7 How business incubators and accelerators finance startups
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Tiago Ratinho
Abstract
Business incubators (BI) and business accelerators (BA) are hallmarks of entrepreneurship support. By providing a mix of infrastructure, business assistance, and access to professional networks, BIs and BAs increase startups’ chances of survival, growth, and longevity. The growing body of scholarly research of BI and accelerators has so far largely overlooked the financial aspects of their intervention in startups. This chapter explores how BIs and accelerators finance indirectly startups using two common theoretical frameworks: service provision and incubation mechanisms. I finalize with implications for policy makers, business incubation and acceleration managers, prospective startups, and investors.
Abstract
Business incubators (BI) and business accelerators (BA) are hallmarks of entrepreneurship support. By providing a mix of infrastructure, business assistance, and access to professional networks, BIs and BAs increase startups’ chances of survival, growth, and longevity. The growing body of scholarly research of BI and accelerators has so far largely overlooked the financial aspects of their intervention in startups. This chapter explores how BIs and accelerators finance indirectly startups using two common theoretical frameworks: service provision and incubation mechanisms. I finalize with implications for policy makers, business incubation and acceleration managers, prospective startups, and investors.
Kapitel in diesem Buch
- Frontmatter I
- Acknowledgments V
- Contents VII
- Editor and contributor biographies XI
- Introduction 1
-
Part I: The individual level
- Introduction 13
- 1 The role of founders’ tangible resources in founding new ventures 15
- The bootstrapping-bricolage interface 37
- 3 Effectuation and entrepreneurial finance 55
- 4 Portfolio entrepreneurs: The role of risk 75
-
Part II: The inner circle
- Introduction 89
- 5 Informal financing of entrepreneurs 91
- 6 Funding entrepreneurs within business groups: An emerging market view 107
- 7 How business incubators and accelerators finance startups 119
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Part III: The wider world
- Introduction 137
- 8 Formal debt as a source of entrepreneurial finance 139
- 9 Microfinance and entrepreneurial finance: A review and future research agenda 153
- 10 Venture capital as a source of entrepreneurial finance 171
- 11 Corporate venture capital: A literature review and research agenda 195
- 12 The role of business angels in the new financial landscape 223
- 13 Government financing of startups 245
- 14 Family offices as startup investors: A synergetic relationship of the old and new economy? 265
-
Part IV: Emerging perspectives
- Introduction 291
- 15 A scoping review of most influential entrepreneurial finance studies in developing countries 293
- 16 Conceptualizing gender in entrepreneurial finance: Past trends, current developments and future opportunities 317
- 17 Indigenous entrepreneurial finance: Mapping the landscape with Canadian evidence 335
- 18 Financing entrepreneurs in post-conflict and disaster zones 359
- 19 Ethics and entrepreneurial finance 375
- Conclusion 391
- List of figures 401
- List of tables 403
- Index 405
Kapitel in diesem Buch
- Frontmatter I
- Acknowledgments V
- Contents VII
- Editor and contributor biographies XI
- Introduction 1
-
Part I: The individual level
- Introduction 13
- 1 The role of founders’ tangible resources in founding new ventures 15
- The bootstrapping-bricolage interface 37
- 3 Effectuation and entrepreneurial finance 55
- 4 Portfolio entrepreneurs: The role of risk 75
-
Part II: The inner circle
- Introduction 89
- 5 Informal financing of entrepreneurs 91
- 6 Funding entrepreneurs within business groups: An emerging market view 107
- 7 How business incubators and accelerators finance startups 119
-
Part III: The wider world
- Introduction 137
- 8 Formal debt as a source of entrepreneurial finance 139
- 9 Microfinance and entrepreneurial finance: A review and future research agenda 153
- 10 Venture capital as a source of entrepreneurial finance 171
- 11 Corporate venture capital: A literature review and research agenda 195
- 12 The role of business angels in the new financial landscape 223
- 13 Government financing of startups 245
- 14 Family offices as startup investors: A synergetic relationship of the old and new economy? 265
-
Part IV: Emerging perspectives
- Introduction 291
- 15 A scoping review of most influential entrepreneurial finance studies in developing countries 293
- 16 Conceptualizing gender in entrepreneurial finance: Past trends, current developments and future opportunities 317
- 17 Indigenous entrepreneurial finance: Mapping the landscape with Canadian evidence 335
- 18 Financing entrepreneurs in post-conflict and disaster zones 359
- 19 Ethics and entrepreneurial finance 375
- Conclusion 391
- List of figures 401
- List of tables 403
- Index 405