Entrepreneurship · Start Up · Innovation · Accelerated Growth
Business Acceleration and Accelerated Growth
The ‘acceleration’ of client businesses in an environment where ‘peer-to-peer learning’ is actively brokered and facilitated, is not new and has always been a key component of all true best practice business incubation models. Indeed one of the 4 ‘pillars’ of business incubation is “Accelerated Growth”.
Likewise, developing and presenting client businesses, over a finite period, as ‘investible’, is also an implicit part of true business incubation. The rate of acceleration and the type of potential investor varies from one business incubation environment and individual client to another.
Whilst standalone ‘business accelerators’ and ‘business accelerator programmes’ are a relatively new phenomenon in the UK and globally, business acceleration in one form or another is, ultimately, the goal of all true business incubation.
True business incubation should be a fully integrated and added value activity and the fact that many standalone ‘business accelerators’ and ‘business accelerator programmes’, by their very nature, are isolated from the wider needs of businesses with potential to grow, can be a weakness and leave ‘stimulated businesses’ exposed and without on-going support for their needs.
One of the key strengths of true business incubation is that it is flexible and is not constrained by too prescriptive definition and, as a consequence, well able to respond to local, national and international drivers over time.
For some, company ‘exits’ are a measure of success, but for many the focus needs to be on increasing profitability and the creation of better and sustainable jobs, going well beyond just business survival. Whilst true business incubation is built around a ‘philosophy’ of a finite period of support and adding value - each case is looked at separately. Any concept of quick and easy solutions - measured in weeks - will have a very limited market or wider impact.
See also Entrepreneurship, Start Ups and Innovation