators Work?

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Average change in revenue significantly higher for participated ventures

Average change in equity raised significantly higher for participated ventures

Average change in number of full time employees higher for participated ventures

Jobs Created

Equity Raised

Revenue Growth

*Preliminary*N=1759 ventures

Do accelerators work?

Do some programs work better than others?

Does program effectiveness depend on sector or geography?

Does program effectiveness depend on types of entrepreneurs?

How do specific program elements affect entrepreneur performance?

Thank you!

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