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IGNITE your corporate innovation: insights from setting up an ag-tech start-up accelerator

Author

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  • Connolly, Aidan J.
  • Turner, Justin
  • Potocki, Alexa D.

Abstract

In today’s market era of rapid technological innovation even the most established agribusiness players risk being left behind in the wake of disruptive technology. How can large agriculture companies keep up? One emerging possibility for corporate innovation is that of the corporate start-up accelerator. Companies across all sectors, including agricultural and food technology, are increasingly using these programs to tap into early innovation. In 2017, Alltech ran its first program, the Pearse Lyons Accelerator for agri-business and ag-tech start-ups. This article serves to describe and analyze how corporate accelerators have populated start-up ecosystems and how the ag-tech and food sectors are reflecting this trend. Recommendations based on experience and critical feedback are presented to those considering developing their own accelerators and the role it might play in responsible innovation.

Suggested Citation

  • Connolly, Aidan J. & Turner, Justin & Potocki, Alexa D., 2018. "IGNITE your corporate innovation: insights from setting up an ag-tech start-up accelerator," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(6), July.
    • Handle: RePEc:ags:ifaamr:274998
    DOI: 10.22004/ag.econ.274998
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    References listed on IDEAS

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    1. Kohler, Thomas, 2016. "Corporate accelerators: Building bridges between corporations and startups," Business Horizons, Elsevier, vol. 59(3), pages 347-357.
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    4. Sarfraz Mian & Wadid Lamine & Alain Fayolle, 2016. "Technology Business Incubation : An overview of the state of knowledge," Post-Print hal-02313371, HAL.
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    Citations

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    Cited by:

    1. Gerlach, Sibylle & Feil, Jan-Henning, 2022. "Erfolgsfaktoren von Agrifood-Startups – erste empirische Erkenntnisse aus Deutschland," 62nd Annual Conference, Stuttgart, Germany, September 7-9, 2022 329615, German Association of Agricultural Economists (GEWISOLA).
    2. Lina Novickyté, 2019. "Risk in agriculture: An overview of the theoretical insights and recent development trends during last decade - A review," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(9), pages 435-444.
    3. Michał Bańka & Mariusz Salwin & Maria Kukurba & Szymon Rychlik & Joanna Kłos & Monika Sychowicz, 2022. "Start-Up Accelerators and Their Impact on Sustainability: Literature Analysis and Case Studies from the Energy Sector," Sustainability, MDPI, vol. 14(20), pages 1-30, October.
    4. Sohail, Kanza & Belitski, Maksim & Castro Christiansen, Liza, 2023. "Developing business incubation process frameworks: A systematic literature review," Journal of Business Research, Elsevier, vol. 162(C).
    5. Michał Bańka & Mariusz Salwin & Roman Tylżanowski & Ireneusz Miciuła & Monika Sychowicz & Norbert Chmiel & Adrian Kopytowski, 2023. "Start-Up Accelerators and Their Impact on Entrepreneurship and Social Responsibility of the Manager," Sustainability, MDPI, vol. 15(11), pages 1-32, May.
    6. Maria Urbaniec & Agnieszka Żur, 2021. "Business model innovation in corporate entrepreneurship: exploratory insights from corporate accelerators," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 865-888, June.
    7. Jaber Aljalahma & John Slof, 2022. "An Updated Systematic Review of Business Accelerators: Functions, Operation, and Gaps in the Existing Literature," JOItmC, MDPI, vol. 8(4), pages 1-16, December.
    8. Navid Mohammadi & Shaghayegh Sakhteh, 2023. "Start-up accelerator value chain: a systematic literature review," Management Review Quarterly, Springer, vol. 73(2), pages 661-694, June.
    9. Michal Banka & Mariusz Salwin & Dariusz Masłowski & Szymon Rychlik & Maria Kukurba, 2022. "Start-up Accelerator: State of the Art and Future Directions," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 477-510.
    10. Bańka Michał & Salwin Mariusz & Waszkiewicz Aneta Ewa & Rychlik Szymon & Kukurba Maria, 2022. "Startup Accelerators," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 58(1), pages 80-118, March.
    11. Emil Lucian Crișan & Irina Iulia Salanță & Ioana Natalia Beleiu & Ovidiu Niculae Bordean & Raluca Bunduchi, 2021. "A systematic literature review on accelerators," The Journal of Technology Transfer, Springer, vol. 46(1), pages 62-89, February.

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