These accelerators and incubators are pumping out prime acquisition targets
October 18, 2016
Innovative ideas—established companies want them and startups have them. According to a 2016 Deloitte report, 62% of the 357 professionals surveyed think corporate development has become a more important source of innovation for their companies over the last two years.
To get in early with companies that can take their business to the next level, many strategic investors work closely with accelerators and incubators, which help startups develop their products and ideas.
We determined the most active accelerators and incubators for manufacturing, healthcare, financial services and B2B companies using data from the PitchBook Platform. For each industry, we ranked accelerators and incubators by how many companies in that industry they invested in from 2012–2016. We also looked at the percentage of those companies that raised follow-on rounds.
When you dive into the rankings, you’ll find Y Combinator, a major accelerator in Silicon Valley, was in the top two for each industry. MassChallenge, an accelerator out of Boston, dominated the manufacturing and healthcare rankings, with 71% of their manufacturing portfolio companies raising follow-on rounds. Barclays Accelerator, a branch of the banking giant, invested in seven financial services companies (no surprise there), 86% of which raised a follow-on round.
Those are just a few examples of the insights you can draw from our data. With the PitchBook Platform, corporate development teams can zero-in on networking opportunities, find promising acquisition targets, follow what’s happening in their space and more.
Check out the top 10 accelerators and incubators for each industry—plus their most recent deals, strategic follow-on investors and primary contacts.