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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 9: Emergence of accelerators and accelerator policy: the case of Australia

Martin Bliemel, Saskia de Klerk, Ricardo Flores and Morgan P. Miles


In this chapter, Martin Bliemel, Saskia de Klerk, Ricardo Flores and Morgan Miles review the historic context in which an accelerators industry emerged in Australia in parallel with policy development to indirectly support start-ups. Their study spans over three decades of policies aimed at supporting innovative high-growth ventures. Early attempts at stimulating an incubator industry failed. The authors focus on the most recent years, during which accelerators initially emerged in Australia in the absence of policy tailored to the accelerator business model, followed by the design and implementation of a A$23 million national Incubator Support Programme.

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