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Study Overview

Evaluating the impact of an entrepreneurship accelerator
Study is 3ie funded:
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Initial Registration Date:
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We will use quasi-experimental methods to measure the organizational and financial performance of an entrepreneurship accelerator delivered to high-potential entrepreneurs in South Asia and Sub-Saharan Africa.

Registration Citation:

Evaluating the impact of an entrepreneurship accelerator which delivers high-touch training and networking to high-potential entrepreneurs and their organizations to generate local growth in emerging markets.

Private Sector Development
Additional Keywords:
Quasi-experiment, Entrepreneurship, Marketing, Education
Secondary ID Number(s):
Stanford University IRB eProtocol#: 62813; India IRB Protocol 10050/IRB/22-23; Keyna IRB Protocol SU-ISERCI552/23

Principal Investigator(s)

Name of First PI:
Juan Espinosa-Balbuena
London Business School
Name of Second PI:
Sridhar Narayanan
Stanford University

Intervention Overview


An entrepreneurship accelerator that uniquely focuses on developing the business capacity of both the entrepreneur-owners and functional teams from across the organization over a 12-month intensive program. Consisting in year-long, online and in-person business and leadership program, practical workshops with facilitators and coaches that involve not only the owner, but also teams from across the organization, designed exclusively for company founders and their management teams. It brings together established entrepreneurs from the most promising businesses throughout Sub-Sahara Africa and South Asia. Taught by world-renowned faculty from Stanford Graduate School of Business, local experts, and Stanford-trained advisors, participants apply concepts and tools to help grow and scale their companies and positively impact their communities. In addition, participants learn from their peers and are involved in networking activities.

Theory of Change:

By immersing CEOs or founders in an intensive program designed to develop skills, tools, and mindset, we can enable them to reshape their organizations into thriving, socially responsible enterprises. The engagement of the workforce in this process will contribute to the organization’s transformation.

Multiple Treatment Arms Evaluated?

Intervention Timing

Intervention or Program Started at time of Registration?
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Evaluation Method

Evaluation Method Overview

Primary (or First) Evaluation Method:
Regression discontinuity
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Additional Evaluation Method (If Any):
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Method Details

Details of Evaluation Approach:

The participants were scored and those above the threshold were accepted. To explain causally the results, we will gather information from those participants that were not accepted into the program. For the evaluation methods, we will use the information that is relevant to make a comparison.

Outcomes (Endpoints):

Primary outcomes

Indexes that consider sales, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), and employees

Secondary outcomes

Indexes that consider changes or transformation at the owner level and organizational levels (such as mindset, aspiration, culture, and networks)

Unit of Analysis:

Business leaders who participate in the entrepreneurship accelerator geared towards enhancing their management competencies and expanding their professional networks will have better performance compared to their counterparts who have not undergone this program. These performance improvements will be a result of the active engagement of employees in driving organizational change.

Unit of Intervention or Assignment:
Number of Clusters in Sample:
The program will be administered in different countries.
Number of Individuals in Sample:
Size of Treatment, Control, or Comparison Subsamples:
Treatment 100; Comparison 50

Outcomes Data

Online surveys.
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Treatment Assignment Data

Participation or Assignment Information:
Data Obtained by the Study Researchers?
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Data Obtained by the Study Researchers?
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Data Analysis

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Study Materials

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Registration Category

Registration Category:
Prospective, Category 1: Data for measuring impacts have not been collected

Completion Overview

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Preliminary Report:
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Data Availability

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Other Materials

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Study Stopped