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Corporate accelerators
(2023)
Since their emergence almost two decades ago, accelerators have evolved towards a global phenomenon that has the potential to shape global economies and societies. The rapid evolvement of the accelerator phenomenon increasingly caught scholars’ interest to examine what makes this specific form of startup support unique and popular in practice. Despite the growing amount of valuable contributions in accelerator research, several key aspects of the accelerator phenomenon remain unsolved or misunderstood, which leaves scholars as well as practitioners with a discordant understanding of how and why accelerators evolved and how they function to date. Hence, ambiguities are still large with regard to thoroughly understanding the accelerator mechanism and its recent developments. However, this understanding is crucial to develop theory in accelerator research and provide assistance for practitioners on how to increase value creation of accelerator programs. By means of five research studies this cumulative dissertation contributes to the lack of common conceptual foundations, an adequate consideration of theoretical underpinnings, a contemporary presentation of defining accelerator characteristics and their evolvement, and reliable insights on accelerator efficacy. In addition, this dissertation contributes numerous lessons learned and guidance to various stakeholders affected by accelerators.
SevenAccelerator, a specialized unit of ProSiebenSat.1 Media SE established in 2013, is one of Germany’s longest-running corporate accelerators. This case enables students to understand the detailed workings of a structured startup support program through the activities outlined in the SevenAccelerator business model. Now, to ensure a successful value proposition and remain a key player in the increasingly competitive entrepreneurial ecosystem, the accelerator’s two key managers must not only be certain they have a holistic and thorough understanding of current operations but also analyze existing activities and consider new activities and their interlinkages and effects on the business model, challenges students will help them meet.
Corporate accelerators have become a relevant intermediary that connects startups and corporations. Their strategic goal is to establish close relationships between startups and corporations that add value for both parties in the long term. While in principle startups go through an acceleration phase successfully, they may struggle to build meaningful relationships with the accelerator’s corporate parent thereafter. In research, the post-acceleration phase and its challenges for corporations and startups has not been adequately addressed to date. Therefore, the goal of this article is to shed light on how corporations and startups collaborate after startups leave an accelerator programme, and which factors hinder successful relationship-building. Grounding on 21 corporate accelerator cases containing data from 99 semi-structured interviews with corporate accelerator managers and startup alumni of accelerator programmes, we present different forms of post-programme collaboration and outline obstacles of post-programme relationship-building. Our results emphasise a key role of business units in successful relationship-building and indicate legitimacy problems of accelerators within its corporate organisation. We alsoprovide guidance for corporations, accelerators, and startups on how to increase the success of post-programme collaboration by demonstrating manifold challenges of post-programme collaboration and showing ways how to overcome them.
Purpose
The purpose of this article is to develop an integrative framework of accelerator design to answer the question of what activities accelerators perform and how they function within a structured framework. Research on the functioning of accelerators as a mechanism for startup engagement produced multiple empirical results. However, the comparability of relevant research is strongly limited, currently hindering theoretical developments. Existing accelerator design models often differ and only partially overlap, which leaves extant literature with a fragmented and discordant conceptual understanding.
Design/methodology/approach
Based on a meta-synthesis method using qualitative analysis of 36 accelerator design articles, an integrative framework is developed. After identification of relevant literature, a renowned method for extracting, coding and synthesizing data on individual and cross-study level is applied to identify accelerator design constructs. Eventually, identified accelerator design constructs are integrated into a framework resting on the activity system lens of business model design.
Findings
The article reconciles fragmented knowledge on accelerator design and shows how accelerator design can be holistically conceptualized by 32 key activities clustered in eight design dimensions. The framework is complemented by an initial guideline for measurement. The findings further highlight formerly disregarded aspects of governance and community formation from a processual and structural perspective.
Originality/value
This article is the first to present a comprehensive picture of accelerator design integrating multiple empirical findings of prior research into a single coherent framework. This framework offers a shared foundation for future research exploring the delineations, functioning and impact of accelerators. From a practical perspective, the article provides managers of accelerators a guide to design, review and improve programs according to their value creation goals.
Corporate accelerators have developed as an important mechanism for corporate entrepreneurship and digital innovation across industries worldwide. Corporate accelerators are typically time-limited programs that provide mentoring and educational support to a selected group of start-ups acting as intermediary between corporate parents and participating start-ups. Building on more than five years of research in this field with over 200 expert interviews conducted in Germany and several studies published, we offer a comprehensive view on different types of corporate accelerators. We discuss their objectives, design, and how these programs create value providing relevant insights for both academics and practitioners.
Corporate accelerators have become integral actors in entrepreneurial ecosystems. They are heterogeneous and rapidly developing entities differing significantly in objectives and design. In this paper, we provide a comprehensive corporate accelerator taxonomy and present its evolution over time. We analyse the population of corporate accelerator programmes active in Germany in late 2019. Building on a unique dataset of 87 semi-structured interviews with managing directors of corporate accelerators, participating startups and corporate documents, we derive distinctive archetypes, differing in strategic objectives and defining characteristics. Based on this contemporary taxonomy, we discuss how corporate accelerators have evolved over recent years and delimit them to similar concepts such as incubators. Thereby, we contribute a holistic understanding of corporate accelerator commonalities and differences and provide the foundation for an evolutionary perspective to the field of corporate accelerator research. For entrepreneurial practice, we add novel insights on the experience-based learnings behind a considerable archetype evolution.