![]() The entire goal of an accelerator is rapid growth and a fast turnaround on their investment in a company.ĭid you know that only 51% of businesses survive past the fifth year? That’s a pretty surprising statistic and can be a jarring realization for many ambitious entrepreneurs.īusinesses fail for a number of reasons. Accelerators operate on a much shorter timeline. Time frame: Incubators offer fairly flexible timelines, typically ending only once a company has a product pitch ready for investors.For accelerators, however, seed funding is their bread and butter. Funding: Incubators come with a lot of perks, but they don't always invest directly into a business.They generally require a business to have a minimum viable product and a team of their own. Accelerators, on the other hand, look for companies that are more built out. Venture stage: Startup incubators generally cater to very early-stage businesses, often without a product or team.The primary differences between incubators and accelerators are: While they have a lot in common, incubators and accelerators have some key differences to be aware of before committing to a program. Capital Factory is an Austin-based co-working and event space dedicated to entrepreneurs, providing local founders access to mentoring and accelerator programs.Īre incubators and accelerators the same?.Station F is a Paris-based hub offering a number of perks, services, events and workshops.Plug and Play is a global platform that connects blue-chip companies with startups to promote innovation.MaRS is a Toronto-based hub that provides office space, advisory support, and even access to investors.Communitech Hyperdrive is a Canadian incubator focused on technology, with a network of 28 regional innovation hubs across the country. ![]()
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