Incubator vs accelerators
๐จ Accelerators
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In the realm of startup support, two prominent players are Incubators and Accelerators. This article delves into the distinctions between these two, helping you understand which suits your startup journey best.
Published/Updated on Jul 21, 2021
Incubator
Often seen at universities
Offers
Office
Mentoring/coaching
Limited to 6-24 months
Sometimes grants
Accelerator
Purpose: Accelerate companies
Offers
3-6 months program
Investment (SAFE/convertible note) for a 4-10% equity stake
Sometimes a physical space
Managing Partners/Entrepreneurs in Residence (weekly meetings)
Mentor network
Investor network
A clear Accelerator vs. Incubator differentiation from Female Founders network
Source: https://www.instagram.com/p/CiKr8lLsWGb/