What is the difference between accelerators and incubators?

What is the difference between accelerators and incubators?

Accelerators are programs that support startups through mentorship and funding for a short period, usually 3-6 months. Incubators, on the other hand, provide a longer-term support system, often focusing on nurturing early-stage ideas without a strict timeline.

Can you give me examples of each?

Sure! An example of an accelerator is Y Combinator, which invests in startups and helps them grow quickly. A well-known incubator is Techstars, which provides resources and support for startups over a longer period.

Which one should I choose for my startup?

It depends on your needs. If you want rapid growth and funding, an accelerator might be better. If you need more time to develop your idea, consider an incubator.

Are there any costs associated with these programs?

Yes, accelerators often take equity in exchange for funding, while incubators may charge fees or take equity as well, but the structure varies widely.