Abstract
Do business accelerators affect new venture performance? If so, how? We investigate these questions in the context of Start-Up Chile, an ecosystem accelerator. We focus on two treatment conditions typically found in business accelerators: basic services (cash and co-working space) and additional entrepreneurship schooling. Using a regression discontinuity design, we show that schooling bundled with basic services can significantly increase new venture performance. Instead, we find no support for causal effects of basic services by their own. Our results are consistent with analogous interventions in subsistence microenterprises, and are most relevant for ecosystem accelerators attracting young and early stage businesses.
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