What is the Difference Between an Incubator and an Accelerator?
While both incubators and accelerators aim to support startups, they have distinct differences:
1. Duration: Incubators typically support startups for a longer period (1-2 years), whereas accelerators offer short-term, intensive programs (3-6 months). 2. Stage of Startup: Incubators often cater to early-stage startups, while accelerators are designed for companies with a more developed product and some market traction. 3. Funding: Accelerators usually provide funding in exchange for equity, whereas incubators may offer funding but are more focused on providing resources and services.