The Impact of mentoring on start-ups
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The purpose of this study is revealing the strengths and weaknesses of an entrepreneurial mentoring program and having information about the impact of this program. To do this, formal mentoring program which is provided to entrepreneurs that have been established their companies with public support in Turkey between 2012 and 2015 were investigated. First, literature review was done to reveal the expected outcomes and the evaluation methods of mentoring programs. Thus, mentoring functions and performance indicators have been determined. Afterwards, data were obtained from a total of 224 entrepreneurs through online survey and telephone interviews. 122 of this data gathered from mentored and the other 102 is gathered from non-mentored entrepreneurs. The performance of these two groups has been compared firstly. Then, the perception and the satisfaction levels on mentoring functions of the mentored entrepreneurs were analyzed. As a result; there was no difference found between the mentored and non-mentored groups according to the increased number of employee, investment and sales criteria. On the other hand, the numbers of patents in the mentored group are significantly higher than the other group. In addition, while it is found that the entrepreneurs are not satisfied on network, reflection and role model functions of their mentors, they are satisfied on information, advice and motivation functions. Recommendations have been made according to these findings for more effective implementation of the mentoring programs in this study.