economic impact

Global Accelerator Learning Initiative, Village Capital Highlight What Works in Startup Acceleration

Startup accelerators, which began emerging in 2005 with the launch of Y-Combinator, generally share three characteristics: they tend to be limited in duration; work with cohorts of early stage entrepreneurs; and, aim to facilitate connections with potential investors. In July 2015, the Aspen Network of Development Entrepreneurs (ANDE) and Emory University’s Social Enterprise @ Goizueta (SE@G) program announced the launch of the Global Accelerator Learning Initiative (GALI), a $2.3 million effort aimed toward assessing and analyzing the impacts of these accelerators. In collaboration with Village Capital, GALI released its first report last month, focusing on the effectiveness of accelerator programs, best practices in the space, and estimated impacts. Ultimately, the authors find support that the quality of partners and applicants has a positive impact on accelerator performance, while there is limited support that mentor quality or cohort networking played as strong a role.

Recent Research: New Study Examines the Returns from Cardiovascular and Stroke Research

Basic biomedical research has a greater academic impact and clinical research a greater societal impact over a 15 to 20 years timescale, according to the findings of Project Retrosight — a multinational, four-year study from RAND Europe and the Health Economics Research Group (HERG) at Brunel University. This study was based on data collected from 29 case studies on basic biomedical and clinical cardiovascular and stroke grant-funded, research projects in Australia, Canada and the United Kingdom. In a press release, Steven Wooding, researcher leader at RAND Europe, said: "The study showed that research is important, that it has real tangible benefits for society and that how you fund it matters. If you want to make a difference to patients over a 15-20 year time-scale, clinical research is more effective. If you want to build knowledge for the longer-term, then basic research is better."


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