Accelerating Growth: Unleashing the Power of Accelerator Programs as Strategic Investments for Startups in Pakistan

Tanweer, Syeda Zainab and Shah, Muhammad Saud and Nabi, Agha Ammad and Mukhi, Aftab Ali and Ahad, Muhammad (2023): Accelerating Growth: Unleashing the Power of Accelerator Programs as Strategic Investments for Startups in Pakistan.

Abstract

This research aims to assess the impact of accelerator programs on the innovation performance of participating firms, particularly emphasizing the roles played by peers, mentors, and investors. The study delves into how connections with others may inspire creative actions and propel new businesses forward. The data was collected using a standardized survey questionnaire, and the results were organized using statistical analysis. The results show that accelerator programs substantially affect company success, with mentors and investors showing a real correlation but peers showing no relevant association. These findings demonstrate the robust correlation between accelerator programs and successful outcomes for businesses in Pakistan. However, the results show that peers are not the only factor in determining the success or failure of a firm. Although startups play a critical role in bringing new technologies to market and stimulating economic development, their success is often predicated on drawing on the expertise of others outside the company.

• Item Type: MPRA Paper
• English Title: Strategic Investments for Startups in Pakistan
• Language: English
• Keywords: Incubator Initiatives, Development Outcomes, Peers, Mentors, Investors; Pakistan.
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M13 - New Firms ; Startups; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M16 - International Business Administration

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