Limited period of time and on-site activityĪccelerators develop programs that spread over a few weeks or months.
If you want to understand more about what an MVP should be, we have found 5 minimum viable examples that can help you have a clearer grasp of what is required.įurthermore, considering what accelerators do, there are some distinct factors that define startup accelerators. Accelerators work with young companies that already have a business plan, a scalability model, and a minimum viable product or, as it is usually called, an MVP. Startup accelerators usually organize periodic calls for companies to join the program and run a selection process. Think of it as an MBA program (minus the investment) where professionals expand their knowledge and share experiences in a development-focused environment, where everybody speaks “startupian”. Top accelerators worldwideĪs the name states, it is a program (implemented by a player institution in the startup ecosystem) that aims to accelerate the life cycle of startups through intense education and mentorship, finalized with receiving investment capital. Incubator vs accelerator - Which one do you need? 5. This comparison aims to offer you a guide into deciding which program to choose for your startup.īefore talking about what to consider when joining an incubator program or an accelerator program, let us discover each. Incubators and accelerators are important elements of the startup ecosystem, but there is always the question of incubator vs accelerator, which one should you aim for? Luckily, there are entities specialized in supporting startups to grow their chances of success. That is to say, there is a lot on the plate of startup founders and CEOs. It involves not only technological novelty but also a great deal of financial strategy to ensure survival and growth, marketing tactics, understanding of the market, and consumer psychology, not to mention employer motivation and retention. The startup world is a fascinating universe, with a dynamic of its own, with its own ecosystem.
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