In the past decade we’ve seen a vast global expansion of accelerator programmes. This expansion – which currently shows little sign of slowing – has been driven partly by investors seeking to emulate the obvious success of early entrants like YCombinator, and also partly by a public sector keen to expand their toolbox for boosting employment and economic regeneration. Increasing numbers are also being set up by universities which have belatedly realised the inadequacy of offerings from their business schools and technology transfer offices to busy entrepreneurs. However, the largest impetus by far has come from corporates, who have turned to startups as a means of gaining exposure to innovation in the face of their own lack of nimbleness. (In the words of one corporate innovation manager: “Working with startups allows us to play in the space of the disruptor without being disrupted ourselves”).
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