The Role of Accelerators in the Evolution of Startups

Abstract

Objective: This theoretical essay analyzes the role of accelerators in the evolutionary stages of a startup and how the impact on the entrepreneur's strategy, through their acceleration programs, can be directed towards maximizing the generation of value for all participants. Method: The approach was developed through a literature review on Causation – Effectuation Theory, research on acceleration programs and innovation methodologies. Results: The results suggest that the accelerators play an important role in the development of the startup ecosystem and in stimulating entrepreneurship, with emphasis on the acceleration programs that: (1) select entrepreneurs oriented to decision making through the effectuation logic, (2) have supportive networks with governance based on trust and cooperation, and (3) maintains the entrepreneurial focus of the startup at the end of the acceleration program. Contributions: The study contributes to the discussion of the temporal and relationship dynamics between accelerators and entrepreneurs under the Causation - Effectuation Theory, in addition to proposing a framework to guide accelerator managers and entrepreneurs ahead of startups.