incubators and accelerators

Incubators and accelerators are programs designed to support startups in their early stages. Incubators provide resources like workspace, mentorship, and funding over a longer period to help develop an idea into a viable business. Accelerators, on the other hand, offer intensive, short-term programs focused on rapid growth and scaling, often culminating in a demo day to attract investors. Both aim to nurture innovation, but incubators tend to focus on early development, while accelerators push for quick progress and market readiness.