What Are the Differences Between Incubators and Accelerators?
While both incubators and accelerators aim to support startups, they differ in several key ways:
1. Stage of Development: Incubators usually focus on early-stage startups, while accelerators work with more developed startups looking to scale rapidly. 2. Duration: Incubator programs tend to be longer, ranging from six months to several years, whereas accelerator programs are typically short, intense, and last a few months. 3. Funding: Accelerators often provide initial seed funding in exchange for equity, while incubators may or may not offer funding as part of their program. 4. Focus: Incubators provide a broader range of support services, while accelerators focus on rapid growth and scaling.