Abstract
Acceleration is a phenomenon that plays a pivotal role in the engagement of corporate firms with innovative startups. However, apart from its popularity, corporate acceleration still poses a puzzle, as there is a lack of clarity about the multitude of associated strategic stances, especially as the phenomenon continues to evolve and diversify. In addition, the functionalities to achieve these various strategical goals are also far from understood, as it is a multidimensional phenomenon that involves a large number of stakeholders and demands coordinated processes and resources. Hence, the purpose of this review paper is to present a multidimensional yet integrated framework organizing and synthesizing our current knowledge about the phenomenon, both from a strategy and execution perspective. This paper first explores the antecedents and evolving strategic role of corporate acceleration practices. Secondly, a model for the structured acceleration of startups is presented. Managerial implications and generalizable propositions for the effective execution and development of the acceleration principle in corporate firms are derived. Future research endeavors should assess these propositions. Thirdly, a research agenda is presented to guide further exploration of the topic and accelerate related research.