EDA University Center for
Regional Economic Innovation
A Study of the Economic Impact of Startup Accelerator Programs in Michigan (2018)
Co-Learning Plan - 2018
Author: Tony Willis, Lansing Economic Area Partnership
The most common way to define a Startup Accelerator is a fixed-term, cohort based program that includes outlined objectives for the participants, industry expertise (mentorship), educational components, an exchange of funding for equity, and culminating in a "Demo Day." With the successful increase in accelerator programs, many communities, universities, and other entrepreneurial support organizations across the nation have decided to either create or replicate accelerator models in their own communities with hopes of having similar success. Despite the upsurge in visibility and glamorization of the startup lifestyle coupled with the successes of notable startups who were alumni of named accelerators, there is no study which illustrates the actual economic impact a startup accelerator has on its local region. This Co-Learning Plan will examine this popular economic development tool and its impact on Michigan communities and regions.