Accelerators and Incubators Explained

In the hype of media coverage on the latest startups launched, or the latest funding raised by a startup, one can easily lose distinction between accelerators and incubators. We do know that they’re somehow involved in preparing startups for growth and hoped-for success.  While they are different, there does exist an overlap between them.

Both help guide new businesses with tools like mentorship, office space, and networking opportunities through a program, which startups apply to in the hopes of gaining resources and support in order to get to the next stage – be it scaling their business model or increasing sales.

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