In this study, "business accelerator model" denotes the model or system following which the business accelerator runs its accelerator program and deals or interacts with the participating entrepreneurs. Lately, World Bank in one of its research has termed BiD Network as a "virtual accelerator" (World Bank, 2011), which resourcefully supports emerging market business start-ups virtually through facilitating local connections between local entrepreneurs, coaches and financiers. Apart from that, BiD Network itself is determined to support the entrepreneurs in developing economies through various innovative means and schemes, both locally and remotely. In this regard to follow-up its own services to a broader developing community, BiD Network is interested to look into the key characteristics of a business accelerator model which identifies how the business accelerator runs and deals with the entrepreneurs. In this context, the first research objective is to find out these key characteristics/functions of a business accelerator model by studying both the developed and developing country accelerators.
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