Ac­cel­er­at­ing In­no­va­tion

Arabnet - The Quarterly - - Business -

Ac­cord­ing to re­search and anal­y­sis done by Deloitte LLP, in the past three years, cor­po­ra­tions have launched more than 105 ac­cel­er­a­tors glob­ally, with 47 of those in 2015. Cor­po­rate ac­cel­er­a­tors are sim­i­lar to tra­di­tional ac­cel­er­a­tors in that they in­vest in early-stage star­tups, give them ac­cess to funds, of­fice space, and ex­per­tise and help them grow. Yet while tra­di­tional ac­cel­er­a­tors gen­er­ally have the goal of see­ing a re­turn on their eq­uity in­vest­ments, cor­po­rate ac­cel­er­a­tors tend to be more fo­cused on gain­ing ac­cess to new con­cepts and tech­nolo­gies for com­pet­i­tive ad­van­tage.

Cor­po­ra­tions launch­ing ac­cel­er­a­tor pro­grams usu­ally ei­ther run in-house pro­grams or out­source ad­min­is­tra­tion to part­ners like in the case of Nest. In the part­ner­ship model, the part­ner mar­kets the pro­gram, re­views and se­lects star­tups, pro­vides men­tors and man­ages the

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