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    A cluster is a regional concentration of related industries that arise out of the various types of linkages or externalities that span across industries in a particular location. The U.S. Benchmark Cluster Definitions are designed to enable systemic comparison across regions. View and compare clusters across the U.S.

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    A region is broadly defined as a county, economic area (EA), metro/micropolitan statistical area (MSA), or state. The U.S. Benchmark Cluster Definitions use the U.S. Bureau of Economic Analysis defined economic areas. View and compare regions across the U.S.

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  • I am an Economic Developer

    Are you trying to determine a strategy for your organization, region, or industry? Then follow our Economic Developer path.

    Follow Economic Developer Path
  • I am a Policymaker

    Are you hoping to effect change in the economic landscape through federal, state, or local government policy choices? Then follow our Policymaker path.

    Follow Policymaker Path
  • I am an Academic or Researcher

    Are you interested in learning more about clusters and conducting action-oriented research? Then follow our Academic or Researcher path.

    Follow Academic or Researcher Path
  • I am in the Private Sector

    Are you looking into the economic competitiveness of a region through the lens of the private sector? Then follow our Private Sector path.

    Follow Private Sector Path
  • Data by Cluster

    A cluster is a regional concentration of related industries that arise out of the various types of linkages or externalities that span across industries in a particular location. The U.S. Benchmark Cluster Definitions are designed to enable systemic comparison across regions. View and compare clusters across the U.S.

    View Data by Cluster
  • Frequently Asked Questions

    How do I compare different clusters on a national level?

    How do I find my region’s strongest cluster(s)?

    How do I identify which cluster my industry belongs in?

    How do I compare local vs traded clusters?

    Are there overlaps between the clusters?

  • Data by Region

    A region is broadly defined as a county, economic area (EA), metro/micropolitan statistical area (MSA), or state. The U.S. Benchmark Cluster Definitions use the U.S. Bureau of Economic Analysis defined economic areas. View and compare regions across the U.S.

    View Data by Region
  • Frequently Asked Questions

    How do I compare different regions?

    How do I build a region to meet my needs?

    How is my region doing, especially in comparison to its peer regions?

    How do I find subregions related to my region?

    How do I use the map view to visualize economic data across the country?

  • Organizations

    View Organizations
  • Blog

    View Blog
  • Resources

    View Resources
  • Community

    The Community of Practice enables practitioners to share Resources, post Blogs, and find partner Organizations. View and contribute content of interest to the cluster based economic development community.

    View Community Page
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  1. Resources
  2. Accelerators and the Regional Supply of Venture Capital Investment

Accelerators and the Regional Supply of Venture Capital Investment

by cmp.admin Mon, 12/08/2014 - 15:43

Recent years have seen the rapid emergence of a new type of program aimed at seeding startup companies. These programs, often referred to as accelerators, differ from previously known seed-stage institutions such as incubators and angel groups. While proliferation of such accelerators is evident, evidence on efficacy and role of these programs is scant. Nonetheless, local governments and founders of such programs often cite the motivation for their establishment and funding as the desire to transform their local economies through the establishment of a startup technology cluster in their region. In this paper, we attempt to assess the impact that such programs can have on the entrepreneurial ecosystem of the regions in which they are established, by exploring the effects of accelerators on the availability and provision of seed and early stage venture capital funding in the local region.

Regional Economy
Entrepreneurship and Innovation
Author: 
Daniel C. Fehder, Yael V. Hochberg
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The U.S. Cluster Mapping Project is led by Professor Michael E. Porter at the Institute for Strategy and Competitiveness, Harvard Business School.

This project is funded by the U.S. Department of Commerce, Economic Development Administration.