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Acceleration

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"This report examines the performance of early-stage ventures applying to accelerator programs using various growth metrics before, during, and after acceleration. Based on a unique sample of 2,599 ventures applying to 212 accelerator programs, we compare the trajectories of those that ultimately did and did not participate in these programs to learn more about changes in revenue and financing over time. We also compare outcomes across programs and synthesize insights from interviews with high-performing entrepreneurs and accelerator program managers to understand how acceleration can drive longer-term venture development."

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"For the past five years, GALI has been collecting data on accelerators around the world and the entrepreneurs who seek their support, with a particular focus on accelerators operating in developing economies. By analyzing these data and interviewing dozens of individuals about their experiences with acceleration, the project has been able to release over 30 publications on acceleration and early-stage entrepreneurship. This report serves as a synthesis of the most salient findings from this research, with actionable insights for accelerator program managers, entrepreneurs, funders, investors, and other stakeholders who support and engage accelerators around the world."

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May 20, 2021
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May 20, 2021
Aspen Institute

Two new reports based on over five years of data from the Global Accelerator Learning Initiative (GALI) provide insights on the performance of ventures participating in acceleration programs.

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"The Adaptation SME Accelerator Program (ASAP) aims to enhance the availability and uptake of climate adaptation solutions by identifying, engaging and empowering SMEs providing such solutions in developing countries."

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"Si bien la literatura existente ha encontrado que los programas de aceleración tienen un efecto positivo en el crecimiento de nuevas empresas, investigaciones recientes han mostrado que aún hay una demanda significativa de capital financiero, particularmente en economías en desarrollo. Existen pocos estudios enfocados a cómo las aceleradoras (especialmente las que no invierten directamente en sus empresas) conectan con proveedores de financiamiento y qué tan efectivos resultan estos esfuerzos. La Iniciativa Global de Aprendizaje en Aceleración (GALI, por sus siglas en inglés), una colaboración entre la Red Aspen de Emprendedores para el Desarrollo (ANDE por sus siglas en inglés) y la Universidad Emory, fue creada para explorar preguntas como ésta. Entre 2013 y 2020, GALI ha colaborado con docenas de programas de aceleración para recolectar información detallada de las y los emprendedores que solicitaron ingreso a sus respectivos programas. Posteriormente, estos(as) emprendedores(as) (incluyendo quienes no fueron seleccionados para un programa de aceleración) fueron encuestados cada año para obtener datos valiosos sobre el desarrollo de sus negocios a lo largo de tiempo. Este informe explora y presenta la información de GALI para emprendimientos centroamericanos"

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"While studies have found that acceleration does, in the aggregate, have a positive effect on new venture growth, further investigation has shown that there is significant unmet need for financial capital, particularly in developing economies. Little investigation has been done on how accelerators (particularly those that do not invest in their ventures directly) make connections with finance providers and whether these efforts are effective. The Global Accelerator Learning Initiative (GALI), a partnership between the Aspen Network of Development Entrepreneurs (ANDE) and Emory University, was created to explore questions such as these. Between 2013 – 2020, GALI partnered with dozens of accelerator programs to collect detailed data from entrepreneurs who applied to their respective application processes. These entrepreneurs, including those not selected into a program, were then resurveyed annually to gather valuable follow-up data about the status of their ventures over time. This knowledge brief explores GALI data from Central American startups, as well as qualitative insights from accelerators and finance providers."

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April 14, 2021
Aspen Institute

The Aspen Network of Development Entrepreneurs (ANDE) presents the second report on Central America from the Global Acceleration Learning Initiative (GALI). It explores startup data as well as qualitative findings on accelerators and investors.

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"Villgro is a business incubator with a unique rural orientation. It concerns itself not only with the launch of new businesses but more generally with the transfer of new products, knowledge and services into rural space. Faced with the challenge of finding technologies that match rural requirements, Villgro has linked marketable product/service concepts from diverse sources with entrepreneurs who have start-up experience—so-called serial entrepreneurs. Other incubators may have difficulty imitating Villgro’s business model. The conditions for its development are unique, its management approaches are relatively untested and the values of its management team are deeply intertwined with perceptions of how the rural business system operates in India. However, other startup incubators can learn from Villgro the importance of getting management basics right before attempting to transform an entire agricultural sector. Good governance, transparency, accountability, building teams around highly capable employees and continuously enhancing their management skills are important no matter the strategic orientation of the emerging incubator."

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"What do accelerators do? Broadly speaking, they help ventures define and build their initial products, identify promising customer segments, and secure resources, including capital and employees. More specifically, accelerator programs are programs of limited-duration—lasting about three months—that help cohorts of startups with the new venture process. They usually provide a small amount of seed capital, plus working space. They also offer a plethora of networking opportunities, with both peer ventures and mentors, who might be successful entrepreneurs, program graduates, venture capitalists, angel investors, or even corporate executives. Finally, most programs end with a grand event, a “demo day” where ventures pitch to a large audience of qualified investors."

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