What are start up accelerators???
If we look at the basic definition, a startup accelerator is essentially a program designed to help startups grow and scale by providing them with mentorship, funding, and other key resources . Now that the meaning is clear (hopefully!), it's important to understand that there is a difference between an accelerator and an incubator . Here's a quick overview: The Accelerators Designed for early-stage startups that already have a business model and need to scale quickly. Offer a short, fixed-term program (usually 3-6 months) with intensive mentorship, resources, and funding . End with a Demo Day , where startups pitch to investors. Typically take equity in the startup in exchange for investment and support . The Incubators Focus on nurturing startups or entrepreneurs who are still in the idea stage or need to develop their business model. Offer a longer-term, flexible program with access to office space, mentorship, and support until the startup is ready. Less focus on immed...