Subject This article discusses the issues related to business accelerators as networking institutions. Objectives The article aims to consider the world practices of functioning of business accelerators and the Russian practice considering a case of the business accelerator operating in the Perm Krai. The article also intends to highlight key characteristics of business accelerators and describe their difference from business incubators. Methods For the study, we used an institutional approach and the methods of analysis and synthesis. Results The article describes the key features of the concept of business accelerator, defines the principles of operation of business accelerators in the world practice, and presents the forecast of business accelerator development in the Perm Krai. Conclusions Nowadays, business accelerators are getting more and more widespread, as they help stimulate innovation development and strengthen a networking cooperation between enterprises, science, education, authorities, and other interested entities.
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