Accelerating Growth: Unleashing the Power of Accelerator Programs as Strategic Investments for Startups in Pakistan

This research aims to assess the impact of accelerator programs on the innovation performance of participating firms, particularly emphasizing the roles played by peers, mentors, and investors. The study delves into how connections with others may inspire creative actions and propel new businesses forward. The data was collected using a standardized survey questionnaire, and the results were organized using statistical analysis. The results show that accelerator programs substantially affect company success, with mentors and investors showing a real correlation but peers showing no relevant association. These findings demonstrate the robust correlation between accelerator programs and successful outcomes for businesses in Pakistan. However, the results show that peers are not the only factor in determining the success or failure of a firm. Although startups play a critical role in bringing new technologies to market and stimulating economic development, their success is often predicated on drawing on the expertise of others outside the company.