All liability on the part of Chatterjee Legal, P.C. The information in this post or anywhere else on this website may not constitute the most up-to-date legal or other information, and should not be relied upon for making any decision, acting, or refraining from acting. Rather, all of the information, content, and materials available on this and every other page of our website is made available by us for general informational purposes only. If a startup has a minimum viable product and is looking for help increasing success, an accelerator is the way to go.ĭisclaimer: Please note that the information provided in this blog post does not, and is not intended to, constitute legal advice. If a business is in its early days and it still figuring out basic elements of their processes, then an incubator is a stronger fit. The decision to apply to accelerators or incubators should consider several key things. There is sometimes a presentation to investors and the media. The program ends and the progress, growth, and milestones hit are highlighted. The goal of their several months with the accelerator is to skyrocket success of a proven business idea. They are often given a small seed investment and are then introduced to a large mentor network. Sometimes the process ends with a presentation to the incubator community and investors.Īccelerators, on the other hand, are designed to expedite the growth of existing companies who have a minimum viable product and demonstrated growth. The incubating period is flexible and can last for various lengths of time depending on a business’ needs. Businesses entering such programs are often in their earlier days, still fleshing out ideas, creating business plans, and networking. Incubators are appropriate for new startups that need help figuring out their value proposition. The key characteristics of each are discussed below. For startup founders, it is important to understand the distinction between startup incubators and a startup accelerators.
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