Study highlights the transformative impact of accelerator programs on startups around the world

A study by Valentina A. Asenova and Rafael Amit of the Wharton School at the University of Pennsylvania found that participation in startup accelerator programs significantly improves a venture’s post-acceleration performance.

The study, published in Strategic Management Journal, examines data from more than 8,500 startups in 176 countries and provides important insights into how accelerator program design shapes startup success.

Startup accelerators provide resources such as seed capital, mentorship, and structured education programs, making them critical to fostering entrepreneurial ecosystems around the world. The study found that startups that participate in accelerators are more likely to raise venture capital, grow revenue, and expand their workforce compared to companies that do not complete these programs. It turns out. On average, participation in accelerators increased a startup’s revenue and ability to raise capital, while also strengthening its ability to attract top talent through higher wages.

“Our findings highlight the importance of program design in maximizing the benefits of accelerator participation,” said Assenova, lead author of the study. “By tailoring our services to the unique needs of startups, including industry, stage of development, and founder experience, accelerators can help these ventures reach their full potential.”

This study provides actionable insights for entrepreneurs looking to leverage accelerators to refine their business models and scale effectively. Policymakers and investors can use these findings to support programs that provide high-impact, customized resources to startups, especially in emerging markets where entrepreneurial ecosystems are still developing. You can also.

This study analyzed data from the Global Accelerator Learning Initiative, which covered 23,364 accelerator applicants over a six-year period (2013-2019). This study employed a rigorous methodology that included a comparative evaluation of accelerated and non-accelerated startups to isolate the factors contributing to post-program success.