Table V. Comparison of accelerators from... | Emerald Publishing

Table V.

Comparison of accelerators from resources-based view

Resources	USA	Korea
Education (Human)	Mentoring Mentor group consists of successful start-up founders Matchmaking/“speed dating” match for companies Ongoing mentor evaluation by Accelerator management team	Mentoring Because there are not many successful entrepreneurs, the pool of mentors is very limited. Many mentors are from big conglomerates/investors rather than start-ups
	Curriculum Various topics such as finance, marketing and management Offers lectures, workshops, etc. Counseling services Accelerator management team provides weekly counseling in office hour format Monitoring business support and project progress through a dedicated evaluation time
	Demo Day/Investor Day Demo Day/Investor Day to contact with customers and investors Networking opportunities with potential customers and investors post the demo day	Demo Day/Investor Day Demo Day and Investor Day offered, but the close connection with potential customers and investors is still soft
Facility support	Location services Provide a shared office space to collaborate with other portfolio companies
Global connection	Regional/multinational concentration Accelerators in many countries share the local business practices of different countries and share in multinational implementation knowledge The worldwide offices facilitate mutual collaboration with potential international ventures or talented teams	Regional/multinational concentration: There are Accelerators with overseas presence in other countries, but there are limited cases of exit/follow-on investment through international mentors
Financial investment	Investor funding Investor pools consisting of individual investors, corporations and public organizations	Investor funding Due to the gap between Accelerator and VC, even top Accelerator graduates are not linked to “fast-track access” to investment
Financial investment	Alternative business model of Accelerators When a portfolio company attracts investment, the Accelerator acquires a certain commission and generates revenue. Accelerators hold various investment-related events and generate sales through ticket sales.	Alternative business model of Accelerators They are making efforts to hold various events, but not charging for ticket sales.
Network relations	Alumni network Accelerators maintain a close relationship with graduated companies and, if possible, invite them to the program to share their experiences with portfolio companies Used as a reference case in an Accelerator program or engaged in mentoring activities	Alumni network Since many meaningful exits do occur, it is operated in the form of providing network and advice rather than acting as a tight professional mentor
Network relations	Support after the program Provide ongoing support services after graduation There is incentive to provide continuous support because equity investment is made in the graduate company Successful graduates will continue to work as mentors or investors in the future	Support after the program Depending on the culture of each Accelerator, there is a difference in how to support after graduation A graduate is not usually willing to act as a mentor or investor before any meaningful exit (founders with exit experience are very rare to begin with)

Resources	USA	Korea
Education(Human)	MentoringMentor group consists of successful start-up foundersMatchmaking/“speed dating” match for companiesOngoing mentor evaluation by Accelerator management team	MentoringBecause there are not many successful entrepreneurs, the pool of mentors is very limited.Many mentors are from big conglomerates/investors rather than start-ups
	CurriculumVarious topics such as finance, marketing and managementOffers lectures, workshops, etc.Counseling servicesAccelerator management team provides weekly counseling in office hour formatMonitoring business support and project progress through a dedicated evaluation time
	Demo Day/Investor DayDemo Day/Investor Day to contact with customers and investorsNetworking opportunities with potential customers and investors post the demo day	Demo Day/Investor DayDemo Day and Investor Day offered, but the close connection with potential customers and investors is still soft
Facility support	Location servicesProvide a shared office space to collaborate with other portfolio companies
Global connection	Regional/multinational concentrationAccelerators in many countries share the local business practices of different countries and share in multinational implementation knowledgeThe worldwide offices facilitate mutual collaboration with potential international ventures or talented teams	Regional/multinational concentration:There are Accelerators with overseas presence in other countries, but there are limited cases of exit/follow-on investment through international mentors
Financial investment	Investor fundingInvestor pools consisting of individual investors, corporations and public organizations	Investor fundingDue to the gap between Accelerator and VC, even top Accelerator graduates are not linked to “fast-track access” to investment
Financial investment	Alternative business model of AcceleratorsWhen a portfolio company attracts investment, the Accelerator acquires a certain commission and generates revenue.Accelerators hold various investment-related events and generate sales through ticket sales.	Alternative business model of AcceleratorsThey are making efforts to hold various events, but not charging for ticket sales.
Network relations	Alumni networkAccelerators maintain a close relationship with graduated companies and, if possible, invite them to the program to share their experiences with portfolio companiesUsed as a reference case in an Accelerator program or engaged in mentoring activities	Alumni networkSince many meaningful exits do occur, it is operated in the form of providing network and advice rather than acting as a tight professional mentor
Network relations	Support after the programProvide ongoing support services after graduationThere is incentive to provide continuous support because equity investment is made in the graduate companySuccessful graduates will continue to work as mentors or investors in the future	Support after the programDepending on the culture of each Accelerator, there is a difference in how to support after graduationA graduate is not usually willing to act as a mentor or investor before any meaningful exit (founders with exit experience are very rare to begin with)