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Capacity Development

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"In Mexico, early-stage ventures are becoming a focus for governments and investors that want to spur economic development. Since 2013, venture capital activity has grown, while Mexico City has become a social enterprise and impact investing hub for Latin America. Accelerators play a role in developing a pipeline of investment-ready businesses, but little research has been done on the entrepreneurs attending these programs and how they perform with this specific support. With the support of Citibanamex Compromiso Social, GALI is working to increase our understanding of acceleration and early-stage ventures in Mexico. This report includes application and one-year follow-up information from 318 ventures operating in Mexico, contributed by 15 accelerator programs."

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"The Global Accelerator Learning Initiative collects information from entrepreneurs when they apply to accelerator programs. This report summarizes application data collected from ventures operating in Mexico that applied to participating accelerator programs between 2013 and early 2016."

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"This data summary provides a snapshot of more than 2,500 early-stage ventures that applied to over 50 acceleration programs in Sub-Saharan Africa, and includes regional insights for East and West Africa and country-specific information for Kenya, Uganda, and Nigeria."

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"To understand the intermediary role of accelerators in the developing regional entrepreneurial ecosystem of Bangalore, we analyze data from 54 interviews with accelerator graduates, accelerator managers, and other ecosystem stakeholders, and from 49 websites, 13 online video interviews, 26 online news sources and 301 pages of policy documents. Specifically, we adopt a socially-situated entrepreneurial cognition approach to theorize how accelerator expertise, existing at a meso-level, intermediates between (micro-level) founders and the (macro-level). ecosystem. In our model, four types of accelerator expertise-connection, development, coordination, and selection-together increase stakeholders' commitment to the entrepreneurial ecosystem, leading to venture validation (success or failure) and ecosystem additionality. These findings indicate that accelerators contribute to ecosystems in a way that is distinct from, but supportive of, building individual ventures."

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"Recent years have seen the rapid emergence of a new type of program aimed at seeding startup companies. These programs, often referred to as accelerators, differ from previously known seed-stage institutions such as incubators and angel groups. While proliferation of such accelerators is evident, evidence on efficacy and role of these programs is scant. Nonetheless, local governments and founders of such programs often cite the motivation for their establishment and funding as the desire to transform their local economies through the establishment of a startup technology cluster in their region. In this paper, we attempt to assess the impact that such programs can have on the entrepreneurial ecosystem of the regions in which they are established, by exploring the effects of accelerators on the availability and provision of seed and early stage venture capital funding in the local region."

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"With growing interest in the confluence between effective entrepreneurship and genuine economic development, more and more accelerator programs are working to find, select and support promising entrepreneurs, especially those working in emerging markets. As these efforts accumulate, it is critical that we learn from them, so that future programs are better able to support promising emerging-market entrepreneurs.

This report focuses on an entrepreneur-support program run by TechnoServe in four Central American countries. In 2012, TechnoServe established the "Impulsa Tu Empresa" program to provide small and growing businesses (SGBs) in El Salvador, Guatemala, Honduras and Nicaragua with the training, advice, market connections and access to capital they need to develop and implement promising business plans."

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"Business incubation is a growing area attracting substantial interest both from governments and the private sector. Unfortunately, it is difficult for "would-be-entrepreneurs" to operate an informed choice given the large variety in nomenclature, programmes, services offered, underpinning business models, and the frequent lack of availability of performance data, or a common set of metrics that could be used to compute (and provide) widely acceptable KPI useful to facilitate the choice. Additionally, the role of the Information Management System has been under investigated. The present paper presents the research being conducted for the design and implementation of a modular information management system expressly designed to adapt to the needs of business incubators irrespective of the business model and approach adopted. The design is informed of the most relevant different business models presently adopted, the set of services and programmes offered, and the guidelines proposed by the European Union and the CSI federation. Best practices adopted in the UK and Europe have also been considered along with Cabral-Dahab principles. Finally, we identified a set of metrics that can be easily collected and used to generate valuable KPI able to support both the business incubation management as well as the applicants."

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"Over the past 15 years, accelerators emerged as a popular and distinct new form of intermediary organization, playing a key role in supporting entrepreneurial and innovation activities. To date, despite significant growth in accelerators research, there is still little understanding of how different forms of accelerators operate, and what outcomes they produce across different contexts. This paper reviews the existing scholarly research on accelerators using the Context-Intervention-Mechanism-Outcome framework and is based on the analysis of 98 research papers on accelerators published in the last 15 years. The analysis identifies four mechanisms which explain how accelerators operate and the role they play in supporting entrepreneurship and innovation: the validation of ideas and products; the provision of product development and models learning; the provision of support to increase startups' market access and growth; and the provision of support for innovation. The paper identifies the methodological and theoretical gaps in current research and provides avenues to support future research and industry practice."

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"Accelerators are a type of incubation program that are concerned with attracting, supporting and developing new ventures. Although there is significant enthusiasm for accelerators and their potential benefits, there is limited research on how their core capabilities can vary. In response, we develop a typology of accelerator capabilities taking into account their strategy, governance, business model, operations and finance. To develop the typology we carried out a benchmark analysis of six clean energy commercialization accelerators (CECAs). From this we verified and illustrated the dimensions of our typology and identified four types of accelerator capabilities: R&D focused, technology enabled, market enabled, and network enabled. We then use a seventh accelerator case to illustrate how our typology can be used to describe, understand and prescribe appropriate capabilities for a CECA. We conclude our paper by explaining the research and practice implications of our research."

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"Recent years have seen the emergence of a new institutional form in the entrepreneurial ecosystem: the seed accelerator. These fixed-term, cohort-based “boot camps” for start-ups offer educational and mentorship programs for start-up founders, exposing them to a wide variety of mentors, including former entrepreneurs, venture capitalists (VCs), angel investors, and corporate executives, and culminate in a public pitch event, or “demo day,” during which the graduating cohort of start-up companies pitch their businesses to a large group of potential investors. In practice, accelerator programs are a combination of previously distinct services or functions that were each individually costly for an entrepreneur to find and obtain. The accelerator approach has been widely adopted by private groups, public and government efforts, and by corporations. While proliferation of accelerators is clearly evident, with worldwide estimates of 3000+ programs in existence, research on the role and efficacy of these programs has been limited. In this article, I provide an introduction to the accelerator model and summarize recent evidence on its effects on the regional entrepreneurial environment."

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