Accelerators
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Accelerators

Successful Venture Creation and Growth

Edited by Mike Wright and Israel Drori

Accelerators are a rapidly growing new form of organization that aim to stimulate entrepreneurship through intensive, limited-period educational programs, including mentoring and networking for the cohort of start-up participants selected for each program, to improve their ability to attract investment at the end of the program. Drawing on novel evidence from across the world, this is the first book to provide rigorous analysis of the nature and effectiveness of accelerators that will be invaluable for researchers, policymakers and entrepreneurs.
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Chapter 3: Business accelerator governance

Laurens Vandeweghe and Jyun-Ying (Trent) Fu

Abstract

In this chapter, Laurens Vandeweghe and Trent Fu provide a micro-lens on business accelerators’ governance practices by examining how accelerators manage their external networks and internal organizations to achieve their organizational goals. As such, they look both at how accelerators coordinate autonomous stakeholders such as sponsors, partners, investors and portfolio companies within a network form of governance and at how accelerators are monitored and controlled internally to preside over the day-to-day activities by organizational governance mechanisms. They classify accelerators based on their sponsorship (i.e. corporate, private, public), indicating that such sponsorship differences influence the ways in which accelerators are governed both from an external-network perspective and from an internal organizational perspective, and illustrate this by applying this dual perspective to the cases of AppCampus, Techstars and Start-Up Chile.

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