greater sensitivity to capitaltolabor ratios and other sectorspecific factors material to the development of successful firms will ensure that successful firms are recognized as such and that prospective participants are not discouraged from entering sme fund accelerator programs generate policy guidelines regarding repeated participants in sme fund and other innovationand learningfocused programs to ensure that firms can achieve selfsufficiency as quickly as possible while making programs available to the widest array of potentially suitable participants catching up forging ahead and falling behind the journal of economic history vol