"There is significant evidence that women entrepreneurs face unique challenges in starting and growing businesses, particularly in emerging markets. Acceleration programs represent one potential model for overcoming these challenges through support services and investment. Using GALI data on more than 14,000 ventures across 160 countries, this knowledge brief examines trends in the acceleration of women-led ventures."
"The number of accelerators has increased considerably in various emerging market countries in the past decade, especially in Sub-Saharan Africa. This includes Nigeria, the largest economy in West Africa. One important question then is: are these incubators and accelerators effective in providing support to enterprises in emerging markets, especially youth-led enterprises? This knowledge brief seeks to capture information from our study of incubators and accelerators in Nigeria in relation to their effectiveness in supporting youth-led enterprises."
"Increasing attention - both in the scholarly literature and in the world of policy makers and practitioners - is being paid to the challenges facing female entrepreneurs. What was once assumed to be a merit-based system for encouraging and rewarding entrepreneurs is now understood to operate in gendered ways that in many cases disadvantage female founders. These effects occur across the entire pipeline, beginning with the dearth of women seeking to start high growth companies, to the lack of funding opportunities and mentorship. There are substantial differences in the number of startups led by women, their levels of relevant experience and the amount of funding - both debt and equity - they seek and receive. Some have argued that women tend to found lower potential startups. Yet, even controlling for quality, we see many implicit biases in how female founders are treated. One important approach to redressing inequalities might be through the use of accelerators. Entrepreneurship accelerators are proliferating in both developed and developing economies as different cities, regions and sectors seek to increase economic growth and employment. Accelerators are designed to give a boost to startups by providing in a concentrated way the mentorship, networks, training and financing required to be successful. The presence of accelerators could have the potential to solve some of the challenges female entrepreneurs face, however preliminary evidence suggests that they, for the most part, seem to be perpetuating the gendered dynamics that exist in the entrepreneurial system. On the other hand, there is no systematic research on how accelerators do or might address the gendered dynamics of entrepreneurship. Because accelerators are seen as such an important policy tool for increasing entrepreneurial success, it is imperative that we develop and analyze systematic data on accelerators and their effects, particularly on female founders. In this study, we will draw on what is known to date on female entrepreneurs and more broadly on the research on gender in organizations and the economy to understand the dynamics of acceleration in entrepreneurship. Using a longitudinal database of over 3,000 ventures in nearly 50 accelerators, we trace the effects of selection into the accelerator and the acceleration process on outcomes for women-only, women-led, and male-only venture teams. We couple survey data with interviews of accelerators to understand whether and when acceleration can be a tool for mitigating gender bias in female entrepreneurship."
"The Global Accelerator Learning Initiative collects information from entrepreneurs when they apply to accelerator programs. This data summary includes information from 843 ventures operating in Brazil, contributed by 35 accelerator programs."
"The Global Accelerator Learning Initiative collects information from entrepreneurs when they apply to accelerator programs. This data summary includes information from 812 ventures operating in Central America, contributed by 56 accelerator programs."
"In partnership with the ANDE India Chapter, GALI is working to increase understanding of acceleration and early stage ventures in India. This data summary includes information from 1,214 ventures operating in India, contributed by 26 accelerators."
"In Mexico, early-stage ventures are becoming a focus for governments and investors that want to spur economic development. Since 2013, venture capital activity has grown, while Mexico City has become a social enterprise and impact investing hub for Latin America. Accelerators play a role in developing a pipeline of investment-ready businesses, but little research has been done on the entrepreneurs attending these programs and how they perform with this specific support. With the support of Citibanamex Compromiso Social, GALI is working to increase our understanding of acceleration and early-stage ventures in Mexico. This report includes application and one-year follow-up information from 318 ventures operating in Mexico, contributed by 15 accelerator programs."
"Accelerators are a type of incubation program that are concerned with attracting, supporting and developing new ventures. Although there is significant enthusiasm for accelerators and their potential benefits, there is limited research on how their core capabilities can vary. In response, we develop a typology of accelerator capabilities taking into account their strategy, governance, business model, operations and finance. To develop the typology we carried out a benchmark analysis of six clean energy commercialization accelerators (CECAs). From this we verified and illustrated the dimensions of our typology and identified four types of accelerator capabilities: R&D focused, technology enabled, market enabled, and network enabled. We then use a seventh accelerator case to illustrate how our typology can be used to describe, understand and prescribe appropriate capabilities for a CECA. We conclude our paper by explaining the research and practice implications of our research."
"Recent years have seen the emergence of a new institutional form in the entrepreneurial ecosystem: the seed accelerator. These fixed-term, cohort-based “boot camps” for start-ups offer educational and mentorship programs for start-up founders, exposing them to a wide variety of mentors, including former entrepreneurs, venture capitalists (VCs), angel investors, and corporate executives, and culminate in a public pitch event, or “demo day,” during which the graduating cohort of start-up companies pitch their businesses to a large group of potential investors. In practice, accelerator programs are a combination of previously distinct services or functions that were each individually costly for an entrepreneur to find and obtain. The accelerator approach has been widely adopted by private groups, public and government efforts, and by corporations. While proliferation of accelerators is clearly evident, with worldwide estimates of 3000+ programs in existence, research on the role and efficacy of these programs has been limited. In this article, I provide an introduction to the accelerator model and summarize recent evidence on its effects on the regional entrepreneurial environment."
"To gain understanding of the state of entrepreneurship in Africa, Omidyar Network launched the Accelerating Entrepreneurship in Africa Initiative in 2012. To execute this multiphase research project, we partnered with Monitor Deloitte South Africa (formerly Monitor Group). We set out together to identify the challenges facing African entrepreneurs and to pinpoint the most trenchant barriers inhibiting high-impact entrepreneurship...This article presents the findings of the entrepreneur survey, the outcomes of the workshops in Accra, and the conclusions of the third and final phase of the initiative: the recommended actions needed to accelerate entrepreneurship on the continent. Self finance and family loans are the main sources of funding."