What Is The Difference Between Accelerator And Incubator?

What Is The Difference Between Accelerator And Incubator?

1 Answer

  1. Incubator and accelerator are both very different in their nature and context. The definition itself sets them apart into different roles that they play for startups.
    Basically going by the name its clear that accelerators “accelerate” growth of an existing company, while incubators “incubate” disruptive ideas with the hope of building out a business model and company. So, accelerators focus on scaling a business while incubators are often more focused on innovation.
    They both help the startup to grow but they have some key differences. One of the big differences between accelerators and incubators is in how the individual programs are structured. Accelerator programs usually have a set timeframe in which individual companies spend anywhere from a few weeks to a few months working with a group of mentors to build out their business and avoid problems along the way. If an accelerator is a greenhouse for young plants to get the optimal conditions to grow, an incubator matches quality seeds with the best soil for sprouting and growth.

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