Accelerator vs. Incubator: Which One is Right for You?
An entrepreneur has several different options to choose from when it comes to getting help with their scalable startup. Sometimes they need a mentor. Other times they need a developer, an accountant, a lawyer, or funding. In the end, entrepreneurs will almost always need some kind of help to either get their business off the ground or to grow and scale it. Two commonly used options are an accelerator and incubator. You may have heard these two terms thrown around before, but what are they, and what are the main differences between them? Accelerator The goal of this program is to “accelerate” the growth of these companies by preparing them to be attractive to early-stage investors in a short amount of time. An accelerator is a program that...