Design of a best-practice start-up accelerator for the Granada Health Technology Park

Accelerators are ecosystem catalyzers introduced in 2005 by Y-Combinator. They are time-bounded programs to facilitate core resources for entrepreneurs (mentors, capital, training), with the goal of making the trial-and-error innovation process faster and more efficient. Accelerators are schools of entrepreneurship and, often, a certificate of quality. The province of Granada generates more than 3.46% of Spain's scientific production; however, it contributes with only 1.4% to the domestic GDP (year 2011). A well-designed startup accelerator can help close the gap between the innovation capacity and the economic impact on the region by fostering a vibrant ecosystem of innovation-driven entrepreneurs. Our research examines the idiosyncratic needs of the entrepreneurial ecosystem in Granada, because this understanding is crucial to address the local limitations. In parallel, we studied a diverse typology of accelerators (e.g., selected Health based accelerators in the US and Spanish accelerators) and created an exhaustive benchmark analysis across them. Finally, we proposed a "best-practice" accelerator for the PTS Granada, including choices such as the value proposition, the intake process, the program duration, the amount of seed capital, the role of mentors, and the nature of sponsors. We determined that an accelerator may be non sufficient for emergent entrepreneurial ecosystems. For those cases, we offer additional recommendations to improve the pre- and post-acceleration phases.

Department dc:contributor.department

Sloan School of Management.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2014

Author dc:creator

• Merchán Higuera, Francisca

Advisor dc:contributor.advisor

• Fiona Murray.

• Sloan School of Management.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/90222

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/90222