Incubator vs accelerator
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The document contrasts business incubators and accelerators, outlining their respective roles in supporting startups. Incubators focus on early-stage companies by providing services like management training, while accelerators target more mature businesses seeking rapid growth in national or global markets. Key differences include the level of investment, leadership styles, and the duration of support provided to the businesses.
Incubator vs accelerator
- 2. Introduction The terms "Incubator" and "accelerator" form a basic part of the vocabulary of the entrepreneur If you have an idea you want to turn into a business or if you have a business with great potential that you want to develop and accelerate, you may need to turn to external agents to help you with your purpose. This is where the Incubators and Accelerators come into play
- 3. Incubator An incubator can be a company or a person who helps new and startup companies to develop by providing services such as management training or office space etc. Business incubators differ from research and technology parks in their dedication to startup and early-stage companies. (Wikipedia)
- 4. Accelerator A Business Accelerator is very similar to an incubator but differs in that they usually have a greater focus on companies entering or growing in a national or global market. Business accelerators are more likely to be financed by venture capitalist looking for an opportunity to finance growth potential through defined action plans.
- 5. • Assignment of physical spaces for entrepreneurs to develop their business • Technical assistance and mentoring • Transversal services (accounting, computer science, agency...) • Networking • Exchange of information relevant to the business Objectives of Incubator and Accelerator
- 6. • Type of Organization • Business Stage • Requirement • Leadership • Support • Investment • Support Time Differences
- 7. Differences
- 8. Type of Organization Incubator The concept of incubator was born in the academic and governmental level Accelerator The accelerator is normally a private entity
- 9. Business Stage Incubator Incubators act in the early stages of the venture , maturing the idea, helping to validate the hypothesis business and helping build the company Accelerator The accelerator operate in more advanced stages, with already established companies that show growth potential and that help achieve the next level of objectives
- 10. Requirement Incubator Accelerator The accelerator ask for business model, because they focus on good ideas that makes sense Incubators ask for business plans because they need a more formal evaluation of the projects
- 11. Leadership Incubator Accelerator The accelerator are led by entrepreneurs or experienced investors Incubators are led by managers with experience in government mediation, universities and businesses
- 12. Support Incubator Accelerator The accelerator use private capital for their own funding Incubators use public funds notices for themselves and for the incubated companies
- 13. Investment Incubator Accelerator The accelerator provides financial support to attract investors The incubators start supporting business after 12-24 months of its establishment
- 14. Support Time Incubator Accelerator The acceleration period for a business is 3 to 8 months The incubators only assist in preparation to receive investment from other entities
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