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Date of this Version

9-25-2019

Document Type

Book Chapters

Summary

  • Incubators and accelerators are powerful resources that offer critical support to startups at progressive stages in their development. Each program has different goals: general business training, preparation to raise funds, creating a network of mentors and potential customers, etc.

  • Startups can sometimes complete these programs without any associated costs, but they might need to dilute ownership.

  • Before committing to an incubator or accelerator program, there are a number of considerations academic entrepreneurs should evaluate:

    ○ Is the program the right fit for the company’s needs?

    ○ Is full commitment to the program’s requirements possible?
  • Corporate-sponsored and corporate-run accelerators may provide the following additional advantages:

    ○ Potential commercialization partner and/or investor;

    ○ Field-specific expertise and technical mentoring.

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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