How do business accelerators accelerate? Do entrepreneurship policies actually add economic value?
Results show that participation in the entrepreneur school (bundled with the basic services of cash and co-working space) causes a 21 to 45% increase in the likelihood of raising capital, increases capital raised by three to six times, and increases company valuation fivefold. It also causes a 24% increase in market traction (Facebook “likes”) and almost a 200% increase in jobs created.
This white paper was adapted from its original format for EPIC Lab from the paper “The Effects of Business Accelerators on Venture Performance: Evidence from Start-Up Chile”, González-Uribe & Leatherbee, 2016, which provides the first quasi-experimental evidence of the effect of accelerator programs on start-up performance, and on the importance of “entrepreneurial capital” in new ventures.
About EPIC Lab
We are a research laboratory based in the School of Engineering of Pontificia Universidad Católica de Chile.
Our main goal is to identify the cause and effect of entrepreneurship and innovation programs, and generate evidence-based knowledge to foster socio-economic development.
More information, please visit: www.epiclab.uc.cl