Proposal and evaluation of an accelerator model to support entrepreneurship in advanced technologies

Abstract

This doctoral thesis proposes and evaluates an accelerator model to support entrepreneurship in advanced technologies. It analyses the effectiveness of two acceleration programmes delivered by a technology accelerator in meeting the unique requirements of founders in a more connected world by proposing a 30-parameter framework for assessing the start-ups' maturity in relation to six key business areas (Technology, Product, Market, Human Resource management, PR & Communications, Financial, Team). The research draws on empirical longitudinal data from the programmes that were specifically designed to support entrepreneurs in advanced technology ecosystems, studying four cohorts of start-ups that participated in the two accelerator programmes.The first two cohorts participated in the Industrial Tech programme, delivered before the COVID-19 pandemic. The second two participated in the Space Tech programme, delivered under strict pandemic conditions. These conditions have also allowed the research to examine the impact of the pandemic on acceleration programmes and the shift towards online delivery. It explores the benefits and drawbacks of in-person and virtual acceleration programmes and provides insights into the value and efficiency of different delivery models.The research findings contribute to the design of effective acceleration programmes that add value to advanced technology entrepreneurs and the ecosystems in which they are embedded. The thesis emphasises the importance of an entrepreneurial mindset, diverse skill sets, and tailored support in the journey of starting and scaling a technology business.In conclusion, this thesis provides valuable insights into the needs of founders in a connected economy and the ways in which accelerators can analyse and support their growth. It proposes a hybrid model of programme delivery that combines in-person and online elements based on the specific requirements of the founders and the benefits of each approach. The research aims to inform the development of future accelerator programmes that can help technology start-ups grow and drive economic advancement. Recommendations for further research are provided to expand knowledge in this field, benefiting policymakers, accelerators, and researchers alike.