Nuturing Innovation : Venture Acceleration Networks, A Review of Existing Models

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.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2011-08
Subjects:	ACCESS TO INFORMATION, ANALYTICAL TOOLS, APPLIANCES, BASIC, BIOTECHNOLOGY, BUSINESS COMMUNITIES, BUSINESS COMMUNITY, BUSINESS DEVELOPMENT, BUSINESS IDEA, BUSINESS IDEAS, BUSINESS LEADERS, BUSINESS MODEL, BUSINESS MODELS, BUSINESS NETWORKS, BUSINESS OPPORTUNITIES, BUSINESS PARTNERS, BUSINESS PLAN, BUSINESS PLANNING, BUSINESS PROCESSES, BUSINESS SERVICE, BUSINESS SERVICE PROVIDERS, BUSINESS SERVICES, BUSINESS STRATEGIES, BUSINESS STRATEGY, BUSINESSES, CAPABILITIES, CAPITAL REQUIREMENTS, CHARTER, CLASSROOM LEARNING, COLLABORATION, COMMUNITIES, COMPANY, COMPETENCIES, COMPETITIVE STRATEGY, CONNECTORS, CONSULTING SERVICES, CONTRACTORS, CORPORATION, CRITICAL SUCCESS FACTOR, CURRENT KNOWLEDGE, CUSTOMER SATISFACTION, DISCOVERY, DISCUSSION, DISCUSSIONS, DOCUMENTS, DONATIONS, ECONOMIC DEVELOPMENT, ENABLING ENVIRONMENT, ENTREPRENEUR, ENTREPRENEURIAL SKILLS, ENTREPRENEURS, ENTREPRENEURSHIP, ENVIRONMENT FOR INNOVATION, EXPERIENTIAL LEARNING, EXPERIMENTATION, FINANCIAL SUPPORT, FIRMS, FIXED COSTS, GATEWAYS, GLOBAL BUSINESS, GLOBAL MARKET, GLOBAL MARKETS, GOVERNMENT CONTRACTS, HUMAN RELATIONSHIP, ICT, IDENTITY, IMPACT ASSESSMENTS, INCOME INEQUALITIES, INDEPENDENT PARTY, INFORMAL NETWORKS, INFORMAL RELATIONSHIP, INFORMATION TRANSFER, INNOVATION, INSTITUTION, INTELLECTUAL CAPITAL, INTERNAL BUSINESS, INTERNAL NETWORK, INTERNAL PROCESSES, IP, LAWYERS, LEARNING, LOCAL BUSINESS, MANAGEMENT POSITIONS, MANAGEMENT REVIEW, MANAGEMENT ROLES, MANUFACTURER, MARKET DEMAND, MARKET ENTRY, MARKET PLACE, MARKET POTENTIAL, MARKET RESEARCH, MARKET VISIBILITY, MARKETING, MEDIA, MEDIUM ENTERPRISES, MENTORING, MONITORS, MULTINATIONAL, MUTUAL RESPECT, NETWORK CREATION, NETWORK HUBS, NETWORKING, NETWORKS, NETWORKS OF PEOPLE, NEW MARKET, NEW MARKETS, NEW TECHNOLOGIES, NEW TECHNOLOGY, ORGANIZATIONAL STRUCTURE, PARTY, PRODUCT DEVELOPMENT, PRODUCTIVITY, PROFESSIONS, PROGRAMS, PUBLIC GOOD, QUALITY OF INNOVATION, R&D, RESULT, RESULTS, SEARCH, SERVICE PROVIDER, SERVICE PROVIDERS, SILICON, SMALL BUSINESS, SMALL BUSINESS MANAGEMENT, SMALL BUSINESSES, SMALL FIRMS, SME, SME CLIENTS, SOCIAL CAPITAL, SOCIAL NETWORKS, SOURCES OF KNOWLEDGE, SPONSORS, STANDARDIZATION, SUPPLY CHAINS, SUSTAINABLE INNOVATION, SYSTEM FAILURES, TACIT SKILLS, TECHNICAL EXPERTS, TECHNICAL OFFICER, TECHNOLOGY PUSH, TELEPHONE, TRAINING COURSES, TRAINING WORKSHOPS, TRAITS, TRANSACTION, USER, VALIDATION PROCESS, VALUE SYSTEMS, VARIETY, VIRTUAL BUSINESS, VIRTUAL COMMUNITY, WEB,
Online Access:	http://documents.worldbank.org/curated/en/2011/08/16279710/russian-federation-nuturing-innovation-review-existing-models-russian-federation-nuturing-innovation-review-existing-models https://hdl.handle.net/10986/12519
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