Supporting Entrepreneurs at the Local Level : The Effect of Accelerators and Mentors on Early-Stage Firms
We investigate the association between entrepreneurship support programs and the likelihood of receiving funding for early-stage firms. We use a novel database of 2,887 early-stage technology companies from nine local ecosystems in eight countries...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/929481536299307313/Supporting-Entrepreneurs-at-the-Local-Level-the-Effect-of-Accelerators-and-Mentors-on-Early-Stage-Firms http://hdl.handle.net/10986/30384 |
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okr-10986-303842021-05-25T10:54:41Z Supporting Entrepreneurs at the Local Level : The Effect of Accelerators and Mentors on Early-Stage Firms Qian, Kathy Mulas, Victor Lerner, Matt ENTREPRENEURSHIP TRAINING BUSINESS TRAINING MENTORSHIP BUSINESS ENVIRONMENT ACCESS TO FINANCE EDUCATIONAL ATTAINMENT BUSINESS SUPPORT We investigate the association between entrepreneurship support programs and the likelihood of receiving funding for early-stage firms. We use a novel database of 2,887 early-stage technology companies from nine local ecosystems in eight countries that includes data about the founders’ demographic characteristics, educational background, work experience, and entrepreneurial history; we also use data about the start-ups’ history and evolution that follow their progress through support programs and early-stage funding. We isolate two support interventions—acceleration and mentorship—that the literature has found to have a larger effect on a firm’s performance, and we test if such effect is supported from an ecosystem perspective. After accounting for variations in founder characteristics and business environment, we find a positive association between acceleration and mentorship by experienced founders and the likelihood of receiving funding, whereas other support programs, such as incubation, are negatively correlated with funding. We also find that some founders’ characteristics, such as increased education and experience, have a positive correlation with funding. 2018-09-07T17:27:32Z 2018-09-07T17:27:32Z 2018-09-06 Brief http://documents.worldbank.org/curated/en/929481536299307313/Supporting-Entrepreneurs-at-the-Local-Level-the-Effect-of-Accelerators-and-Mentors-on-Early-Stage-Firms http://hdl.handle.net/10986/30384 English Finance, Competitiveness and Innovation in Focus; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ENTREPRENEURSHIP TRAINING BUSINESS TRAINING MENTORSHIP BUSINESS ENVIRONMENT ACCESS TO FINANCE EDUCATIONAL ATTAINMENT BUSINESS SUPPORT |
| spellingShingle |
ENTREPRENEURSHIP TRAINING BUSINESS TRAINING MENTORSHIP BUSINESS ENVIRONMENT ACCESS TO FINANCE EDUCATIONAL ATTAINMENT BUSINESS SUPPORT Qian, Kathy Mulas, Victor Lerner, Matt Supporting Entrepreneurs at the Local Level : The Effect of Accelerators and Mentors on Early-Stage Firms |
| relation |
Finance, Competitiveness and Innovation in Focus; |
| description |
We investigate the association between
entrepreneurship support programs and the likelihood of
receiving funding for early-stage firms. We use a novel
database of 2,887 early-stage technology companies from nine
local ecosystems in eight countries that includes data about
the founders’ demographic characteristics, educational
background, work experience, and entrepreneurial history; we
also use data about the start-ups’ history and evolution
that follow their progress through support programs and
early-stage funding. We isolate two support
interventions—acceleration and mentorship—that the
literature has found to have a larger effect on a firm’s
performance, and we test if such effect is supported from an
ecosystem perspective. After accounting for variations in
founder characteristics and business environment, we find a
positive association between acceleration and mentorship by
experienced founders and the likelihood of receiving
funding, whereas other support programs, such as incubation,
are negatively correlated with funding. We also find that
some founders’ characteristics, such as increased education
and experience, have a positive correlation with funding. |
| format |
Brief |
| author |
Qian, Kathy Mulas, Victor Lerner, Matt |
| author_facet |
Qian, Kathy Mulas, Victor Lerner, Matt |
| author_sort |
Qian, Kathy |
| title |
Supporting Entrepreneurs at the Local Level : The Effect of Accelerators and Mentors on Early-Stage Firms |
| title_short |
Supporting Entrepreneurs at the Local Level : The Effect of Accelerators and Mentors on Early-Stage Firms |
| title_full |
Supporting Entrepreneurs at the Local Level : The Effect of Accelerators and Mentors on Early-Stage Firms |
| title_fullStr |
Supporting Entrepreneurs at the Local Level : The Effect of Accelerators and Mentors on Early-Stage Firms |
| title_full_unstemmed |
Supporting Entrepreneurs at the Local Level : The Effect of Accelerators and Mentors on Early-Stage Firms |
| title_sort |
supporting entrepreneurs at the local level : the effect of accelerators and mentors on early-stage firms |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/929481536299307313/Supporting-Entrepreneurs-at-the-Local-Level-the-Effect-of-Accelerators-and-Mentors-on-Early-Stage-Firms http://hdl.handle.net/10986/30384 |
| _version_ |
1764471847280181248 |