Accelerating Success: A Study of Seed Accelerators and Their Defining Characteristics
During recent years, a new phenomenon in the world of startups has risen, the accelerator program. A new way of incubating technology startups that has proven to be at least very popular among startup founders and investors. Typically characterized by web/mobile technology, programme/class based, short time periods (3-12 months) and the use of agile development methodologies.If Y Combinator is regarded as one of the first accelerators established in 2005, there are now over 200 accelerator programmes world-wide, and new ones emerge each month.
We are a group of students at Chalmers University of Technology who have conducted our bachelor thesis on this subject, where our aim was to find out what defines an accelerator. The thesis was done for Chalmers Innovation, a business incubator connected to Chalmers, who is interested in further exploring the accelerator concept to develop their ongoing and future activities related to early-stage software startups. This interest is what provided the motivation and focus of our thesis.