Global Startup Accelerator Market 2023-2030

Global Startup Accelerator Market 2023-2030

Global Startup Accelerator Market Size, Share & Trends Analysis Report by Type (Non-Corporate Accelerators and Corporate run Accelerators), by Component (Hardware, Software, and Services), by Stage (Early-Stage, Seed-Stage, and Growth Stage), and by End-Users (FinTech, AI/ML and Analytics, EdTech, Healthcare, Cybersecurity, E-Commerce, and Others), Forecast Period (2023-2030)

The global startup accelerator market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. The market growth is attributed to factors such as the growing number of startups, increasing digital inclusion, government policies, increasing availability of funds, increasing support for innovations, and increasing use of data analytics. This leads to increasing demand for accelerating programs and innovation. With growing support from governments globally for startups through policies and funds, the demand for accelerators is also increasing. For instance, the Government of India launched an objective named Atal Innovation Mission (AIM). AIM is an Indian government’s flagship initiative introduced to create and promote a culture of innovation and entrepreneurship across the country, Through the introduction of policies such as Make in India, and AIM, the number of incubators and startup accelerators has been increased to 7 times from 2015 to 2022. Resultantly, India has become the 3rd largest ecosystem for startups globally.

Segmental Outlook

The global startup accelerator tools market is segmented based on the type, stage, component, and end-users. Based on the type, the market is sub-segmented non-corporate accelerators and corporate-run accelerators. Based on stage, the market is sub-segmented into early-stage, seed-stage, and growth-stage.

Based on the component, the market is sub-segmented into hardware, software, and services sectors. Based on end-users, the market is sub-segmented into FinTech, AI/ML and analytics, EdTech, healthcare, cybersecurity, e-commerce, and others. Among the end-users, FinTech is anticipated to hold a considerable share of the market, owing to greater transparency, improved user experience, and increasing internet accessibility.

Healthcare Sub-Segment is Anticipated to Hold a Prominent Share in the Global startup accelerator Tools Market

Among the types, the healthcare sub-segment is anticipated to hold a prominent share of the market, owing to the improvement in regulation, innovation, increasing affordability, and consumer awareness, which in turn is propelling investments. For instance, in June 2023, MedTech Innovator, the world’s largest accelerator in healthcare and life sciences chose 61 companies for its accelerator program in different segments some of which are medical devices, diagnostics, and digital health companies. Under this program, these companies will get access to leading MedTech manufacturers, suppliers, investors, and other industry stakeholders. The company has a track record of over 200 FDA approvals and clearances, securing $6.8 billion in follow-on funding.

Regional Outlook

The global startup accelerator market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the North American regional market is expected to grow considerably over the forecast period, owing to the increasing focus on the startup ecosystem and government policies. Startup accelerators will play a pivotal role in modernizing processes and helping in the growth of startups.

Asia-Pacific is Expected to Hold a Prominent Share in the Global Startup Accelerators Market

Among all regions, Asia-Pacific is expected to hold a prominent share of the global startup accelerator market. The regional market growth is attributed to factors such as changing consumer preferences, growing population, and per capita income, and growing funding activities, especially in the AI/ML industry. In addition, the governments in this region have introduced initiatives to encourage foreign investments, offering incentives for businesses to invest in technology and innovation. For instance, in September 2021, the government of India announced a Production Linked Incentive (PLI) scheme of $1.5 million and a ban on the import of drones to promote the domestic drone manufacturing industry. After this decision, India witnessed a 34.4% surge in the number of drone or Unmanned Aerial Vehicle (UAV) startups between August 2021 and February 2022.

Market Players Outlook

The major companies serving the global startup accelerator tools market include Y Combinator Management, LLC., Techstars Central LLC, 500 Startups Management Company, L.L.C., Google LLC, Alchemist Accelerator LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including collaborations, funding, mentorships, and new product launches to stay competitive in the market. For instance, in August 2023, Egypt-based Flat6Labs launched a construction technology-based accelerator program in the Middle East. The company will provide funding up to $100,000 as well as access to pilot projects, industry experts, mentorship, business training, on one consultations, coaching sessions, and essential resources to the startups to scale their businesses. The initiative will help to create sustainable innovation ecosystems in construction-related industries in the Middle East.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global startup accelerator market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.