Accelerators and incubators

Accelerators and incubators are programs that support startups and early-stage companies. Incubators provide a nurturing environment, helping with foundational aspects like business planning, mentorship, and workspace, often over a longer period. Accelerators, in contrast, are intensive, time-limited programs designed to fast-track growth by offering mentorship, funding, and networking opportunities. Both aim to increase a company's chances of success but differ mainly in their approach and duration, with incubators focusing on early development and accelerators on rapid scaling and market entry.