Top U.S. metros for Start-up Accelerators, Brookings Institution
Participants of the "Start Up Chile" program work at their headquarters in Santiago, August 10, 2015. Drawn in by equity-free financing and promises of hands-on mentorship, dozens of female entrepreneurs will head to Chile in the coming weeks to participate in what the government says is the world's first state-run start-up program aimed exclusively at women. It's not the first attempt by Chile to catalyze its start-up scene. Since 2010, the government has awarded over $40 million in seed capital to thousands of up-and-coming innovators, according to its own statistics. Picture taken August 10, 2015. REUTERS/Ivan Alvarado - RTX1OJWQ

Accelerators provide startups a Shark Tank like program where they have access to peers, mentors, as well as space an venture funding for a fixed-term (3 to 6 months). CityLab demography whiz Richard Florida takes a look at a new study by the Brookings Institution Metropolitan Policy Program which shows where these accelerators are popping up and the value of companies that completed accelerator programs.

According to their data, the most accelerators are popping up up in the San Fransisco Bay Area:

San Francisco tops the list with 34 accelerators, followed by New York and San Jose with 13, and Boston with nine. Chicago has seven, while L.A., Seattle, and Washington, D.C. have five each. All together, the Bay Area, New York, and Boston account for 40 percent of startup accelerators in the U.S. and two-thirds of accelerator-funded deals from 2005-2015.

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