This is a guest post from Deepak Madnani, founder of Sheung Wan-based co-working space and startup academy Paperclip.
Startup Accelerators are attaining almost mythical status as the ‘promised land’ for startups.
Unsurprisingly, the US is leading the way for having the most famous and productive accelerators, especially when measured by number of companies being processed. For reasons that I’ll get into, the design of the US accelerator model makes sense in the environment of the US startup ecosystem but I challenge whether that model should be copied globally.