Innovation-Driven Entrepreneurship

Botelho, Tristan L.; Fehder, Daniel; Hochberg, Yael V.

doi:10.2139/ssrn.3880223

Cited by 5 publications

(8 citation statements)

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“…Recent scholarship on accelerators has also improved the empirical methods used to measure the value of organizational sponsorship, as studies have measured the value of admission to an accelerator by comparing the average growth of its admitted startups to that of unadmitted startups or of startups admitted to accelerators with different design features. Scholars have measured a startup’s growth using the level of multiple key resources the startup acquired, especially external financing and employees, because startups grow differently and realize higher levels of various resources depending on their strategy (Botelho, Fehder, and Hochberg, 2021). Most important, because startups can vary substantially in their underlying quality and their attractiveness to providers of growth-related resources (Stuart, Hoang, and Hybels, 1999), most quantitative accelerator studies have tried to compare nearly admitted startups to recently admitted startups, to control for perceived quality at the time of application (Gonzalez-Uribe and Leatherbee, 2018; Hallen, Cohen, and Bingham, 2020).…”

Section: Accelerating Ecosystems By Accelerating Firmsmentioning

confidence: 99%

“…Accelerators admit innovation-driven startups that are at an early stage of development: the startups have not received substantial external investments or revenue from customers, and they must clarify their business plan before they can grow (Cohen et al, 2019; Botelho, Fehder, and Hochberg, 2021). 4 At this stage of development, a startup’s environment, especially the external resources to which it has potential access, impacts its chances of survival and growth (Dess and Beard, 1984; Shane and Venkataraman, 2000; Shane and Stuart, 2002), especially in industries with high technological uncertainty (Tushman and Anderson, 1986; Yli-Renko, Autio, and Sapienza, 2001).…”

Section: Accelerating Ecosystems By Accelerating Firmsmentioning

confidence: 99%

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Coming from a Good Pond: The Influence of a New Venture’s Founding Ecosystem on Accelerator Performance

Fehder

2023

Administrative Science Quarterly

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Startup accelerators, which aim to improve the set of choices representing a startup’s entry strategy, have become increasingly influential in both regional development and the strategies of individual startups. This article explores an accelerator’s impact on startup performance and whether that impact varies substantially by features of the startup’s founding environment. Leveraging data from a leading startup accelerator, I use a regression discontinuity framework to hold startup quality constant so that I can compare the performance of admitted startups to those that do not make the cut, and I examine whether any observed performance differentials are driven by accelerator admission and by characteristics of the startup’s earlier environment. I find evidence that startups from better pre-accelerator environments experience stronger gains from accelerator admission. I also find evidence of home bias, as local startups have a stronger treatment effect. These results provide evidence of ecosystem effects whereby the impact of one organizational sponsor in an ecosystem is strongly moderated by other features in the ecosystem. The findings help to explain the concentration of accelerator programs in already successful entrepreneurial ecosystems and reveal how such programs may interact with founding environments to complement resource abundance or magnify prior resource inequalities.

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Section: Accelerating Ecosystems By Accelerating Firmsmentioning

confidence: 99%

Section: Accelerating Ecosystems By Accelerating Firmsmentioning

confidence: 99%

Coming from a Good Pond: The Influence of a New Venture’s Founding Ecosystem on Accelerator Performance

Fehder

2023

Administrative Science Quarterly

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“…Ugyancsak kevés kutatás született eddig a különböző kormányzati finanszírozási fajták egyidejű alkalmazásának tapasztalatairól, azaz arról, hogy az állam által alkalmazott különböző technikák mennyire helyettesítik, vagy egészítik ki egymást. Az állami programok megfelelő színvonalú értékelését azonban rendkívüli módon megnehezíti, hogy nem könnyű az ilyen elemzéshez szükséges adatokhoz hozzáférni (Botelho et al, 2021). A legnagyobb nehézséget az empirikus kutatások számára a startupok reprezentatív mintáira vonatkozó adatok elérése, pontosabban a startupokra vonatkozó adatok megkülönböztetése jelenti a kis-és középvállalatok adataitól.…”

Section: öSszefoglalás Következtetésekunclassified

A startupok állami finanszírozásának nemzetközi gyakorlata

Karsai¹

2021

Külgazdaság

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Az államnak fontos szerepe van a startupok minden egyes fejlődési szakaszának finanszírozásában. A startupok finanszírozásának túlnyomó részét vissza nem térítendő állami támogatás és kedvezményes hitelnyújtás biztosítja, mely utóbbit állami garanciavállalás is segíti. A kockázati tőke szerepe sokkal kisebb. Az állam azonban ezt is előmozdíthatja, mégpedig elsősorban a privát befektetőkkel való társfinanszírozás és a privát kockázatitőke-alapok tőkéjének megemelése révén. A kockázatitőke-alapok feltőkésítésének előmozdításához fontos eszköz az alapok privát befektetői által igénybe vehető állami garancia. Az állam a startupok finanszírozásában legeredményesebben nem a cégeknek közvetlenül nyújtott pénzeszközökkel, hanem a finanszírozás katalizátoraként, a piac privát szereplőinek ösztönzésével tud részt venni. Ez az elemzés bemutatja, hogy az állami segítség nemzetközileg kialakult megoldásai közül melyek és milyen sikerrel terjedtek el.

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“…Studies of economics, organizational theory, and technology management (Crossan and Apaydin, 2010;Anderson, Potočnik et al, 2014;Botelho, Fehder et al, 2021) have long acknowledged the essential role of innovation as an engine of economic growth as well as of firms core competences and sustainable competitive advantage Porter, 1980). This holds especially true when it comes to Small and Medium-sized Enterprises (SMEs), i.e.…”

Section: Introductionmentioning

confidence: 99%

Sinergie-SIMA 2022 Management Conference Boosting knowledge & trust for a sustainable business

NOSI¹

2022

Sinergie Italian Journal of Management

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The resource-based view (RBV) has been one of the most cited streams of research in the management literature. This theory has been one of the few theories completely developed within the management disciplines. Since the initial pioneering research in the 80s and 90s, the study of knowledge-and trust-based resources has interested many theoretical and empirical works concerning many issues: company strategies, mergers and acquisitions, alliances and partnerships, organization and HR, innovation, marketing, consumer behavior, channel relationships, entrepreneurship, internationalization, and more. Today the post-pandemic world presents new challenges for managers, organizations, and researchers on which a deeper understanding of knowledge-and trust-based resources can help and shed a new light.Sustainability and a fast digital transformation are nowadays considered key goals for many companies, managers, public organizations, and governments under the umbrella of EU Next Generation Recovery Plan. The real challenge now is to enhance and leverage the intangible resources heritage -namely knowledge and trust -to get a more sustainable, inclusive and digital world and, as a consequence, for building a better society. In this perspective, also the long-term goals of the firm and its finalism have to be totally re-shaped.Sinergie Italian Journal of Management dedicated a special issue to this topic more than 20 years ago and many scholars have studied and deepened this multi-faced topic with original approaches in our community.

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Innovation-Driven Entrepreneurship

Cited by 5 publications

References 0 publications

Coming from a Good Pond: The Influence of a New Venture’s Founding Ecosystem on Accelerator Performance

Coming from a Good Pond: The Influence of a New Venture’s Founding Ecosystem on Accelerator Performance

A startupok állami finanszírozásának nemzetközi gyakorlata

Sinergie-SIMA 2022 Management Conference Boosting knowledge & trust for a sustainable business

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