In this session, Tom Strodtbeck discusses the definition of an accelerator and the challenges and opportunities in benchmarking accelerator KPIs, with references to various data sources an accelerator might access. 📈
Check this blog post about Benchmarking Metrics for High-Tech Incubators and Accelerators.
The Global Accelerator Network publishes a yearly data report about accelerators. Check out GAN 2021 Accelerator Data Infographic to get some insights about the current state of the accelerator community.
Check this research study about How to Benchmark Accelerators and Other Business Support Programs.
KPIs are often built around outcomes as they relate to different stakeholder groups. Identify KPIs for the four key groups: entrepreneurs, stakeholders, funders, and staff. 🤝
Fill these KPIs in the second tab, "Relationship KPIs" of the attached worksheet considering the following questions:
🎯What is your initial KPI? Fill in the "Objective/KPI" field
🎯Do you have any internal data to benchmark this KPI? Fill this data in the "Known Data" field
🎯If so, what is the benchmark? If not, look at other relevant data points. Fill this in the "Benchmark" field
🎯What is your KPI goal? Fill it in the "Goal" field
Looking for help? Check out the Bloom Community Page. We love helping everyone grow!