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Success Factors of Corporate Accelerators

Author

Listed:
  • Ton Guardiet
  • Alexander Oreschenko
  • Hendrick Wawers

Abstract

Corporate accelerators have become an important form of corporate-start-up collaboration. According to [1] mm1 (consultancy for Connected Business), two-thirds of all DAX 30 companies in Germany engaged with start-ups via an accelerator in the year 2020. Despite the clear importance of this phenomenon, there is still a lack of understanding of the concrete factors that determine their success. Corporate accelerators can be designed in different ways but business executives are still in the dark about the consequences of these design decisions on the performance. The aim of present study is to determine success factors of a selected set of corporate accelerators based on qualitative data. A database of 109 corporate accelerators was collected from which all Germany based programs (28) were analysed in greater detail regarding their performance and program design. Hereby, the study tests the statistical relevance of 14 potential success factors identified via literature review conducted on the matter. The results show that especially five factors have a significant positive correlation to a corporate accelerators success: The existence of corporate partners. A demanding selection process that contains selection days for shortlisted start-ups. A larger amount of start-ups per batch. The obligation for start-ups to be physically present in the facilities for the time of the program (Pre Covid19). The incorporation of metrics to track the progress of participating start-ups. Â JEL classification numbers: O31.

Suggested Citation

  • Ton Guardiet & Alexander Oreschenko & Hendrick Wawers, 2022. "Success Factors of Corporate Accelerators," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 11(1), pages 1-1.
    • Handle: RePEc:spt:busent:v:11:y:2022:i:1:f:11_1_1
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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.
    2. Kim, Jin-Hyuk & Wagman, Liad, 2014. "Portfolio size and information disclosure: An analysis of startup accelerators," Journal of Corporate Finance, Elsevier, vol. 29(C), pages 520-534.
    3. Shankar, Raj K. & Shepherd, Dean A., 2019. "Accelerating strategic fit or venture emergence: Different paths adopted by corporate accelerators," Journal of Business Venturing, Elsevier, vol. 34(5), pages 1-1.
    4. Yael V. Hochberg, 2015. "Accelerating Entrepreneurs and Ecosystems: The Seed Accelerator Model," NBER Chapters, in: Innovation Policy and the Economy, Volume 16, pages 25-51, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    Acceleration programs; Corporate acceleration; Corporate entrepreneurship; start-ups; Corporate incubators.;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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