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Startup accelerators are a relatively recent phenomenon. Accelerators systematically help startups with high growth potential remove barriers to that growth. Accelerators select the startups with the highest growth potential and systematically and actively remove their obstacles: Lack of money, lack...
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Veröffentlicht in: | Economic and Business Review 2019-07, Vol.21 (4) |
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Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | Startup accelerators are a relatively recent phenomenon. Accelerators systematically help startups with high growth potential remove barriers to that growth. Accelerators select the startups with the highest growth potential and systematically and actively remove their obstacles: Lack of money, lack of knowledge, lack of personnel, or lack of connections to potential key stakeholders. The motivational role of accelerators is also important, as they often awaken the ambition of startups and present them with the possibility of accelerated growth as one of their key competitive advantages. However, to perform these support functions in the long term, accelerators in countries with less developed support environments need to develop different, more vertically integrated operating models that differ significantly from the business models of accelerators in developed countries. |
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ISSN: | 2335-4216 1580-0466 2335-4216 |
DOI: | 10.15458/2335-4216.1075 |