Publication: Nuturing Innovation : Venture Acceleration Networks, A Review of Existing Models
Date
2011-08
ISSN
Published
2011-08
Author(s)
World Bank
Abstract
This report evaluates the role,
operational models and identifies good practices of programs
that seek to accelerate innovative entrepreneurship by
managing, nurturing and leveraging social and business
networks. The report discusses the role of venture
acceleration networks, using networks to support
entrepreneurs, creating strong networks, selecting ventures,
financing the program, choosing an organizational structure,
adapting to the innovation ecosystem and the role for the
public sector in Russia. The second part of the report
describes individual programs. The conclusion suggests next
steps for operationalizing a venture acceleration network in
Russia. Venture acceleration network experiments highlight a
multitude of challenges. Some face challenges linked to the
environments where they operate. Where there is no local
pipeline of coachable ventures or of mentors with the right
mix of skills, experience and connections, programs do not
succeed. Programs also face an uphill challenge where there
is no local access to complementary forms of public and
private support.
Citation
“World Bank. 2011. Nuturing Innovation : Venture Acceleration Networks, A Review of Existing Models. © Washington, DC. http://openknowledge.worldbank.org/handle/10986/12519 License: CC BY 3.0 IGO.”