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{{Short description|Company that invests in and supports startups}}
'''Startup accelerators''', also known as '''seed accelerators''', are fixed-term, [[Cohort (educational group)|cohort-based]] programs, that include [[mentorship]] and educational components and culminate in a public [[sales pitch|pitch]] event or [[demo day]].<ref>{{cite journal|last=Cohen|first=Susan|title=What Do Accelerators Do? Insights from Incubators and Angels|journal=Innovations|year=2013|volume=8|issue=3–4|pages=19–25|doi=10.1162/inov_a_00184|doi-access=free}}</ref> While traditional [[business incubator]]s are often government-funded, generally take no equity, and rarely provide [[funding]], accelerators can be either privately or publicly funded and cover a wide range of industries. Unlike [[business incubators]], the application process for seed accelerators is open to anyone but highly competitive.<ref name="accelerating-studies" /> There are specific accelerators, such as '''[[corporate accelerator]]s''', which are often subsidiaries or programs of larger corporations that act like seed accelerators.<ref>{{cite web |url=http://techcrunch.com/2014/08/25/corporate-accelerators-are-an-oxymoron/ |title=Corporate Accelerators Are An Oxymoron |last=Crichton |first=Danny |date=2014-08-25 |access-date=2015-06-17 }}</ref>▼
{{Use mdy dates|date=March 2023}}
▲'''Startup accelerators''', also known as '''seed accelerators''', are fixed-term, [[Cohort (educational group)|cohort-based]] programs, that include [[mentorship]] and educational components, and (sometimes) culminate in a public [[sales pitch|pitch]] event or [[demo day]].<ref>{{
==Distinctive qualities==
{{See also|Business incubator}}
The main differences between business [[Business incubator|incubators]], [[Startup studio|startup studios]],<ref>{{Cite web |last=Kronenberger |first=Craig |date=
# The application process is open to anyone but highly competitive. For instance, [[Y Combinator (company)|Y Combinator]] and [[TechStars]] have application acceptance rates between 1% and 3%.
# Seed [[equity investment|investment]] in [[Startup company|startups]]
# The focus is generally on small teams, not on individual founders. Accelerators generally consider that one person is insufficient to handle all the work associated with a startup. However, a number of 'founder first' accelerators exist that focus on solo founders, including [[Entrepreneur First]], [[Antler (venture capital firm)|Antler]], Oneday and Underdog Accelerator.<ref>{{Cite web |title=Underdog Startup Accelerator {{!}} Expert Support to Launch Your Startup |url=https://underdogaccelerator.com/ |access-date=2023-08-14 |website=Underdog Startup Accelerator {{!}} Expert Support to Launch Your Startup |language=en}}</ref>
# The startups must "graduate" by a given deadline, typically after 3 months. During this time, they receive intensive mentoring and training, and they are expected to iterate rapidly. Virtually all accelerators end their programs with a "
# Startups are accepted and supported in cohort batches or classes (the accelerator isn't an on-demand resource).<ref>{{
The primary value to the
Seed accelerators do not necessarily need to include physical space, but many do. The process that startups go through in the accelerator can be separated into five distinct phases: awareness, application, program, demo day, and post demo day.<ref name="accelerating-studies">{{
Accelerators provide enough funding to get a company to
==History==
The first seed accelerator was [[Y Combinator (company)|Y Combinator]], started in Cambridge, Massachusetts, in 2005, and then later moved to Silicon Valley by [[Paul Graham (computer programmer)|Paul Graham]].<ref name="accelerating-studies" /> It was followed by [[TechStars]] (in 2006), [[Seedcamp]] (in 2007), [[AngelPad]] (in 2010),
In Europe, the first accelerator program was started by Accelerace in 2009 in Denmark (strongly subsidised by the Danish government) followed shortly after by Startup Wise Guys in 2012 in Estonia.
With the growing popularity of seed accelerator programs in the US, Europe has seen an increase in accelerators to support a growing [[startup ecosystem]].<ref>{{
Forbes published an analysis of startup accelerators in April 2012.<ref name="forbes1">{{
==Impact==
Whether accelerators increase the success of accelerated firms is not always clear. A number of studies have shown that accelerated cohorts perform better than non-accelerated firms, but this is potentially due to the selection effect of programmes (i.e., the accelerators might be good at 'picking winners' rather than creating them). However, studies using [[regression discontinuity design]] show that accelerators can indeed have impact over and above their selection effect, and may also have wider ecosystem spillovers (although this does not necessarily apply to every program).<ref>{{Cite report |author=Jonathan Bone |author2=Juanita Gonzalez-Uribe |author3=Christopher Haley |author4=Henry Lahr |date=2019 |title=THE IMPACT OF BUSINESS ACCELERATORS AND INCUBATORS IN THE UK |url=https://www.gov.uk/government/publications/the-impact-of-business-accelerators-and-incubators-in-the-uk |publisher=BEIS}}</ref>
==See also==
*[[Business incubator]]
*[[Corporate accelerator]]
*[[Forum Ventures]]
*[[:Category:Startup accelerators|List of Startup Accelerators]]▼
*[[Flex space]]
== References ==
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