The Role of FinTech Accelerators & Incubators in Nurturing Entrepreneurial Innovation: A Multiple Case Study of European Hubs

Farah Arzu; Rashid Ali; Muhammad Tayyab Muneeb

doi:10.63056/

Authors

Farah Arzu PhD Scholar, Management Sciences Department, UniRazak Malaysia Author
Rashid Ali Assistant Professor, Department of Business Administration, Emaan Institute of Management and Sciences, Karachi, Pakistan Author
Muhammad Tayyab Muneeb PhD Scholar, Department of Industrial Engineering, UET Taxila, Pakistan Author

DOI:

https://doi.org/10.63056/

Keywords:

FinTech, Accelerators, Incubators, Entrepreneurial Innovation, Regulatory Challenges

Abstract

This qualitative study explores the role of FinTech accelerators and incubators in fostering entrepreneurial innovation across seven major European cities: London, Berlin, Stockholm, Paris, Amsterdam, Zurich, and Barcelona. Through in-depth interviews with 16 entrepreneurs, mentors, and program managers, the research identifies the key support mechanisms, challenges, and outcomes associated with accelerator and incubator participation. The study reveals that financial support, mentorship, and networking are critical enablers for the growth of FinTech startups. However, regulatory complexities, talent acquisition, and market competition present persistent challenges. The findings highlight the significant impact of accelerators and incubators on startup scalability and market readiness. The research further emphasizes the need for harmonized regulatory frameworks and better talent development initiatives to support the growth of FinTech ecosystems in Europe. This study provides valuable insights for policymakers, accelerators, and entrepreneurs in enhancing the FinTech innovation ecosystem.