The Influence of Incubator and Accelerator Participation on Nanotechnology Venture Success

This study investigates how venture development programs such as private incubators, university incubators, and accelerators influence the success of participating nanotechnology startups. With the recent growth in such programs, empirical work is needed to compare their impact on participants acros...

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Bibliographic Details
Published in:Entrepreneurship theory and practice 2022-11, Vol.46 (6), p.1717-1755
Main Authors: Woolley, Jennifer L., MacGregor, Nydia
Format: Article
Language:English
Subjects:
Bankruptcy
Development programs
Government grants
Heterogeneity
Nanotechnology
Startups
Venture capital
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Summary:This study investigates how venture development programs such as private incubators, university incubators, and accelerators influence the success of participating nanotechnology startups. With the recent growth in such programs, empirical work is needed to compare their impact on participants across programs and with nonparticipants. Using data on firm bankruptcies, liquidation, government grants, and venture capital, we find benefits, but the influence of each venture development program varies greatly. We further investigate the influence of program services and resources to clarify program heterogeneity beyond existing typologies. The results clarify the role of these programs and ecosystem intermediaries.
ISSN:1042-2587
1540-6520
DOI:10.1177/10422587211024510