incubators vs accelerators

Incubators and accelerators are programs designed to support startups, but they serve different purposes. Incubators help early-stage ideas develop by providing workspace, mentorship, and resources over an extended period, often with less emphasis on rapid growth. Accelerators, on the other hand, are intensive, time-bound programs that fast-track startups aiming for rapid growth, often offering mentorship, investment, and networking opportunities in a few months. Essentially, incubators nurture ideas into viable businesses, while accelerators prepare startups for rapid scaling and market entry.