Since 2015, GALI has been collecting data and conducting analysis of accelerator effectiveness. Read a summary of our initial insights.
Accelerators are time-limited programs, typically 3-6 months long, that work with cohorts or “classes” of ventures to provide mentorship and training, with a special emphasis on connecting early stage ventures with investment. Read more
Initial data indicates that they do. Accelerated ventures outpaced rejected ventures in terms of revenue earned, employees hired, and investment capital raised during their year of acceleration. Read more
Our research shows that the effects of acceleration are remarkably similar for entrepreneurs across several different countries. The average change in revenue, employees, and investment capital is consistent for emerging market and high-income country programs.
That said, emerging market ventures demonstrate more market traction in terms of revenue and number of employees, but attract less equity and debt compared to their high-income country peers. Accelerators help narrow the investment gap, but challenges in the entrepreneurial ecosystem prevent them from closing it fully. Read more
We plan to explore this question in the coming year. But we have examined differences in programs run by one organization, Village Capital. We found that some of the program elements that may factor into success are: a focus on applicant quality over quantity, the importance of actively engaged partners over those with the most brand recognition, and an emphasis on soft skills, such as presentation and communication skills and networking, over financial skills building and business plan development. Read more
We think the data can be applied to a broad range of research questions, and are excited to see others’ publications that reference GALI and the Entrepreneurship Database Program.